Student Loans

An Investment in Your Future

Figuring out how to finance your education can feel like an education in and of itself, but we aim to make it faster and easier. You and your cosigner can now prequalify 1 in minutes to find out your estimated rate with no impact to either of your credit scores. With the Union Federal® Private Student Loan, you get great benefits (like an on-time payment benefit 9 ) and you get to design a loan that works best for you.

loan-details-hero

Interest Rates:

Union Federal Private Student Loan interest rates are competitive in the industry. Rates are determined by the borrower’s and the cosigner’s, if applicable, credit histories, the repayment option, and the loan term selected, the expected number of years in deferment, the requested loan amount, and other information provided on the online loan application.

Current Variable Rates

Rates starting as low as 1.25% – 9.73% APR 2 3

Current Fixed
Rates

Rates starting as low as 4.26% – 10.74% APR 2 3

APRs shown include the summer savings rate discount. ±
Lowest APRs shown include a 0.25% interest rate reduction for
customers who elect auto pay. 2 3

freinds-smilling

Borrowing with Benefits

Summer Savings! Get a 0.50% interest rate reduction when you apply by August 31, 2020 ±

0.25% interest rate reduction for customers who elect auto pay 10

0.25% interest rate reduction with 36 consecutive on-time payments 9

No application, origination or prepayment fees and we offer natural disaster and unemployment protection 4

Cosigner release 7 option available

friends-studying

Flexible Borrowing Options

Rate Type: Students can choose whether they want to lock in a fixed interest rate or allow for changes with market volatility with variable interest rates.

Repayment Options: Whether you’re employed part time, or full time, the Union Federal Private Student Loan has flexible repayment options so you can choose the option that best suits your situation. Make payments while you’re in school or start repayment up to six months after graduation. Students can choose between immediate repayment, flat $25 monthly payments, interest-only repayment, or full deferment until 6 months after graduation 5 6

Terms: Choose your loan term from 7, 10 or 15 year options 5 .

person-writing

Limits & Maximums

$1,000 Minimum loan amount 8

$99,999 Annual loan maximum 8

$180,000 Aggregate student loan limit (total amount of student loan debt allowable) 8

No Fees

NO Applications Payment Fees

No Fees

NO Origination Payment Fees

No Fees

NO Missed or Late Payment Fees

Repayment Options

Choose the loan that fits your needs:

Immediate 5 6

Begin making principal and interest payments right away.

  • Lowest cost option overall
  • Highest payments while in school

Interest Only 5 6

Pay interest only payments on your loan while in school.

  • Reduces overall loan cost
  • Moderate payments while in school

Flat Payment 5 6

Pay the minimum fixed monthly payment while in school.

  • Minimal reduction of overall loan cost
  • Low payments while in school

Full Deferment 5 6

No payments of principal and interest until six months after you leave school.

  • No reduction of overall loan cost
  • No payments while in school
writing

Cosigner Release 7

Once specific requirements are met, cosigners can be released by filling out the cosigner release application.

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 least half-time 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 11
  • Be a U.S. citizen or permanent resident, or an eligible international student applying with an eligible cosigner who is a U.S. citizen or permanent resident alien
  • The Union Federal Private Student Loan is not available to students or cosigners whose permanent residency state is Arizona, Iowa or Wisconsin.

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.

  • Summer Savings! 0.50% interest rate reduction when you apply by August 31st, 2020 ±
  • 0.25% interest rate reduction with 36 consecutive on-time payments 9
  • 0.25% interest rate reduction for customers who elect auto pay 10

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

Phone

Speak with a Union Federal Private Student Loan Specialist

Email

Email a Union Federal
Private Student
Loan Specialist