Do I have to know my enrollment status to apply?

Yes. You must be continually enrolled in a degree-granting program and meet your school's minimum Satisfactory Academic Progress (SAP) criteria to be eligible. For fall and spring terms, you must be enrolled at least half-time. For summer term, you may be enrolled less than half-time. Should you drop below half-time [...]

Do I have to know my enrollment status to apply?2022-02-09T08:21:27-06:00

What is graduated repayment?

Graduated Repayment is repayment of principal and interest using an extended amortization period intended to lower the monthly payment amount, after which payments are higher and based on the remainder of original term.

What is graduated repayment?2022-02-09T07:57:21-06:00

Who will service my loan?

University Accounting Service (UAS) will service your loan. Once your loan has been disbursed or entered repayment, you may contact UAS with questions, or access your account online.

Who will service my loan?2022-02-09T08:05:52-06:00

How much can I borrow?

The maximum amount you can borrow varies by credit union lender. In general, the amount is based on your school’s certified costs minus the amount of other financial aid you have already received (such as federal student aid, scholarships, and grants). You can view loan limits  on our lenders' websites [...]

How much can I borrow?2022-01-28T15:46:40-06:00

Can my cosigner be released at a later date?

Many of our credit union lenders offer a cosigner release option based on on-time payment history and other requirements. We recommend reviewing specific criteria on the credit union lender's website.

Can my cosigner be released at a later date?2022-02-25T08:59:13-06:00

Can I receive a discount for setting up ACH payments?

Many of our credit union lenders offer a 0.25% interest rate reduction when the borrower signs up for automatic debit payments and is in active repayment. We recommend reviewing the credit union lender's website for details about a potential discount for automatic payments.

Can I receive a discount for setting up ACH payments?2022-02-09T08:14:22-06:00

Who is Credit Union Student Choice?

Student Choice was founded in 2008 by a group of credit unions who wanted to provide innovative private student lending solutions for borrowers. Today we partner with 300 credit union lenders to provide options for your education borrowing needs, and can help match you with one!

Who is Credit Union Student Choice?2022-01-28T13:03:10-06:00

Can anyone become a member of a credit union?

In the past, credit union membership was somewhat limited based on where members lived, worked, worshipped, or attended school. The good news is just about anyone can join a credit union now and take advantage of the benefits of being a member!

Can anyone become a member of a credit union?2022-01-28T15:30:25-06:00

What is the difference between a fixed and variable rate?

Fixed Interest Rate A fixed rate loan is exactly as it sounds – the interest rate is fixed, or stays the same, for the entire life of your loan. Pros: You’ll know what your interest rate is and won’t have to worry about fluctuations down the road. Cons: The tradeoff [...]

What is the difference between a fixed and variable rate?2022-01-28T15:52:35-06:00

Do I have to refinance all my student loans?

You can refinance all or some of your student loans - whichever option is best for you. Some borrowers choose not to refinance their federal student loans so they can hold on to existing benefits such as income based repayment plans or loan forgiveness.

Do I have to refinance all my student loans?2021-10-20T14:54:01-05:00
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