Student Loan Refinance

master your student debt

Don’t let student debt take over your life! Now you can master your student debt by refinancing your federal and private student loans all in one place with great low rates. Our Student Loan Refinance program has terrific benefits for you:

  • Easy Application – Simple online application and document upload. Get a low fixed or variable rate loan with flexible terms.
  •  Consolidate Federal and Private loans – Combine ALL your student loans into one easy payment and use AutoPay1 to get an even better rate.
  •  Personalized Service –  Get live customer support on M-F, 9 am to 5 pm.
  • Choose your amount & terms – 5, 10 or 15-year terms, and amounts from $5k to $150k.
  •  No hidden fees – No application or origination fees and no pre-payment penalties.
REFINANCE NOW!
Consolidate your loans and sign up for AutoPay1 to get these low rates! 

 It’s easy! Here are three simple steps to get started:

1) Choose your loan type, term, and amount,
2) Upload your documents,
3) eSign the loan agreement, and you are done!

 

ApplyNow

 

Terms and Conditions:
For either loan, you will be required to review the Application Truth in Lending Disclosure prior to submitting an application. The minimum loan amount is $5,000. Your interest rate will be determined by your credit score or your cosigner’s, whichever is greater. Membership is required when taking a loan out with UCU.  Must qualify for UCU membership and a membership fee may apply; please call (800) UCU-4510 or visit www.UCU.org to confirm eligibility. Must be 18 years old or older and pass Chexsystem. All accounts are subject to approval. If you are not currently a member of UCU, we will contact you to establish membership. Establishing membership includes opening a membership savings account. If you do not complete the membership application, we will create your membership savings account for you. To qualify, a borrower must be a U.S. citizen or permanent resident and meet UCU’s underwriting requirements. This information is current as of 9/26/2016 and is subject to change.

*Variable Rate: 2.00% annual percentage rate (APR) with AutoPay1 is 60 monthly payments of $17.53 per $1,000 borrowed. Borrowing $10,000 at 2.00% accrues $516.84 in interest during the 5 year repayment term. These monthly payments and accrued interests are for illustration purposes only. If approved for a loan, the variable interest rate offered will depend on your credit history and the UCU’s underwriting standards. Variable rates from 2.00% APR to 5.50% (with AutoPay). Rate is variable and subject to change. Interest rates on variable rate loans are capped at 10.00%. Lowest variable rate of 2.00% APR assumes the Prime Rate of 3.50% less 1.00% and subtracting the 0.50% for AutoPay. For the UCU variable rate loan, when the Prime Rate is adjusted, the loan payment will be re-amortized and may change as the Prime Rate changes. APRs for variable rate loans may increase after origination if the Prime Rate increases. The above figures assume no changes to Prime Rate, no pre-payments, no additions to the loan principal, and all payments made in a timely manner over the life of the loan. For further information on rates and costs, see the Variable Student Loan Refinance Truth in Lending Disclosure.

**Fixed Rate: 2.49% annual percentage rate (APR) with AutoPay1 is 60 monthly payments of $17.75 per $1,000 borrowed. Borrowing $20,000 at 2.49% accrues $1,292.15 in interest during the 5 year repayment term. These monthly payments and accrued interests are for illustration purposes only. Lowest fixed rate of 2.49% assumes enrollment in AutoPay1.  If approved for a loan, the fixed interest rate offered will depend on your credit history and the Credit Union’s underwriting standards. For further information on rates and costs see the Fixed Student Loan Refinance Application Truth in Lending Disclosure.

1To be eligible for the interest rate reduction for AutoPay, you must be signed up for AutoPay through Great Lakes Educational Services. If at any time AutoPay is stopped, or the loan is not in good standing, the rate discount will not be applied.

UCU RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.