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Student Loans

Student Loans

A better way to pay for college – DCU can help fill federal student loan gaps.

At a Glance

As a not-for-profit credit union, our focus is on people, not profits. That means lower rates and convenient repayment structures to help you responsibly manage paying for college.

Benefits

Fills the gap - that federal student loans may leave behind.
Lower loan rates - than most private student loan programs.
Unique line of credit structure - so you can borrow once for your full undergraduate or graduate career.*
AS LOW AS
6.50% APR
RATING
3.5 3.5 / 5 stars

MAXIMUM AMOUNT UNDERGRADUATE

$75,000

MAXIMUM AMOUNT GRADUATE

$100,000
*Subject to credit qualification and annual credit review. Must meet school's Satisfactory Academic Progress (SAP) requirements.

Student Loans - Undergraduate and Graduate Rates - Fixed:

The Annual Percentage Rate for our undergraduate and graduate private education line of credit will be fixed for the life of the loan.

APR¹ APR¹
between 7.50% and 12.75%
APR¹ APR¹
between 7.50% and 12.75%

Rates are effective {currentdate}.

¹APR = Annual Percentage Rate. Rate is fixed and your rate and/or credit approval depends upon the credit qualifications of the student borrower or coborrower (if applicable). 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.

Student Loans - Undergraduate and Graduate Rates - Variable:

No application fees and no prepayment penalties. The Annual Percentage Rate for our undergraduate and graduate private education line of credit is variable¹ and is based on the Prime index² plus a margin.³

Rate Rate APR⁴ APR⁴
As low as Prime + 1.00% between 6.50% and 11.75%
Rate Rate APR⁴ APR⁴
As low as Prime + 1.00% between 6.50% and 11.75%

Rates are effective {currentdate}.

¹The 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. All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice.

²The "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.

³Margin will be disclosed at account opening.

⁴APR= Annual Percentage Rate.  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. 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.

Plan for Your Student Loan

Choose from our easy to use calculators to help manage your student loan.

What Our Members Are Saying

Student Loan

RATINGS 5 5 / 5 stars

This is an excellent product, streamlined approval process, minimal paperwork and disbursement was handled flawlessly.

GolfGuy3231 - Webster, MA

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Convenient

RATINGS 5 5 / 5 stars

DCU’s Student Loan has been very helpful in filling the gaps between federally funded student loans and paying full tuition. It gives my son the ability to create a credit footprint and the responsibility of paying back his own loans.

ksbstn77 - Tyngsborough, MA

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Great Rate

RATINGS 5 5 / 5 stars

The fixed rate I got at DCU was the lowest I could find from private lenders banks and government loans.

Forever Student - Albany, NY

READ MORE REVIEWS

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Online Live Help Hours

MON-FRI: 8:00 AM to 9:00 PM (EST)
SAT: 9:00 AM to 3:00 PM (EST)