Student Choice Loan Graduate Student Loan Review
Student Choice Loan (Graduate)
Rewards: Autopay Discount and Multi-Year Option
Eligibility: Requires membership with one of their affiliate credit unions
Cosigner Terms: Cosigner is optional
Credit Union Student Choice will connect you with a host of credit union affiliates offering flexible graduate student loans. You’ll notice we haven’t published their rates or terms; that’s because the details of your loan depend on which credit union affiliate you join.
Pros
- No origination fees
- Provides a multi-year borrowing option
- Provides an autopay discount
Cons
- Must join a credit union to borrow
- Specific rates and terms depend on the credit union you join
- You are required to maintain Satisfactory Academic Progress
How does this loan compare?
|
 |
 |
|
|---|---|---|---|
| Rates from (APR) i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time. Interest rates listed include an autopay discount if available. |
Fixed:
3.64% - 11.00%
Variable:
4.99% - 9.00%
|
Fixed:
3.69% - 14.30%
Variable:
5.89% - 15.97%
|
Fixed:
3.47% - 14.49%
1
Variable:
4.99% - 14.49%
1
|
| Loan repayment terms (Years) | Not specified | Up to 15 years | 5, 8, 10, 15 years |
| Cosigner release? | Not specified | None | Yes, after 24 months on-time principal and interest payments |
Full Review
Think of Credit Union Student Choice as an intermediary of sorts. They have a network of credit union affiliates that offer graduate student loans at various rates with certain set standards concerning eligibility and flexibility. You’ll notice we don’t publish a lot of important information on them, and that’s because the details of your loan will depend on the credit union affiliate you choose to borrow from.
Some things you can expect from any credit union you choose in their network: no origination fees, a multi-year option (saving you the hassle of re-applying for financing every year), an autopay discount, and no prepayment penalties. You should also expect to keep your grades up, as these loans require Satisfactory Academic Progress.
The downside: you’ll need to join the credit union affiliate if you seek to borrow from them. It’s not an insurmountable hurdle, but it’s a procedure to follow nonetheless.
Credit Union Student Choice - Private Student Loan Details
- Credit Check: Not specified by lender
- Repayment Terms: Not specified by lender
- Minimum Borrowing Limit: Not specified by lender
- Yearly Borrowing Limit: Not specified by lender
- Aggregate Borrowing Limit: $100,000
- Application Fee: Not specified by lender
- Origination Fee: None
- Prepayment Penalty: None
- Late Fee: Not specified by lender
- Minimum Credit Score: Not specified by lender
- Minimum Annual Income: Not specified by lender
- Citizenship Restriction: Citizens or Residents
- Minimum Enrollment Restriction: Not specified by lender
- List of States where Loan is Not Available: None
- Approved Schools Include: Non-Profit
- Immediate Principal and Interest Repayment: Not specified by lender
- Fixed Monthly Repayment: Not specified by lender
- Interest-Only Repayment: Not specified by lender
- Full Deferment: Yes
- Length of Grace Period: Not specified by lender
- Maximum Deferment Period: Not specified by lender
- Maximum Forbearance Period: Not specified by lender
- Cosigner Release Option: Not specified by lender
- Disability Discharge: Not specified by lender
- US-Based Call Center: Not specified by lender
- Hours of Operation (in addition to weekdays): 24/7
- Application Timeline: Instant credit decision
- Scholarship Search Tool: None
- Sponsors a Scholarship: Not specified by lender
- Job and Career Assistance: Not specified by lender
- Financial Literacy Training: Yes
Other Loans that Credit Union Student Choice Offers:
