Whether you’re trying to fill funding gaps to pay for college or pay back your existing student loans,

we have the solution that’s right for you.

 has partnered with Student Choice to provide you:

  • Student Lending Solutions

  • Refinance Solutions

  • Competitive Interest Rates

  • Flexible Repayment Options

  • Easy Online Application

  • Personal Support

Who is Student Choice?

Student Choice was founded in 2008 by America’s top credit unions to provide families a better way to pay for college.  Since then, we’ve built a network of the top not-for-profit credit unions across the country so families can easily find a lender that fits their unique borrowing needs. Student Choice manages the entire process and works with nearly 2,000 approved schools nationwide to take the hassle out of paying for college and refinancing.

Once approved, your loan will be funded by University Credit Union, a leading credit union serving college students and families since 1951.* In order to fund the loan, the borrower and co-borrower (if applicable) must be a member of University Credit Union. You may apply before becoming a member. If you’re not already a member, you can expedite funding by joining University Credit Union while we are processing your loan application.

How it Works

Select Your Loan

Choose a student loan or refinancing option that fits your needs.

Apply Online

You’ll receive an instant credit decision and can begin uploading documents as needed.

Funds Are Disbursed

Once approved, funds are sent directly to your school or previous lender.

Get Started

Undergraduate Student Loans

Variable Rate

Our variable rate solution is a line of credit – borrow once for your entire undergraduate career with just one application.**

  • Variable rates: % – % APR†
  • Line of credit with multi-year approval
  • 20/25-year repayment depending balance◊
  • Borrow up to $75,000 and 100% of your cost of attendance
  • Lower your rate by 0.25% by enrolling in electronic auto-pay‡
  • Choose full deferment, interest only, or make full payments while in-school
  • View important disclosures and rate details.

Fixed Rate

Our fixed rate solution is a closed end loan – you’ll reapply each year to lock in your fixed rate.

  • Fixed rates: % – % APR
  • Apply each year to lock in your rate
  • 10-year repayment term
  • Borrow up to $75,000 and 100% of your cost of attendance
  • Lower your rate by 0.25% by enrolling in electronic auto-pay‡
  • Choose full deferment, interest only, or make full payments while in-school
  • View important disclosures and rate details.
Get Started
Get Started

Graduate Student Loans

Variable Rate

Our variable rate solution is a line of credit – borrow once for your entire undergraduate career with just one application.**

  • Variable rates: % – % APR
  • Line of credit with multi-year approval
  • 20/25-year repayment depending on balance◊
  • Borrow up to $100,000 and 100% of your cost of attendance
  • Lower your rate by 0.25% by enrolling in electronic auto-pay‡
  • Choose full deferment, interest only, or make full payments while in-school
  • View important disclosures and rate details.

Fixed Rate

Our fixed rate solution is a closed end loan – you’ll reapply each year to lock in your fixed rate.

  • Fixed rates: % – % APR
  • Apply each year to lock in your rate
  • 10-year repayment term
  • Borrow up to $100,000 and 100% of your cost of attendance
  • Lower your rate by 0.25% by enrolling in electronic auto-pay‡
  • Choose full deferment, interest only, or make full payments while in-school
  • View important disclosures and rate details.
Get Started
Get Started

Student Loan Refinance

Refinance your existing student loans.

Refinancing your student loans can help you save on interest or lower your payment.

Get Started

Contact Us

Application & Product Questions

Speak to a representative 24/7 about our student lending solutions – call 844-658-4555.
Call Now

Inquire About Your Balance or Make a Payment

877-530-9782
Log in to your account

Make Payments by Mail

University Accounting Service, LLC.
PO Box 5879
Carol Stream, IL 60197

More Information By Mail

 
c/o Credit Union Student Choice
1001 Connecticut Avenue NW, 10th Floor
Washington, DC 20036

Frequently Asked Questions

Undergraduate & Graduate FAQ

University Credit Union will fund your loan.

With the unique structure of our education line of credit, you can borrow up to the full cost of the remainder of your education. You will not need to reapply each year (assuming there are no significant changes to the borrower or co-borrower credit scores).

Each year, you will simply request additional funds (called a “draw”) for the amount you wish to have disbursed to your school (based on your school’s certified amount – read more below).

Funds are disbursed to your school based on the school’s disbursement cycle. You will request the specific draw amount from your line of credit each year.

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 in the fall or spring, withdraw during any term, or fail to meet SAP requirements, your funding request can be denied, your line of credit may close, and you may enter repayment.

A borrower is not required to apply with a co-borrower/cosigner. However, applying with a credit worthy co-borrower/cosigner may improve a borrower’s chance of meeting the credit union’s approval criteria and potentially qualify for a lower interest rate.

In order to fund the loan, the borrower must be a member of the credit union. To expedite funding, visit your credit union branch or website to open your membership account while we are processing your loan.

