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One Loan. One Payment. Multiple Benefits.

 

Refinance with %%CUName%% and consolidate all of your private and federal student loans (including PLUS loans) into one manageable loan, potentially lowering your monthly payment and reducing your interest rate1 in the process.

 

1Subject to credit qualification and additional criteria, including graduating from an approved school. Loans subject to approval. Rates, terms and conditions subject to change without notice.

 

Borrow up to $%%UCONMax%% with rates starting at %%UCONVarLowAPR5%% APR2

2 APR= Annual Percentage Rate. Click for rate details.

 

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One convenient payment.

Competitive interest rates.

Flexible repayment terms.

Should I Refinance?

 

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Refinancing your student loans may seem like a simple decision. You can consolidate your payments and potentially save money on interest over time. However, refinancing isn’t the best option for everyone. Remember, if you refinance federal student loans, you may lose certain borrower benefits from your original loans. These may include interest rate discounts, principal rebates, or some cancellation benefits that can significantly reduce the cost of repaying your loans.

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What Types of Loans Can You Refinance?

 

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Federal Student Loans

including parent and graduate PLUS loans!

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Private Student Loans

from banks or other lenders, including other consolidation or refinance loans.

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Institutional Student Loans

loans made by colleges to fill funding gaps.

 

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Calculate Your Savings

 

Use our simple student loan refinance calculator to estimate your savings before you apply. 

 

Calculate Your Savings

Benefits of Refinancing

 

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Great Rates

Better rates mean more savings.

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Flexible Terms

Repayment terms that fit your needs.

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1:1 Support

Friendly support when you need it.

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Trusted Lender

Borrow from a lender you can trust.

 

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Current Rates

 

Variable Rate Solution

The current offered rates are1:

5-Year Repayment Term: Between %%UCONVarLowAPR5%% and %%UCONVarHighAPR5%% APR

10-Year Repayment Term: Between %%UCONVarLowAPR10%% and %%UCONVarHighAPR10%% APR

15-Year Repayment Term: Between %%UCONVarLowAPR15%% and %%UCONVarHighAPR15%% APR

The Annual Percentage Rate (APR) for our student loan refinance program is variable2 and is based on the Prime index3 plus a margin. The rate you receive depends upon the credit qualifications of the borrower or cosigner (if applicable) and the repayment term selected. 

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.

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.  

  • 5 year loan term: with a %%UCONVarHighAPR5%% APR, the monthly payment will be $%%UCONVarRepaymentEx5%%. Finance charges will be $%%UCONVarFinanceCharge5%%.

  • 10 year loan term: with a %%UCONVarHighAPR10%% APR, the monthly payment will be $%%UCONVarRepaymentEx10%%. Finance charges will be $%%UCONVarFinanceCharge10%%.

  • 15 year loan term: with a %%UCONVarHighAPR15%% APR, the monthly payment will be $%%UCONVarRepaymentEx15%%. Finance charges will be $%%UCONVarFinanceCharge15%%.

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. 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.

  2. 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 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.

  3. The "Index" for the quarter beginning April 1, 2025, is 7.50%, which was the Prime index published in the Wall Street Journal on the first business day of March 2025.

  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 %%UCONCeiling%%, regardless of the index.

Fixed Rate Solution

The current offered rates5 are:

5-Year Repayment Term: Between %%UCONFixedLowAPR5%% and %%UCONFixedHighAPR5%% APR

10-Year Repayment Term: Between %%UCONFixedLowAPR10%% and %%UCONFixedHighAPR10%% APR

15-Year Repayment Term: Between %%UCONFixedLowAPR15%% and %%UCONFixedHighAPR15%% APR

The Annual Percentage Rate (APR) for our student loan refinance program is fixed6 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. 

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. Contact us for membership details.

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.  

  • 5 year loan term: with a %%UCONFixedHighAPR5%% APR, the monthly payment will be $%%UCONFixedRepaymentEx5%%. Finance charges will be $%%UCONFixedFinanceCharge5%%.

  • 10 year loan term: with a %%UCONFixedHighAPR10%% APR, the monthly payment will be $%%UCONFixedRepaymentEx10%%. Finance charges will be $%%UCONFixedFinanceCharge10%%.

  • 15 year loan term: with a %%UCONFixedHighAPR15%% APR, the monthly payment will be $%%UCONFixedRepaymentEx15%%. Finance charges will be $%%UCONFixedFinanceCharge15%%.

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. 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. 

  2. 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). 

Common Questions

 

  • Is student loan refinance right for me?

