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Student Loans

We are pleased to announce a new and improved online application!

With a CEFCU Student Loan, you can take the stress out of finances and focus on your future! Whether your journey is still on campus or past the university halls, CEFCU has the right options to meet you where you are!

Start with Red Kite!

Financial aid can be confusing, but Red Kite makes it simple! Just start by answering some questions about yourself. Then, Red Kite looks through $20 billion in scholarships to find the ones you could qualify for. Save on your college expenses, with Red Kite. Get started today at myredkite.com.

Then, look to CEFCU to help you bridge the gap in your college expenses! Choose an option that's right for you:

Private Student Loans

Choose a Private Student Loan if you’re in school at least half-time at an accredited college or university. You must be over 181 and a U.S. citizen.2

Apply for a Private Student Loan

Consolidation Student Loans

Consider this option if you're a college grad who wants to combine federal and/or private student loans into one convenient payment. You must be over 181 and a U.S. citizen.2

Apply for a Consolidation Student Loan

Why CEFCU?

Affordable

There are no processing fees, no origination fees, and no prepayment penalties.
You also get a competitive, variable rate3 with .50% rate discount with auto payments.

Independence

After 48 consecutive months of on-time payments, a cosigner can be removed.

Ownership

When business is better than expected, earnings go back to our member/owners. Since 2000, CEFCU has returned $280 million! Owning is better!

Convenience

From online and mobile banking, see what options are right for you.

Timelines

Private Student Loans

  1. Apply & Submit
    Preliminary Credit Decision In 1 Day4
  2. Evaluate Borrower's Credit
    Up to 4 Business Days
  3. School Enrollment Certification
    Dependent on School's Response
  4. Loan Acceptance
    Up to 6 Business Days
  5. Loan Funding
    Up to 7 Business Days

Consolidation Student Loans

  1. Apply & Submit
    Preliminary Credit Decision In 1 Day4
  2. Evaluate Borrower's Credit
    Up to 4 Business Days
  3. Loan Acceptance
    Up to 6 Business Days
  4. Loan Funding
    Up to 7 Business Days

FAQs

Private Student Loans

  • How do I know if I'm eligible to apply for the Private Student Loan?

    In addition to being a CEFCU member, you must meet credit requirement qualifications applicable at the time the loan is reviewed. In addition, you must be:

    • Enrolled, planning to enroll, or admitted to an eligible school at least half-time.
    • In a program which is eligible for Federal financial aid.
    • A U.S. citizen/national or eligible non-citizen.

More Private Student Loan FAQs

Consolidation Student Loans

  • Am I eligible to apply for the Consolidation Student Loan?

    In addition to being a CEFCU member, you must meet credit requirement qualifications applicable at the time the loan is reviewed. In addition, you must be a U.S. citizen/national or eligible non-citizen.

    If you are a foreign student, you must have a cosigner who is a U.S. citizen or permanent resident with a mailing address in the United States and a valid Social Security number.

  • What documentation will I need to provide?

    You will need to provide a current statement for each of the loans you wish to consolidate. We also may request a copy of documents, such as a driver's license or your last two pay stubs.

More Consolidation Student Loan FAQs

Features & Benefits

Online & Mobile Banking

Check balances, transfer money, and more 24/7.

ATMs

Use nearly 30,000 fee-free ATMs.

Digital Wallets

Shop and pay the quick and secure way with digital wallets.

eStatements

Go green and enjoy convenient, secure statement access.

Disclosures

If you are a foreign student, you must have a cosigner who is a U.S. citizen or permanent resident with a mailing address in the United States and a valid Social Security number.

If you live outside the area, you will need to provide your local address at school when applying for membership.

Private Education Loan Application and Solicitation Disclosure
Consolidation Loan Application Federal Disclosure
Consolidation Student Loan Application and Solicitation Disclosure

1 Or have attained the age of majority in the state where you reside.

2 If you’re not a citizen yourself, you’ll need a cosigner who is a U.S. citizen or permanent resident with a mailing address in the United States and a valid Social Security number.

3 Subject to change quarterly.

4 Assuming borrower and cosigner (if applicable) have submitted a completed application.