Private Student Lending

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Student Loans and Consolidations
Everyone has been anxiously awaiting the acceptance letter from their “most wanted” school.
Well, the letters have started to arrive.
After you’ve done the celebration dance, you need to ask yourself: "How can I financially do this?

Student Loan

 

Consolidation Loan

The Private Student Loan acknowledges the need for higher education financing options for our members. It can be used to pay for qualified educational expenses — including tuition, room and board, books, and other school-related expenses. With the cost of higher education skyrocketing, it’s sometimes difficult to have saved enough to cover everything. A Private Student Loan can serve as the solution to your financial roadblocks.

Benefits

arrow No Origination Fee for all student borrowers

arrow Competitive interest rates and with good grades, potential for even lower rates

arrow 1% interest rate reduction once 10% of the loan principal is repaid during the Repayment Period

arrow 30 Day No-Fee Return Policy allows you to cancel the loan within 30 days of disbursement without fees or interest

arrow Cosigner Release available for creditworthy borrowers after 24 consecutive on-time principal and interest payments during the Repayment Period**

  And for recent college graduates currently faced with high interest private student loan debt, we offer a Private Student Loan Consolidation and refinancing solutions. Combine loans from multiple lenders into one easy payment to reduce the chance of a missed or late payment. This refinancing option can also potentially save thousands of dollars in student loan payments every year, allowing borrowers to put the extra money towards paying off their debt faster, or towards a major purchase such as a car or home.

Benefits

arrow Simplify your finances with one easy monthly payment

arrow Interest-Only Repayment Option up to 4 years for eligible borrowers followed by 11 years of principal & interest repayment

arrow Cosigner Release available after 24 consecutive on-time principal & interest payments

arrow Lower payment and competitive rate possible with extended repayment term


Let’s get together and discuss how our Student Private Loan or Student Consolidation Loan can make it all work. Speak with a Financial Solutions Advisor to see which financial solution is best for you.

Learn more about the US Senate Federal Credit Union Private Student Lending.

Apply

 


**Subject to Credit Union approval. The Repayment Period begins after the In-School and Grace Period.



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