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Private Student Loan

Have college costs left you a little short? Let SEFCU fill the gap with a Private Student loan.

If the thought of paying for college tuition has you running scared, SEFCU's Private Student loan is an option to help bridge the gap and make the dream of higher education a reality!

Is a SEFCU Private Student loan right for you?

This loan option fills the funding gap for students that federal loans, financial aid, and scholarships have left behind. Loan funds need to be applied toward tuition and room and board expenses. The college or university must be accredited and listed on SEFCU's approved school list.

Repayment options

Repayment options include a monthly automatic transfer from a SEFCU account. While the student is enrolled (at least half-time) in school, his/her loan payment will be the greater of the interest amount due or $35. Full principal and interest payments begin six months after graduation, or when the student is no longer enrolled in school.

What do I need to apply?

  • Proof of student maintaining a minimum GPA of 2.0
  • Proof of income
  • Copy of the college or university award letter
  • Copy of tuition bill
  • Self-certification form
  • Enrollment in SEFCU's Campus Connect program

Paying the school

Once you're approved for the loan and all documents are signed, SEFCU will send the funds directly to the college or university for the approved amount. Payments will be made at the beginning of each semester as long as all requirements are met.

Loan types

We offer fixed- and variable-rate Private Student loans with competitive rates. A SEFCU representative can explain the differences and help you select the one that's right for you. If credit qualified, you can borrow from $2,000 up to $30,000 to achieve the dream of higher education.

Frequently asked questions

Keep reading to get the answers to some frequently asked questions about SEFCU's Private Student loan and download a copy of our "Paying for College" brochure.

Helpful resources
Deciding how you're going to pay for college can be confusing and difficult. Below are some links to helpful resources that can help you navigate the process.

Federal Student Loan sites
Free Application for Federal Student Aid (FAFSA)
Teacher Loan Forgiveness

Federal Grants

SEFCU Scholarships
Federal Scholarships

Apply for a Private Student loan today!