DCU Student Loan Refinance Program

DCU Student Loan Refinance Program Review

DCU Student Loan Refinance Program is a student loan refinance offering by Digital Federal Credit Union, . Founded in 1979, Digital Federal Credit Union offers student loan refinancing in 50 states (and Washington, DC).

DCU Student Loan Refinance Program FAQ

What APRs does DCU Student Loan Refinance Program offer on its student refinancing loans?

The range of APRs you qualify for when refinancing a student loan vary widely by lender and will depend on your creditworthiness and the type of loan you choose. Loans with fixed rates will typically have higher APRs than loans with a variable rate. 

DCU Student Loan Refinance Program offers variable rate APRs that range from 3.25% to 8.75%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 4.25% to 9.75% APR.

Does DCU Student Loan Refinance Program charge an origination fee?

No, DCU Student Loan Refinance Program does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does DCU Student Loan Refinance Program charge prepayment fees?

No, DCU Student Loan Refinance Program does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

What terms does DCU Student Loan Refinance Program offer?

DCU Student Loan Refinance Program provides refinancing loans of 5 to 15 years.

What type of borrowers will DCU Student Loan Refinance Program consider?

DCU Student Loan Refinance Program considers loans applications from:

• undergraduate students
• graduate students
• parents of students
• undergraduate degree holders
• graduate degree holders
• parents of graduates

What do you need to qualify for DCU Student Loan Refinance Program?

DCU Student Loan Refinance Program does not have or does not disclose a minimum annual income eligibility requirement. DCU Student Loan Refinance Program only considers borrowers who are employed. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via DCU Student Loan Refinance Program. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by DCU Student Loan Refinance Program.

To qualify, applicants may need to provide the following documentation:

• Loan payoff statements
• Proof of income
• Government issued photo ID
• Proof of identity
• U.S. tax identification number