In addition to providing lending solutions to undergraduate students, your credit union can choose to offer Graduate Business School loans to help those pursuing their graduate business degree (such as an MBA). This solution is available for graduate business students enrolled, or enrolling in, a Business program at an approved business school.
Our Student Choice private loan solution was designed to fill the funding gaps that may exist after all-lower-cost sources of aid (including Federal Stafford loans) have been exhausted. And since these loans are being offered through their credit union, your members know that they are getting a great deal from a not-for-profit lender they can trust.
Our Graduate Business private student loan solution:
Helps fill the funding gap that exists after lower-cost sources of aid have been exhausted.
Offers zero origination fees and lower rates than many other lenders.
Allows for fully deferred payment while students are in school (optional).
Is structured as a Line-of-Credit (LOC), which students can use over multiple years. Each year, members simply determine how much of the eligible LOC amount ythey'll need.
Offers flexible repayment options resulting in lower initial payments after graduation.
- Gives members the chance to reduce their interest rate by 0.25% during full repayment when they enroll in automatic payment. If your line of credit is subject to a floor rate (also known as a minimum interest rate) as specified in your promissory note, your rate will never be less than the floor rate.
Establishes deeper member relationships - as the loans will be granted and held by the credit union, not referred to another lender.
For specific details about our Graduate Business private student loan solution, please visit our Frequently Asked Questions page!
* loans subject to approval. Rates, terms and conditions subject to change without notice.