We’re here for
the top 100%.

No matter who you are or where you’re from, everyone who applies for a Union Federal® Private Student Loan gets these benefits:

  • May cover up to 100% of college costs1
  • Get your rate in minutes2
  • Choose your repayment option3
  • No fees! Not even late payment fees
Prequalify in Minutes
Log in to Resume Application
Fixed Rates*

4.24%

to 14.02% APR 4,5
Variable Rates*

4.97%

to 14.52% APR 4,5

*Lowest APRs shown include a 0.25% interest rate reduction for customers who elect auto pay.4,5

A college girl reads over loan terms while seated at a park bench.

A real rate with no commitment to apply and no impact on your credit score when you prequalify.2

After prequalifying and getting your rate, configure your loan to see how different options affect your rate and repayment amounts.

To prequalify, you'll need:

  1. Your (and cosigner if applicable) date of birth and SSN
  2. Mailing and email addresses and phone numbers
  3. School name, grade level, expected graduation date
  4. Loan amount
  5. Your cosigner's annual income (or yours if applying alone)6
Prequalify in Minutes

Repayment Options & Benefits:

Four factors impact loan payments:

  • Length (term) of loan
  • When you start repayment
  • Discounts and benefits
  • Rate type - fixed or variable

Choose a 5-, 7-, or 10-year loan term.7

Shorter term: Higher payments, pay less in interest, pay off your loan sooner

Longer term: Lower payments, pay more in interest, more time to pay off the loan

Discounts and Benefits:

Auto pay: 0.25% interest rate reduction8

On-time Payments: 0.25% interest rate reduction9

Start repayment during school:3,7

Immediate repayment saves the most

Start repaying full principal and interest.
Interest only payments for lower loan balance

Pay interest as it accrues.
Flat Payments: Even $25 a month adds up

Flat, low monthly payments now, lower payments later.

Start repayment after graduation:3,7

Full Deferment

Wait until you're out of school and earning money.

Start repayment during school:3,7

Immediate repayment saves the most

Start repaying full principal and interest.
Interest only payments for lower loan balance

Pay interest as it accrues.
Flat Payments: Even $25 a month adds up

Flat, low monthly payments now, lower payments later.

Start repayment after graduation:3,7

Full Deferment

Wait until you're out of school and earning money.
Prequalify in Minutes
A college age girl and her mother sit down with a school counselor to discuss financial aid.

3 out of 4 approved applicants have a cosigner.

A good cosigner improves your approval chances and your rate as long as they:

  • Have good credit
  • Pay bills on time
  • Don't carry too much debt compared to income
  • Are steadily employed (even if self-employed)

All countries, all cultures.

Union Federal welcomes students from all over the world.

To prequalify you'll need:

  1. An eligible cosigner who is a U.S. citizen or permanent resident alien10
  2. Your and your cosigner's names, dates of birth, and Social Security number(s)
  3. Mailing, email addresses, and phone numbers
  4. School name, grade level, expected graduation date
  5. Loan amount
  6. Cosigner's income6
A male international student stands outdoors with his arms crossed, looking at the camera.

Additional benefits that can make a difference.

Returning Borrower Advantage11

We make our returning borrowers a priority. Enjoy a streamlined application process and a greater likelihood of approval when you apply in subsequent years with the same cosigner.

Prequalify in Minutes
A young college aged man returning to school, carrying belongings into the dorm.

Unemployment12 & Natural Disaster13 Protection

If you become unemployed or affected by a natural disaster during your loan’s repayment period, we’ll pause your payments until you get back on your feet.

Prequalify in Minutes
A male college student using a laptop computer.

Cosigner Release14

Applying with a creditworthy cosigner may increase your approval chances as well as help you get a lower rate. Lower rate, lower overall cost of your loan. That said, Union Federal makes it easy to release your cosigner when the time is right for you to take full responsibility for your loan and build your own credit history.  

Prequalify in Minutes
A young college aged man reviewing financial aid paperwork with his mother.

No Essay Scholarship Sweepstakes15

Enter the Paying For College Sweepstakes for a chance to win $1,500 to put towards books and expenses. Come back and enter every month until December 31, 2025.

Enter Sweeps
A male college student looking at books at the school book store.
Returning Borrower Advantage

We make returning borrowers a priority. Enjoy a streamlined application process and a greater likelihood of approval when you apply in subsequant years with the same cosigner.11

Unemployment & Natural Disaster Protection

If you become unemployed12 or affected by a natural disaster13 during your loan’s repayment period, we’ll pause your payments until you get back on your feet.

Cosigner Release

Applying with a creditworthy cosigner may increase your approval chances as well as help you get a lower rate. Lower rate, lower overall cost of your loan. That said, Union Federal makes it easy to release your cosigner when the time is right for you to take full responsibility for your loan and build your own credit history.14

No Essay Scholarship Sweepstakes

Enter the Paying For College Sweepstakes for a chance to win $1,500 to put towards books and expenses. Come back and enter every month until December 31, 2025.15

Enter Sweeps &

Got questions?
We can answer them.

Check out our FAQs

Free Guide:
Know before you borrow.

Download our Student Loan Guide