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Student Loans

With a CEFCU Private Student Loan, you can focus on your future — not on your finances. Whether you're applying for college or graduated, you have financing options to choose from!

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 18* and a U.S. citizen.

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 18* and a U.S. citizen.

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 rate** 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 Day***
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 Day***
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

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

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 co-signer 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. Refer to the Missing Documents tab to see what documents are needed.

More Consolidation Student Loan FAQs

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

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

**Subject to change quarterly.

†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.