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

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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

3.65% – 12.46% APR,♦, 9

SoFi

4.49% – 13.80% APR

College Ave

4.49% – 15.32% APR

Sallie Mae

4.50% – 14.83% APR

Earnest

4.79% – 13.95% APR

Discover

5.49% – 14.99% APR

*comparisons based on competitors’ websites as of 2/1/23, and are subject to change at any time. 

Resources

Got questions?
We can answer them.

Resources

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: info@unionfederalstudentloans.com

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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

Phone

Speak with a Union Federal Private Student Loan Specialist

Email

Email a Union Federal
Private Student
Loan Specialist