USPS Federal Credit Union Student Loan Refinance

USPS Federal Credit Union Student Loan Refinance Review

USPS Federal Credit Union Student Loan Refinance is a student loan refinance offering by USPS Federal Credit Union, . Founded in 1934, USPS Federal Credit Union offers student loan refinancing in 50 states (and Washington, DC).

USPS Federal Credit Union Student Loan Refinance FAQ

What APRs does USPS Federal Credit Union Student Loan Refinance 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. 

USPS Federal Credit Union Student Loan Refinance offers variable rate APRs that range from 5.75% to 10.25%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 4.50% to 9.75% APR.

Does USPS Federal Credit Union Student Loan Refinance charge an origination fee?

Yes, USPS Federal Credit Union Student Loan Refinance charges 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 USPS Federal Credit Union Student Loan Refinance charge prepayment fees?

Yes, USPS Federal Credit Union Student Loan Refinance charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What terms does USPS Federal Credit Union Student Loan Refinance offer?

USPS Federal Credit Union Student Loan Refinance provides refinancing loans of 5 to 15 years.

What type of borrowers will USPS Federal Credit Union Student Loan Refinance consider?

USPS Federal Credit Union Student Loan Refinance considers loans applications from:

• graduate students
• undergraduate degree holders
• graduate degree holders

What do you need to qualify for USPS Federal Credit Union Student Loan Refinance?

USPS Federal Credit Union Student Loan Refinance does not have or does not disclose a minimum annual income eligibility requirement. USPS Federal Credit Union Student Loan Refinance 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 USPS Federal Credit Union Student Loan Refinance. 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 USPS Federal Credit Union Student Loan Refinance.

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

• Driver's license
• Government issued photo ID
• Proof of identity
• Proof of citizenship or residence permit