A co-borrower release option is available to credit worthy borrowers who make 48 consecutive on-time payments during the principal and interest repayment period, and meet additional requirements (such as salary and debt-to-income ratio). You must apply and be approved for this option after the 48 month period. Other terms and conditions may apply, and option may be revoked or modified without notice.

No. Loan funds are disbursed directly to your school for tuition, fees, and room and board.

You can use your funds to pay for education-related expenses such as tuition, fees, room and board, meal plans, books, and other items. Each school processes refunds (to use for these expenses) differently, so please check with your school to find out their specific procedure for refund issuance.

Though you requested a particular loan amount, your school will still certify the amount you need, which may be less than what you requested. The process of school certification allows your college to have control over your loan amount and when funds are disbursed. School certification involves the college in the borrowing process, ensuring the students are managing their educational debt wisely. The school will not certify an amount that is more than the cost of attendance (COA) minus any financial aid received (financial aid is defined as federal direct loans, scholarships, and grants).

Your school will certify your loan amount and set disbursement dates and has final decision in the amount and schedule for payments. Please contact your school financial aid office for more details.

Please let your financial aid office and your bursar’s office know that you have been approved for a loan. If the school requires proof that you are approved for the loan, ask the financial aid office which documents they require for proof that the loan is in process. After speaking with the financial aid office, contact your bursar to inquire about how they manage late fees and if they can be waived.

University Accounting Service (UAS) will service your loan. Once your loan has been disbursed or entered repayment, you may contact UAS with questions at 877-530-9782.

Please log in to your account. You may also contact UAS at 877-530-9782.

Please log in to your account or contact UAS at 877-530-9782 to set up automatic debit for your student loan payments.

For in-school loans, you may choose to make interest-only payments while in school; defer both principal and interest payments until six months after graduation; or make full payments while in school. If you defer both principal and interest payments during school, interest begins accruing at disbursement and will be capitalized when you enter repayment.

Variable Rate Option: the repayment term is 20 years if your principal balance at repayment is $40,000 or less, and 25 years if your principal balance at repayment is more than $40,000.

Fixed Rate Options: The loan term is a total of 15 years including a combined maximum of 4.5 years of in-school or grace period, and a repayment term of up to 10.5 years.

You can re-apply for the loan with a different co-borrower. Call the credit union at 800-673-8176 to inquire about underwriting criteria.

Refinance FAQ

For more information on the maximum loan amount, please visit our product overview page. Make sure to review your existing loans carefully so that you borrow the exact amount you need.

Payoff verification may be a 30-day payoff statement issued from the creditor with a payoff valid through a specified date, or a screenshot from the creditor’s website showing this information. The payoff verification must include the creditor name and address, current loan balance or calculated payoff amount, and the borrower account number.

Consolidation means you are simply combining existing loans. Your total payment amount and total interest will likely remain the same, but you’ll have the convenience of making one payment rather than multiple payments. This type of loan is usually associated with federal government student loans.

When you refinance, you are taking out a single new loan to pay off your old ones. You’ll probably have a new interest rate, new terms, and a different monthly payment amount. This is the loan solution offered by your credit union.

You will be quoted a rate after your application has been submitted and reviewed. There is no obligation to take the loan once you apply. View our current rates. We encourage you to apply and evaluate your options before making a final decision.

You can refinance private, institutional, and federal student loans (including PLUS).

No, individuals may not consolidate loans together.

In order to fund the loan, the borrower must be a member of the credit union. To expedite funding, visit your credit union branch or website to open your membership account while we are processing your loan.

A borrower is not required to apply with a cosigner. However, applying with a credit worthy cosigner may improve a borrower’s chance of meeting the credit union’s approval criteria and potentially qualify for the loan at a lower interest rate.

No, your spouse would have to be the cosigner.

Yes. You and your parents will be required to sign an affidavit.

A cosigner release option is available to credit worthy borrowers who make 48 consecutive on-time payments during the principal and interest repayment period, and meet additional requirements (such as salary and debt-to-income ratio). You must apply and be approved for this option after the 48 month period. Other terms and conditions may apply, and option may be revoked or modified without notice.

Yes, you should continue to make your payments while your application is in process. You will be notified when the funds have been sent to the applicable servicers.

No. There is no pre-payment fee and you can pay off the loan at any time.*

*See rates page for additional information, repayment examples, and important disclosures.

We do not offer an in-school deferent option for student loan refinance.

Important Disclosures and Rate Details

Undergraduate 

Variable Rate Line of Credit Solution

The Annual Percentage Rate (APR) for our undergraduate private education line of credit is variable1 and is based on the Prime index2 plus a margin.

The current offered rate3 will be between % and % APR.

