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
3.65% – 12.46% APR†,♦, 9
SoFi
4.24% – 13.55% APR
College Ave
4.44% – 15.32% APR
Earnest
4.45% – 13.95% APR
Sallie Mae
4.50% – 14.83% APR
Discover
5.49% – 14.99% APR
*comparisons based on competitors’ websites as of 6/1/23, and are subject to change at any time.
No Fees and Unemployment
Protection
4
A Union Federal Private Student Loan has no:
NO Application Payment Fees
NO Origination Payment Fees
NO Late Payment Fees
We know sometimes things happen beyond your control, that is why we also offer unemployment and natural disaster protection to help get you back on your feet.
Customizable
Choose the loan terms that work best for you:
- 7 year repayment terms
- 10 year repayment terms
- 15 year repayment terms 6
Repayment Options
Choose the loan that fits your needs:
Cosigner Release
Cosigners are an important part of the process. Most students don’t have the income or credit history to get approved on their own. In fact, 3 out of 4 approved applications have a cosigner. That’s why we offer a cosigner release. 7 They help you short-term, but one day you’ll be able to stand up your own. You and your cosigner can see what rate you prequalify 1 for before submitting a full application – and there’s no impact to you or your cosigner’s credit score. We’ve even made it easy to invite your cosigner into the process.
Am I eligible?
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
Cosigners are very important
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.
Prequalification checklist
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)
Multiple loan options
Ways to decrease your rate
Still have questions?
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
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)
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
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.