Private Consolidation

 

Help members pay once and for all by consolidating their private student loans with a Student Choice private consolidation loan from the credit union. Featuring a low, variable interest rate, zero origination fees, and 15-year1 repayment period, a consolidation loan from the credit union will let members combine multiple private student loans into one convenient payment, potentially saving thousands of dollars in interest over the life of the loan!

Simplify finances. Amplify funds!

With a Student Choice private consolidation loan members will eliminate the hassle of multiple private student loan payments and likely reduce their interest rate, saving them thousands. Members can:

  • Consolidate up to $100,000 in private student loans3
  • Choose a graduated repayment option to enjoy lower initial monthly payments
  • Receive a 0.25% rate discount for automatic electronic payment

For specific details about our private consolidation loan, please visit our Frequently Asked Questions page.

  1. For a $20,000 consolidation loan for a term of 180 months with a 6.00% APR2, the monthly payment will be approximately $169. All loans are subject to approval. Rates, terms and conditions subject to change without notice. Restrictions apply. Please visit the rates page for more information.
  2. APR = Annual Percentage Rate
  3. Maximum loan amount may vary by credit union. Loans subject to approval. Rates, terms and conditions subject to change without notice.
  4. If your loan 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.