Variable Rate Disclosures

  1. The Annual Percentage Rate is subject to increase after consummation. The interest rate will be adjusted quarterly, based on changes to the Index. The APR will not exceed 18.00%, or fall below the Floor rate regardless of the Index or any additional rate discount. Any increase in the Index may increase the APR and the amount of your monthly payment.
  2. The “Index” for the quarter beginning  , is %, which was the Prime index published in the Wall Street Journal on the first business day of  .
  3. Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Interest Rate, Margin, Floor, and/or credit approval depends upon the credit qualifications of the student borrower and co-borrower (if applicable). Margin will be disclosed at account opening. Student borrowers may apply with a creditworthy co-borrower which may result in a better chance of approval and/or lower interest rate.

Fixed Rate Loan Solution

The Annual Percentage Rate (APR) for our undergraduate private education loan is fixed4 for the life of the loan.

The current offered rate5 will be between % and % APR.

Fixed Rate Disclosures

  1. Your interest rate is fixed and your rate and/or credit approval depends upon the credit qualifications of the student borrower or coborrower (if applicable).
  2. Your actual rate within the range stated will be disclosed upon approval. Student borrowers may apply with a creditworthy coborrower which may result in a better chance of approval and/or lower interest rate.


Please Note:
All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required.


Repayment Examples:
Repayment_Examples

Back to Undergraduate Product Information

Graduate

Variable Rate Line of Credit Solution

The Annual Percentage Rate (APR) for our graduate private education line of credit is variable1 and is based on the Prime index2 plus a margin.

The current offered rate3 will be between % and % APR.

Variable Rate Disclosures

  1. The Annual Percentage Rate is subject to increase after consummation. The interest rate will be adjusted quarterly, based on changes to the Index. The APR will not exceed 18.00%, or fall below the Floor rate regardless of the Index or any additional rate discount. Any increase in the Index may increase the APR and the amount of your monthly payment.
  2. The “Index” for the quarter beginning  , is %, which was the Prime index published in the Wall Street Journal on the first business day of  .
  3. Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Interest Rate, Margin, Floor, and/or credit approval depends upon the credit qualifications of the student borrower and co-borrower (if applicable). Margin will be disclosed at account opening. Student borrowers may apply with a creditworthy co-borrower which may result in a better chance of approval and/or lower interest rate.

Fixed Rate Loan Solution

The Annual Percentage Rate (APR) for our graduate private education loan is fixed4 for the life of the loan.

The current offered rate5 will be between % and % APR.

Fixed Rate Disclosures

  1. Your interest rate is fixed and your rate and/or credit approval depends upon the credit qualifications of the student borrower or coborrower (if applicable).
  2. Your actual rate within the range stated will be disclosed upon approval. Student borrowers may apply with a creditworthy coborrower which may result in a better chance of approval and/or lower interest rate.


Please Note:
All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required.


Repayment Examples:
Repayment_Examples

Back to Graduate Product Information

Student Loan Refinance

Variable Rate Solution

The Annual Percentage Rate (APR) for our student loan refinance program is variable1 and is based on the Prime index2 plus a margin. The rate you receive depends upon the credit qualifications of the borrower or cosigner (if applicable) and the repayment term selected.

The current offered rates are3:

  • 5-Year Repayment Term:     between % and % APR
  • 10-Year Repayment Term:   between % and % APR
  • 15-Year Repayment Term:   between % and % APR

Your interest rate is calculated by adding the Index in effect plus a Margin4.

Rates shown include a 0.25% discount for optional enrollment in automatic electronic payments.

Fixed Rate Solution

The Annual Percentage Rate (APR) for our student loan refinance program is fixed5 for the life of the loan. The rate you receive depends upon the credit qualifications of the borrower or cosigner (if applicable) and the repayment term selected.

The current offered rates6 are:

  • 5-Year Repayment Term:     between % and % APR
  • 10-Year Repayment Term:   between % and % APR
  • 15-Year Repayment Term:   between % and % APR

Rates shown include a 0.25% discount for optional enrollment in automatic electronic payments.

All loans are subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required.

Important:  Please remember that federal loans do offer certain benefits and protections that do not transfer to a private loan. By refinancing your federal student loans to a private loan you will lose any federal benefits that may apply to you. Please review this important disclosure for more information.

