Apply online now. A Union Federal Private Student Loan is a smart way to cover college essentials.
We understand that financing your education can be stressful, but we're here to help with flexible options. The sooner you start filling out our simple application the sooner you can relax. We've been helping students like you for years, and we can help you too.
Current Variable Rates
Current Fixed Rates
How rates are determined
- Borrower's and cosigner's (if applicable) credit histories
- The repayment option and loan term selected
- The requested loan amount and other information provided on the online loan application
- Choose what's best for you: upon approval, applicants can compare loan options to determine the impact to their monthly payment amount and total loan cost
- Choice of rate type: fixed or variable
- Choice of loan term1
- Choice of repayment option: 1
- Refinance existing private student loans6 into a new Union Federal Private Student Loan with the In-School Refinance Option
Choose from the options below to see how different solutions can affect a loan.
(without auto pay)
(without auto pay)
|Current Interest Rate|
|Monthly Payment (while in school)|
|Monthly Payment (during repayment)|
|Deferment Period (in months)|
|Repayment Period (in months)|
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Am I eligible?
A Union Federal Private Student Loan can help pay for books, lab fees, and other expenses. Eligibility requirements for the student:
- Be enrolled at least half-time at a title IV eligible institution in a degree-granting program
- Be the legal age of majority, or at least 17 years of age at the time of application if applying with a cosigner who meets the age of majority requirements in the cosigner's state of residence1
- Have a good credit record, with no student loan defaults or bankruptcies
- Have positive income, or a creditworthy cosigner with positive income
- Be a U.S. citizen or permanent resident, unless you are an eligible international student applying with an eligible cosigner who is a U.S. citizen or permanent resident alien. The Union Federal Private Student Loan is not available to students or cosigners whose permanent residency state is Iowa or Wisconsin.
Cosigners are great.
If someone with a good credit history is a cosigner, your application for a Union Federal Private Student Loan is more likely to be approved. A cosigner can be an eligible parent, guardian, friend, etc.
Use this checklist to help you prepare to complete the online application process.
- Personal information (name, Social Security number, date of birth)
- Address (mailing address and permanent address)
- Phone number(s)
- Email address
- Personal reference (name, address, phone)
- School information (name of school, cost of attendance, grade level, expected graduation date)
- Loan information (amount needed and when)
- Income information for the cosigner or student (on a cosigned loan, income is not required of the student but is of the cosigner; for a student applying on their own, income is required of the student)
- Payoff Documentation (only required for students opting to refinance private student loans6) - learn more about the In-School Refinance Option