     

    If you are a college graduate currently in repayment, a recent college graduate, or a parent who took out student loans for a child, you may want to consider refinancing your student loans. For those with high interest rate student loans, refinancing might be a good way to lower the interest rates on your private or federal student loans (including parent and graduate PLUS). Choosing a new repayment term that fits your needs could help you simplify multiple payments or adjust your repayment terms.

    Refinancing could potentially reduce the amount of interest you pay long term, but be sure to compare your options to determine what solution is right for you. Remember, Federal loans offer some special benefits, for example, public service forgiveness and economic hardship programs, that may not be accessible to you after you refinance. See disclosures for more details.

     

  • What is the difference between refi and consolidation?

     

    A Direct Consolidation Loan from the federal government allows you to consolidate (combine) multiple federal education loans into one loan. The result is a single monthly payment for your federal student loans at one interest rate instead of multiple payments.

    Refinancing your student loans involves working with a private lender like your credit union. This lender will pay off your existing loans (which may include private and federal loans) and combine them through consolidation. You will then make a single loan payment to the new private lender.

     

  • Who is eligible?

     

    • U.S. citizens or permanent residents who have graduated from an approved public or private not-for-profit school*
    • In repayment or grace on one or more outstanding private or federal student loans
    • Able to pass a credit check (a cosigner may be necessary in order for you to meet credit criteria, and may also help you qualify for a lower rate)
    • Eligible for credit union membership (you may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded)

    * Approved schools subject to change.

     

  • What types of loans can I refinance?

     

    All loans being refinanced must be post separation from school.

    Federal Education Loans:

    • Federal Family Education Loan Program (FFELP)
    • Subsidized or Unsubsidized (aka Stafford Loan)
    • Grad or Parent PLUS William D. Ford Direct Loan Program Subsidized or Unsubsidized (aka Direct Stafford Loan)
    • William D. Ford Direct Loan Program Undergraduate, Grad or Parent PLUS
    • Perkins, Nursing or Health Education Assistance (HEAL)
    • Consolidation

    If you choose to refinance a federal loan, you will lose federal student loan benefits such as income driven repayment or loan forgiveness options that may be available on your current federal loan(s). In addition, federal student loans offer deferment and forbearance options that may not available to you if you take out a private refinance loan. You may qualify for a Federal Direct Consolidation Loan. For additional information about a consolidation option for federal loans, contact the Department of Education at: studentloans.gov. See disclosures for more details.

    Private Education Loans: 

    • Undergrad
    • Graduate
    • Consolidation/Refinance

    Institutional Education Loans: 

    • Undergrad
    • Graduate
    • Consolidation/Refinance

     

     

  • What is the difference between fixed and variable rate loans?

     

    Fixed interest rates offer a predictable monthly payment with a rate that doesn’t change over time – you’re locked in at the current rate for the life of your loan. With a fixed rate, you also know exactly how much interest you’ll pay over the life of your loan. Fixed rates may be slightly higher than variable rates, so you’ll need to weigh the benefits of consistency versus a potentially lower variable rate.

    Variable interest rates offer potentially lower starting rates which can result in lower payments, but your interest rate can rise and fall over the life of your loan. That means, your monthly payment and total interest may vary as well. Variable rates may be lower up front with a lower monthly payment, so you’ll need to weigh these benefits versus the consistency of a fixed rate.

     

  • Why borrow from a credit union?

     

    Credit unions are not-for-profit, member-owned financial institutions that exist to serve the financial needs of their member owners. Unlike for-profit banks and lenders, when you borrow from a credit union you’re supporting a local business focused on the needs of its members, not bank stakeholders. Because credit unions aren't focused on making a profit, they value educating each of their members on which financial option would be best for their own situation.

     

Refinancing Success Stories

 

chris

Christopher's Story

I began my student debt with another company who promised the moon and the stars, but the interest they charged and the hidden fees were a nightmare. After 3 years with them, I turned to my credit union.

I refinanced my debt to make the payments manageable for me. My credit union has shown great compassion and have been a real rock for me. In less than a year, I have paid down the loan more than I did in three years with the other company. THREE YEARS -  it is simply amazing! I cannot thank them enough.

megan

Megan's Story

I graduated college with a great deal of student debt due to a lack of education about student loans and how to use them well. I became a credit union member for the sole purpose of consolidating my student loans in an attempt to pay them down more quickly. The helpful staff took time to share with me best practices for someone in my financial situation. I had such a great experience that I decided to move all of my accounts to my credit union, and I’ve been happy with my decision ever since. And the best part is, I’ll be debt free in less than 6 months!.

 

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