Student Loan Application

Student Loans

We’ve partnered with LendKey to make financing (or repaying) your student debt easy! We have options designed to help you handle the costs smoothly so you can focus entirely on your future.

Ready to see how borrowing with us can help you long-term? Here's what's waiting for you when you finance with FedChoice and LendKey:

Competitive Interest Rates - We can help you replace those high interest rates with a rate that better fits your budget and lifestyle.^*

Flexible Rates and Terms - Pay your loan off quickly, or keep your monthly payments as low as possible — the choice is yours.^**

0.25% Interest Rate Reduction - Set up recurring monthly payments and enjoy a reduced interest rate. ^†

Release Your Cosigner - Give more flexibility to your cosigner by releasing them from your loan after meeting specific requirements. ^‡

Borrow What You Need - Cover your education or refinance debt. 

Quick Applications -  Complete your entire application online in under 5 minutes

* Terms and conditions apply. Lowest advertised rates are available to the most creditworthy applicants and may be based on factors including loan term and, for lenders that offer it, selection of the Immediate Repayment option (i.e., full principal and interest payments while in school). Your initial rate will be determined after a review of your application and credit profile. You must be either a U.S. citizen or Permanent Resident in an eligible state and from an eligible school (enrolled on at least a half-time basis), and meet FedChoice Federal Credit Union's credit and income requirements to qualify for a loan. Additionally, in order to receive a loan from FedChoice Federal Credit Union, you must be a member of FedChoice Federal Credit Union. If you are not a member of FedChoice Federal Credit Union, you may apply and become a member during the loan application process. Applying with a creditworthy cosigner may result in a better chance of loan approval and/or lower interest rate. All private student loans from FedChoice Federal Credit Union must be certified by the applicant’s school, and FedChoice Federal Credit Union reserves the right to reduce the loan amount or withhold funding based on the school certification or in the event the school does not certify the loan, respectively.

**APRs for variable rate loans may increase after origination if the SOFR index increases. See Rates & Terms for additional information.

†Refianace: Cosigner release is subject to lender approval. In order to qualify, the borrower must submit a request and the borrower must meet the following requirements: (1) make the required number of consecutive, on-time full principal and interest payments as indicated in the borrower's credit agreement during the repayment period (excluding interest-only payments) immediately prior to the request. Any period of forbearance will reset the repayment clock; (2) The account cannot be in delinquent status; (3) The borrower must provide proof of income indicating that he/she meets the income requirements and pass a credit review demonstrating that he/she has a satisfactory credit history and the ability to assume full responsibility of loan repayment; (4) No bankruptcies or foreclosures in the last sixty months; and (5) No loan defaults on a student loan or with FedChoice Federal Credit Union.

InSchool: Cosigner release is subject to lender approval. In order to qualify, the borrower must submit a request and the borrower must meet the following requirements: (1) make the required number of consecutive, on-time full principal and interest payments as indicated in the borrower's credit agreement during the repayment period (excluding interest-only payments) immediately prior to the request. Any period of forbearance will reset the repayment clock; (2) The account cannot be in delinquent status; (3) The borrower must provide proof of income indicating that he/she meets the income requirements and pass a credit review demonstrating that he/she has a satisfactory credit history and the ability to assume full responsibility of loan repayment; (4) No bankruptcies or foreclosures in the last sixty months; and (5) No loan defaults on a student loan or with FedChoice Federal Credit Union.

‡If you enroll in automatic monthly payments from a personal checking or savings account to pay principal and interest amounts that are due, the Margin will be reduced by 0.25%. This rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is cancelled, any increase will take the form of higher payments.