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  Educators Credit Union Student Loan Refinancing

Educators Credit Union Student Loan Refinancing

in Student Loan Refinancing from Educators Credit Union

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Educators Credit Union Student Loan Refinancing

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in Student Loan Refinancing from Educators Credit Union

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Highlights
Loan Amount $5,000 - $300,000
Loan Term (Years) 5 - 20 years
Fixed APR 2.99% - 7.75%
Variable APR 1.99% - 5.25%

Educators Credit Union Student Loan Refinancing Review

Educators Credit Union Student Loan Refinancing is a student loan refinance offering by Educators Credit Union, . Founded in 1937, Educators Credit Union offers student loan refinancing in 1 state across the USA.

Educators Credit Union Student Loan Refinancing FAQ

What APRs does Educators Credit Union Student Loan Refinancing 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. 

Educators Credit Union Student Loan Refinancing offers variable rate APRs that range from 1.99% to 5.25%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 2.99% to 7.75% APR.

How much can you borrow via Educators Credit Union Student Loan Refinancing?

Loan amounts start at $5,000 and go up to $300,000

Does Educators Credit Union Student Loan Refinancing charge an origination fee?

No, Educators Credit Union Student Loan Refinancing 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 Educators Credit Union Student Loan Refinancing charge prepayment fees?

No, Educators Credit Union Student Loan Refinancing 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 Educators Credit Union Student Loan Refinancing offer?

Educators Credit Union Student Loan Refinancing provides refinancing loans of 5 to 20 years.

What type of borrowers will Educators Credit Union Student Loan Refinancing consider?

Educators Credit Union Student Loan Refinancing 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 Educators Credit Union Student Loan Refinancing?

Applicants with a credit score of at least 660 and up to 840 may be eligible for Educators Credit Union Student Loan Refinancing.

To qualify for student loan refinancing with Educators Credit Union Student Loan Refinancing, applicants need a minimum annual income of $24,000 or higher. Educators Credit Union Student Loan Refinancing will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. 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 Educators Credit Union Student Loan Refinancing. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Educators Credit Union Student Loan Refinancing. Permanent resident / green card holders are also eligible to apply.

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

  • Proof of graduation
  • Proof of income
  • Driver's license
  • Government issued photo ID
  • Proof of identity
  • Proof of residence

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 1 state
Wisconsin
Availabile in all of Wisconsin

Feature Breakdown

Application Fee $0
No Origination Fee  
No Prepayment Fee  
Origination Fee (%) 0%
Co-signing Allowed  
Cosigner Optional  
Credit Score Range 660 - 840
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Annual Income $24,000
Verification Documents Required
  • Proof of Income
  • Proof of Graduation
  • Proof of Identity
  • Proof of Residence
  • Government Issued Photo ID
  • Social Security Number
  • Driver License (or other photo ID)
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options
  • Automatic Payments
  • Check by mail
  • Bank Transfer
Fixed APR 2.99% - 7.75%
Loan Amount $5,000 - $300,000
Variable APR 1.99% - 5.25%
Loan Term 5 - 20 years

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