  1. The Annual Percentage Rate is subject to increase after consummation. Your Interest Rate is variable and may be adjusted quarterly on each January 1, April 1, July 1, and October 1 (Adjustment Date) based on the Prime Index as published in the Wall Street Journal on the first business day of the month immediately prior to the Adjustment Date (e.g., December, March, June and September). Any increase in the Index may increase the APR and the amount of your monthly payment.
  2. The “Index” for the quarter beginning  , is %, which was the Prime index published in the Wall Street Journal on the first business day of  .
  3. Current offered rates are calculated using the Index and Margin value(s) in effect. Your specific Index, Margin, and/or credit approval depends upon the credit qualifications of the student borrowers or cosigner (if applicable). Applicants may apply with a creditworthy cosigner which may result in a better chance of approval and/or lower interest rate.
  4. Margin will be disclosed upon approval. This Margin is added to the index to determine the calculated interest rate. The APR will not exceed 18.00%, regardless of the index.
  5. Your interest rate is fixed and your rate and/or credit approval depends upon the credit qualifications of the student borrower or cosigner (if applicable).
  6. Your actual rate within the range stated will be disclosed upon approval. Student borrowers may apply with a creditworthy cosigner which may result in a better chance of approval and/or interest rate.


Repayment examples:
Examples provided use highest current offered rate in effect for each repayment term and assume a constant interest rate on a $50,000 loan amount. Rates shown include a 0.25% discount for optional enrollment in automatic electronic payments.

Variable Interest Rate Solution

  • 5 year loan term: with a % APR, the monthly payment will be $. Finance charges will be $.
  • 10 year loan term: with a % APR, the monthly payment will be $. Finance charges will be $.
  • 15 year loan term: with a % APR, the monthly payment will be $. Finance charges will be $.


Fixed Interest Rate Solution

  • 5 year loan term: with a % APR, the monthly payment will be $. Finance charges will be $.
  • 10 year loan term: with a % APR, the monthly payment will be $. Finance charges will be $.
  • 15 year loan term: with a % APR, the monthly payment will be $. Finance charges will be $.

Important Refinance Disclaimers

You are eligible to refinance private student loans (including institutional loans) and government loans with this Student Loan Refinance. If any of the loans that you are refinancing are government loans, you should be aware of the following important facts about how refinancing may affect your rights.

  • A government loan is made according to rules set by the U.S. Department of Education. Many government loans have fixed interest rates, meaning that the interest rate on such a government loan will never go up or down.
  • Government loans also permit borrowers in financial trouble to use certain options, such as income-driven repayment, which may help some borrowers. Depending on the type of loan that you have, the government may discharge your loan if you die or become permanently disabled.
  • Depending on what type of government loan that you have, you may be eligible for loan forgiveness in exchange for performing certain types of public service. If you are an active-duty servicemember and you obtained your government loan before you were called to active duty, you are entitled to interest rate and repayment benefits for your loan.
  • If you are unable to pay your government loan, the government may refer your loan to a collection agency or sue you for the unpaid amount. In addition, the government has special powers to collect the loan, such as taking your tax refund and applying it to your loan balance.
  • A private student loan is not a government loan and is not regulated by the Department of Education. A private student loan is instead regulated like other consumer loans under both state and federal law and by the terms of the promissory note with your lender.
  • If you refinance your government loan, your new lender will use the proceeds of your new loan to pay off your government loan. Private student loan lenders do not have to honor any of the benefits that apply to government loans. Because your government loan will be gone after refinancing, you will lose any benefits that apply to that loan. If you are an active-duty servicemember, your new loan will not be eligible for certain servicemember interest rate and repayment benefits. Most importantly, once you refinance your government loan, you will not able to reinstate your government loan if you become dissatisfied with the terms of your private student loan.
  • Your private student loan will have either a fixed interest rate that will never change or a variable interest rate that will go up or down with the market. In either case, the interest rate of your private student loan may be less than the rate of your government loan. If your new private student loan has a fixed interest rate that is less than the interest rate on your government loan, your payments may be less if you refinance. If your new private student loan has a variable interest rate that currently is less than the interest rate on your government loan, your payments may be less now. If rates go up in the future, however, the interest rate and the payments on your private student loan could eventually be greater than the interest rate and payments on your government loan.
  • If you are a borrower with a secure job, emergency savings, strong credit and are unlikely to need any of the options available to distressed borrowers of government loans, a refinance of your government loans into a private student loan may be attractive to you. You should consider the costs and benefits of refinancing carefully before you refinance.
  • If you don’t pay a private student loan as agreed, the lender can refer your loan to a collection agency or sue you for the unpaid amount.
  • Remember also that like government loans, most private loans cannot be discharged if you file bankruptcy unless you can demonstrate that repayment of the loan would cause you an undue hardship. In most bankruptcy courts, proving undue hardship is very difficult for most borrowers.

Back to Refinance Product Information

* Private education and refinance loans are made by University Credit Union.  is not the creditor for these loans and is compensated by University Credit Union for referral.
** Subject to annual review and credit qualification. Must meet school’s Satisfactory Academic Progress (SAP) requirements
† APR = Annual Percentage Rate
‡ The APR will not fall below the floor rate regardless of the index or any additional rate discount
◊ The repayment term is 20 years if your principal balance at repayment is $40,000 or less, and 25 years if your principal balance at repayment is more than $40,000.