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Why Credit Union Student Choice?
The Credit Union Student Choice Program was created with one goal in mind – helping you finance a higher education without a higher price tag.
- Helps fill the gap federal funding can leave behind.
- Offers zero origination fees and lower rates than many other lenders.
- Allows for fully deferred payment while in school (optional). - Gives the student a full Line-of-Credit (LOC) which can be used over multiple years. With one application we will qualify you for a LOC for the remainder of your undergraduate career (up to $75,000).* You will determine how much of the eligible LOC amount we should send to your school during disbursement periods. - Offers flexible repayment options resulting in lower initial payments after graduation. - Gives you the chance to reduce your interest rate by 0.25% during full repayment when you enroll in automatic payment. - Gives you a lender relationship you can trust - as your loan will be granted and held by your not-for-profit credit union. By choosing your credit union's program over other alternative lenders, you'll enjoy significant cost-savings and consumer-friendly terms. Try our loan comparison calculator to see just how much lower rates and zero fees can save you over the life of the loan.
Learn more below or view our more detailed Frequently Asked Questions page. Who's eligible?
Undergraduate students enrolled at least half-time in a four year degree-granting program at a public or private non-profit school. Over 1,700 schools and campuses across the U.S. are eligible. View a listing of our approved schools to see if your school is included before you apply. NOTE: Approved schools are subject to change.
How much can I borrow?
Once approved, students can borrow from $1,000 up to the cost of attendance less any other aid received. The total amount the student can borrow throughout their college career is $75,000.
What will be my rate? Click here to see our current rates. You will be quoted your specific rate after you are approved for the loan. Note: There is no obligation to take the loan once you apply and are approved. We encourage you to apply and evaluate your options before making a final decision. How are rates determined?
Rates are variable and reset quarterly. They are also dependent on your credit and, if applicable, the credit of your co-borrower.
How quickly are funds disbursed?
Funds will be disbursed directly to the school, at the time the school specifies. The requested funds date varies from school to school. We will verify this date with the school.
How do I apply?
You can quickly and easily apply online for an instant approval and quote. If you have questions, please check out our detailed Frequently Asked Questions page or you can call our student loan representatives 24 hours a day, seven days a week.
Applicants can hear back from us in just a few minutes.
Important: Be sure to always exhaust low-cost Federal Stafford Aid before applying for any "private" or "alternative" loan (including the Credit Union Student Choice Loan).
*Subject to credit qualification and annual credit review. |
