Undergraduate Loan Rates & Repayment

Focus on your studies, not your student loans

Choose a payment plan that's right for you. Compare multiple plan options at once with our loan comparison tool. Armed with the right plan, you can focus on school, not your student loans.

Union Federal makes it simple to find a loan that's right for you

The Union Federal Private Student Loan was built with you in mind. It has competitive rates and multiple repayment terms and options that you select within the application. With Union Federal, you get the loan options that work best for your needs.


1 Pick a repayment period
5 years
15 years
10 years

How many years do you want to take to repay your loan? The longer you stretch out your repayment plan, the lower your monthly payments—but you'll also pay more interest over the life of your loan. Choose the repayment term that works for your needs. Our interactive slide can show you how!

2Choose from 1 of 4 repayment options:

Save on interest charges and reduce the total amount you will pay for your loan by making payments on both interest and the loan balance while you're in school. This option helps you start building your credit history right away.

Save on interest charges by making interest only payments while you're still in school. This option lets you pay down your interest while you're taking classes. You may also be eligible to deduct your paid student loan interest on your taxes.

Pay $25 a month while you're in school and defer full principal and interest payments until after graduation. Student Starter also helps you build your credit history right away. This option is a great way to get in the habit of making payments on your loan and helps you pay some of the interest that accrues while you are in school. 6

Defer all payments until after you graduate. You won't have to make payments on the interest or principal while you're in school, though you can make a payment at any time without penalty.

3View Example Repayment Examples7, 8

Want to see the impact your choices may have on your repayment? Make changes above in Steps 1 & 2 to see the new estimates in the boxes below.

  Lowest Rate Highest Rate
Loan Amount9 $10,000 $10,000
Interest Rate Type10 Variable Variable
Current Interest Rate11 - -
APR12 - -
Origination Fee - -
Monthly Payment
(while in school)13
- -
Monthly Payment
(during repayment)14
- -
Deferment Period
(in months)15
- -
Repayment Period
(in months)16
- -
Estimated Loan Payment Total17 - -

By covering your education costs with a customizable private student loan, you can focus on getting your degree, instead of worrying about how to pay for it.

Apply Now