Helping your students succeed
Variable Rate Private Student Loan
As low as 3.78% APR*
Fixed Rate Private Student Loan
As low as 5.95% APR*
When federal student loans are not enough, CoVantage Credit Union can help members or individuals who qualify for
membership with a Private Student Loan to cover the cost of education at eligible schools,** which may include the following:
Tuition and fees.
Books, supplies, and miscellaneous personal expenses as determined by the school.
Room and board.
Dependent care as approved by your school.
Loan amount certified by school will not exceed your cost of attendance less other financial aid.
We recommend that you take advantage of other options for education funding, in addition to private student loans. Federal financial aid, provided by the U.S. Department of Education, may be your lowest cost option. For more information regarding federal student loans, contact your school’s financial aid office or go to the
Department of Education website. (By clicking on this link, you will be leaving our website.)
Fixed and variable interest rate options
Borrow up to $12,500 annually; $40,000 lifetime
No origination, repayment, disbursement, or insurance fees
No prepayment penalty
.25% interest rate reduction with automatic payments***
Several repayment options including deferred payments while in school at least half-time
6-month grace period before repayment begins
10 year repayment term
|Day 1||You complete the online application|
|Days 2-7||Cosigner Signs Application
Days 8-9||Application Reviewed|
|Day 10||Certification Request Sent to Your School|
School Certification Received|
Day 31||Approval Disclosure to Student|
Day 34||Final Disclosure to Student|
Day 42||First Disbursement Sent to School|