Borrowing Process
1
Complete Loan Application
Fill in the necessary information about your school, academic, and financial information.
You will need to provide a letter of acceptance or tuition bill and other academic information.
2
Select or Join a Credit Union
You must be a member of one of the participating credit unions. If you're not a member, you can join one online.
3
Sign Promissory Note
Sign the promissory note electronically and accept the loan terms.
4
Receive the Check
The check will be payable to the school and mailed to you at the mailing address listed in the application.
Use the money to pay for qualified educational expenses.
You even have 30 days to return the loan, no fees, no penalties, no interest!
Borrowing Tips
- Make sure that you exhaust all available federal loan programs before applying for a private student loan.
- Start early! 10 to 12 weeks before the tuition bill is due is a good time to explore your options.
- Borrow only what you require for the current semester. This prevents interest from accruing on interest - saving you money!