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Personal and Business Banking


Private Student Lending Solution Rates

Fill the education funding gaps with DCU's education lending solutions

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  • Private Lending Solutions

Undergraduate and Graduate Rates - Variable:

No application fees and no prepayment penalties.

The Annual Percentage Rate (APR) for our Undergraduate and Graduate private education line of credit is variable1 and is based on the Prime index2 plus a margin3.

Terms / Features Rates4
Rate Index Annual Percentage Rate5
As low as Prime plus 1.00% between 6.50% and 11.75% APR

Rates are effective .

  1. 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 first 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.
  2. The "Index" for the quarter beginning July 1st, 2019, is 5.50%, which was the Prime index published in the Wall Street Journal on the first business day of June 2019. The interest rate will not exceed 18.00% regardless of the Index.
  3. Margin will be disclosed at account opening.
  4. Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Interest Rate, Margin, Floor, and/or credit approval depends upon the credit qualifications of the student borrower and co-borrower (if applicable). Student borrowers may apply with a creditworthy co-borrower which may result in a better chance of approval and/or lower interest rate.
  5. The APR will not exceed 18.00%, or fall below the Floor rate regardless of the Index. Any increase in the Index may increase the APR and the amount of your monthly payment.

Undergraduate and Graduate Rates - Fixed:

The Annual Percentage Rate (APR) for our Undergraduate and Graduate private education line of credit is fixed1 for the life of the loan.

Fixed Rates2
Annual Percentage Rate
between 7.50% and 12.75% APR

Rates are effective .

  1. Your interest rate is fixed and your rate and/or credit approval depends upon the credit qualifications of the student borrower or coborrower (if applicable).
  2. Your actual rate within the range stated will be disclosed upon approval. Student borrowers may apply with a creditworthy coborrower which may result in a better chance of approval and/or lower interest rate.