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DCU Private Student Lending Solutions

A better way to pay for college




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Education Funding

DCU Private Student Lending Solutions

  • Fills the gap that federal student loans may leave behind
  • Reasonable rates and terms
  • Available for undergraduate and MBA programs
  • NEW Student Loan Refinance Program

Please refer to Details and Rates tabs for additional information and important disclosures.

"Great Customer Service"

Open quote Very welcoming, understanding and helpful. I am very satisfied I came in to the branch to ask about student loans. Close quote

— Peter, Lowell, MA

Private Student Lending Details

DCU offers private student lending solutions to help you fill the funding gaps that federal aid can leave behind. By partnering with other credit unions to form Credit Union Student Choice, we are able to offer members lower cost financing options that will help you or a family member achieve your dream of a higher education.

It offers...

  • Lower loan rates than most private student loan programs
  • Zero origination fees
  • More flexible repayment options
  • A convenient line-of-credit that can be used over multiple years.*

To learn more and apply

To learn more, apply, or to try our college planning calculators, visit the DCU Student Lending Center.

To see if your school is eligible, use the Eligible School Locator Tool.

You can also find out more about this product by calling the CU Student Loan call center at 800.324.1589.

*Subject to credit qualification and annual credit review.

DCU Private Student Lending Solutions

No origination fees, no application fees, and no prepayment penalties.

Terms / Features Our Best Rate*
Rate Index Annual Percentage Rate
As low as Prime** plus 2.50% 6.00%

Rates are effective .

*All rates are determined by your personal credit history and payment method. Our Best Rates are for members with the best credit. Other rates may apply.

**The Prime or Index rate is variable and will adjust quarterly (January, April, July, October) on the first of the month using the Prime Rate as published in the Money section of the Wall Street Journal on the first business day of the preceding month. The minimum APR is 6.00%. The maximum APR is 18.00%.

APR = Annual Percentage Rate.


Rated 3.3 out of 5 by 24 reviewers.
Rated 5 out of 5 by forget regular banks: this is the way to bank! I have never had unsatisfactory service at DCU or really at ANY credit union. I used to hate to think about loans and accounts. Since I have been using credit unions, for decades now, I have a whole different attitude. I love DCU. They are local faces with a more personal approach and are open to what members care about. Personally: I like using Secure Loans as a way of managing loans and money. At DCU they are open minded and welcoming. Why go elsewhere? There are plenty of branches in my area too. November 1, 2015
Rated 5 out of 5 by DCU - AKA - Excellence! I have been a DCU member for over 25 years. I would recommend them without hesitation for checking, savings, CD accounts or any type of loan including personal, home equity or car. They have excellent rates and knowledgeable, friendly staff. August 14, 2014
Rated 5 out of 5 by Low interest auto loan I tried to apply for auto loan with various lenders, DCU is the only one which provided me the best interest rate. I never expected that low APR for my credit score and repayment options are simply superb.. June 25, 2014
Rated 5 out of 5 by Easy to fallow online Quick and easy to fallow online instructions. Quick respond and determinantio.DCU Made it easy for us. September 23, 2013
Rated 5 out of 5 by very well customer service very welcoming,understanding and helpful. Am very satsfied.I came in to ask about student loan, got some information but Chrisy spoke of personal loan and we pushed for this. A burden has been lifted,Thanks to DCU.I bank with Bank of America and they couldnt help. December 8, 2011
Rated 5 out of 5 by good services outstanding banking to customer services and immediate response to needed request through out the year May 24, 2011
Rated 5 out of 5 by Student Loan This is an excellent product, streamlined approval proces, minimal paperwork and disbursement was handled flawlessly... Thanks DCU! May 24, 2011
Rated 5 out of 5 by Convenient and very easy to access DCU 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. May 23, 2011
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(20 Questions : 19 Answers)

Product Q&A

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2 answers

how can get

Dear Sir/madam
My son is fulltime student for undergraduate and he has completed two year and now he is junior but i need for next two year (approx $30000)for fee.My son don't have ssn.
State: Massachusetts
Age: 45-54
DCU Member for: 10 to 20 years
5 years, 5 months ago
Member avatar
by
kumar
belirica
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Answer: 
He will need to go to the Social Security Office and obtain a SS# if that is what she is stating, or as the mom, she could take out the student loan for her son and have him agree to help pay it back.
State: Massachusetts
Age: 45-54
DCU Member for: 5 to 10 years
5 years ago
Member avatar
by
Yvette02
Danvers
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Answer: 
DCU offers private student loans through a 3rd party called Student Choice. By partnering with other credit unions to form Credit Union Student Choice, we are able to offer our members lower cost financing options with zero origination fees, lower interest rates, and flexible repayment options.

