Private Student Loan

Overview

Let us help with school

If college is part of your dream, SEFCU Private Student Loans can help make it happen.  

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full payments are deferred until

6 months after graduation 

Features & Benefits

Convenient for students

  • Borrow $500-$50,000 for tuition and room/board
  • While student is enrolled (at least half-time), loan payment will be interest amount due or $35 (whichever is more)
  • Full principal/interest payments start six months after graduation or when student is no longer enrolled
  • We send funds directly to college/university; must be an accredited school
  • Payments are made at the beginning of each semester as long as all requirements are met
 school house

 

Requirements

What's needed to apply

  • Proof of student maintaining a minimum GPA of 2.0
  • Proof of income
  • Copy of the college or university award letter
  • Copy of tuition bill
  • Self-certification form

 Rates

Current Rates

Approximate Repayment Term Percent Above Index APR as low as
180 months N/A 9.000%
180 months 3.00% 11.000%

Compare

See which is best for you

Private Student Loan

  • Choose a fixed- or variable-rate loan
  • Borrow $500 - $50,000
  • Take approximately 180 months to repay

 

Personal Loan

  • Fixed-rate loan
  • Borrow $500 - $25,000
  • Terms from 12 to 60 months

Learn More

Apply Now

Apply for a SEFCU Private Student Loan today

Current SEFCU member?

Apply Today

Not a member?

Join SEFCU

 

 

 

 

 

 

 

Visit a branch near you

Call 800-727-3328

 

Financial Education

Calculator

FAQs

Private Student Loan

Helps students pay for school

Choose a fixed-or variable-rate loan

Borrow $500-$50,000

Full repayment begins when you’re out of school

 

Private Student Loans

More to think about...

Products, services, terms, and conditions are subject to change without notice. All loans are subject to creditworthiness. SEFCU membership is required.
* Annual Percentage Rate (APR) is fixed. Rate listed assumes creditworthiness. Other rates and terms may apply. Payments are interest only while student is enrolled at least half-time at an accredited school. Payments become principal and interest after six months following graduation or if student is no longer enrolled in school. Monthly Loan Payment Example: a $10,000 loan at 9.00% APR for 180 months, with no additional payment protection, would be 54 (48 months in school + 6-month grace period) monthly payments of $76.44 while enrolled in school followed by 126 monthly payments of $123.43. Rates accurate as of March 31, 2023 and subject to change without notice. Published rate is for new SEFCU loans.
** Annual Percentage Rate is variable and is based on the Prime rate published in the Wall Street Journal. The APR is subject to change quarterly and will be determined by the Prime rate 45 days prior to the first day of January, April, July, and October plus a margin. APR is subject to increase after consummation. Rate listed assumes creditworthiness. Other rates and terms may apply. Payments are interest only while student is enrolled at least half-time at an accredited school. Payments become principal and interest after six months following graduation or if student is no longer enrolled in school. Monthly Loan Payment Example: a $10,000 loan at 11.00% APR for 180 months, with no additional payment protection, would be 54 (48 months in school + 6-month grace period) monthly payments of $93.42 while enrolled in school followed by 126 monthly payments of $134.78. Rates accurate as of March 31, 2023 and subject to change without notice. Published rate is for new SEFCU loans.