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.
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, the loan term selected, the expected number of years in deferment, the requested loan amount, and other information provided on the online loan application.
Borrowing with Benefits
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 6 .
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
Cosigner Release 7
Once specific requirements are met, cosigners can be released by filling out the cosigner release application.
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 11
- 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 12
- 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 11
- 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 12
- 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