The loan is designed for under-graduate students enrolled at least half-time in a degree-granting program, and requires a qualified co-signer. Our CU Student Choice website offers all types of educational information for our members including finding out more about Financial Aid options, viewing a list of approved schools, and viewing a list of our most “frequently asked questions”.

Members interested in finding out more or applying for a CU Student Choice loan can visit our website at dcu.studentchoice.org, or they can call 800-324-1589.
State: Massachusetts
5 years, 4 months ago
Member avatar
by
DCU Staff
Marlborough
-1point
0out of 1found this answer helpful.
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My daughter has completed medical school by taking private student loans and she has now joined the residency program as PGY 1 Resident. Both me and my daughter are DCU members
State: Virginia
Age: 55-65
DCU Member for: 5 to 10 years
4 years, 6 months ago
Member avatar
by
Sasi
Herndon
0points
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Answers

Answer: 
DCU offers Bill Consolidation Loans. You may easily apply by choosing the Consumer and Visa link below the Get A Loan area on the left side of our home page or by calling us at 800/328-8797 option 3.
State: Massachusetts
 
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4 years, 6 months ago
Member avatar
by
DCU Staff
Marlborough
0points
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I got a seat at Rochester, USA for MBA. My college starts from August 1st 2012. Since I am new to US, I dont have a SSN.Is there a way I can get the educational loan?
State: Michigan
Age: 25-34
DCU Member for: Haven't joined yet
4 years, 6 months ago
Member avatar
by
Sravan
Troy
0points
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Answers

Answer: 
Education financing may be obtained through Student Choice. You may apply online at http://dcu.studentchoice.org/ or call 800-324-1589 to determine your eligibility even without a Social Security Number.
State: Massachusetts
 
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4 years, 6 months ago
Member avatar
by
DCU Staff
Marlborough
0points
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State: Massachusetts
Age: 18-24
DCU Member for: 1 to 4 years
4 years, 5 months ago
Member avatar
by
kelley
burlington, ma
-1point
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Answer: 
You will want to contact the Student Lending Center directly at 800-324-1589.
State: Massachusetts
4 years, 5 months ago
Member avatar
by
DCU Staff
Marlborough
0points
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It is so frustating that DCU only offers loans for students who are studying business administration and undergraduate programs. Then how would a guy who is doing a certification program get a loan for his study? particularly in my case, I already have a bachelor degree in Radiation therapy and need only to do a 13-15 months certification program as I am from a different country. So, please give me solution
State: Massachusetts
Age: 25-34
DCU Member for: 1 to 4 years
4 years, 4 months ago
Member avatar
by
Croos
Waltham
+1point
1out of 1found this question helpful.
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Answer: 
All of DCU's education financing options may be found on our web site at https://www.dcu.org/prodserv/education.html . If there is no program available to meet your needs, we recommend speaking with your school directly to learn of other options they offer.
State: Massachusetts
4 years, 4 months ago
Member avatar
by
DCU Staff
Marlborough
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"Student Loan"

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

— GolfGuy3231, Webster, MA

Easy Ways To Apply For A Student Lending Loan

  1. Student Lending Center – Learn more, apply, or try our college planning calculators.

"Easy To Apply"

Open quote Quick processing and easy payment options and online access. Close quote

— Jamie, Hooksett, NH

Related Links

  • NEW Student Loan Refinance Program – Refinance and consolidate your private and federal student loans into one manageable loan, setting up one convenient payment!
  • StreetWise Parents' Guide – Provides information on preparing your child for college and other related topics.
  • StreetWise IRA Guide – Provides general information explaining how Individual Retirement Accounts and Coverdell Education Savings Accounts work and what your options are.
  • DCU Financial – Provides a variety of non-traditional options for college planning and savings.
  • DCU Memorial Scholarship Program – Each January, graduating high school seniors can apply for scholarships awarded by DCU.
  • Financial Wellness and Recovery – Learn what DCU can do for you if you are now or think you may soon experience a financial setback. The earlier you contact us, the more we can do to help.