Private Student Loans

Choose the way you want to pay for school.

A Union Federal® Private Student Loan, powered by Cognition Financial, gives you options so you can rest assured you’re doing the right thing for your future. Prequalify 1 today with no impact to your credit score.

Returning undergraduate student borrowers can rest easier knowing they’re more likely to be approved – they had an 86% recent approval rate when applying the following year for a subsequent Union Federal Private Student Loan with a cosigner. 2

Plus, we’ve made applying easier by creating a timesaving application process, just for returning borrowers. Prequalify for a Union Federal Private Student Loan today. Then come back next year and enjoy the benefits of the Returning Borrower Advantage. 3


See how our rates stack up!*

Our fixed rates are currently lower than our major competitors. So if you need more money for school, it’s a great time to prequalify1 for a Union Federal® Private Student Loan! Don’t delay – PREQUALIFY and lock in your rate today!

Fixed Rates

Union Federal

4.43% – 14.66% APR,♦, 9


4.44% – 14.70% APR

Sallie Mae

4.50% – 15.49% APR

College Ave

5.05% – 16.99% APR


5.24% – 15.99% APR

*comparisons based on competitors’ websites as of 11/30/23, and are subject to change at any time. 


Got questions?
We can answer them.


Everything you need to know about private student loans.

Union Federal Private Student Loans at a Glance

Union Federal Private Student Loans at a Glance

A Union Federal Private Student Loan covers up to 100% of your school-certified cost of attendance, which typically includes things like tuition and fees, books and supplies, room and board, transportation and personal expenses.

Eligibility requirements for the student

  • Be enrolled at an eligible institution in a degree-granting program
  • Be the legal age of majority, or at least 17 years of age at the time of application if applying with a cosigner who meets the age of majority requirements in the cosigner’s state of residence 10
  • Be a U.S. citizen, a permanent resident alien, an Eligible Non-Citizen (DACA resident) applying with an eligible cosigner who is a U.S. citizen or permanent resident alien, or an international student applying with an eligible cosigner who is a U.S. citizen or permanent resident alien

Applying with a cosigner increases your chance of approval by 4 times, and if your cosigner has good credit history, you may get a better rate. A cosigner can be an eligible parent, guardian, friend, etc.

We now offer prequalification! 1 You and your cosigner can now quickly check your rate without any impact to your credit scores.

You can use this checklist to help you complete that process.

  • Personal information (name, Social Security number, date of birth)
  • Address (mailing address and permanent address)
  • Phone number(s)
  • Email address
  • School information (name of school, cost of attendance, grade level, expected graduation date)
  • Loan information (amount needed and when)
  • Income information for the cosigner or student (on a cosigned loan, income is not required of the student but is of the cosigner; for a student applying on their own, income is required of the student)

Take a moment to consider the best way for you to pay back your loan.

Repayment Options 5 6

  • Immediate Repayment
  • Interest-Only Repayment
  • Flat Payment Repayment
  • Full Deferment

Rate Type

Choose between a fixed or variable rate

Even a small percentage can make a difference in your bank account.

  • 0.25% interest rate reduction with 36 consecutive on-time payments 8
  • 0.25% interest rate reduction for customers who elect auto pay 9

Contact Us

To speak with a Union Federal Private Student Loan Specialist: 866-513-8445

To email a Union Federal Private Student Loan Specialist:


Scholarship Sweepstakes

With the Paying for College Scholarship Sweepstakes, Union Federal is sponsoring a $1,500 scholarship every month until March 31, 2023.11 It’s just one more way we’re working to ease the costs of higher education.

Enter Sweeps


Speak with a Union Federal Private Student Loan Specialist


Email a Union Federal
Private Student
Loan Specialist