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  Educators Credit Union Student Loan

Educators Credit Union Student Loan

in Private Student Loans from Educators Credit Union

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Educators Credit Union Student Loan

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in Private Student Loans from Educators Credit Union

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Highlights
Loan Amount N/A
Fixed APR 4.99% - 7.75%
Variable APR 2.99% - 7.75%

Educators Credit Union Student Loan Review

Educators Credit Union Student Loan is offered by Educators Credit Union, a credit union founded in 1937 and based in Racine, WI. Educators Credit Union Student Loan is available in 1 state across the USA.

Educators Credit Union Student Loan FAQ

What rates does Educators Credit Union Student Loan offer for in-school private student loan?

Educators Credit Union Student Loan has a variable APR that ranges from 2.99% up to 7.75%.

It offers a fixed APR that ranges from 4.99% up to 7.75%.

Rate is quoted with autopay discount*.

Many students have little or no credit history when they start college. By having a parent or other creditworthy individual cosign the loan, the student may improve their chance of approval or qualify for lower interest rates.

How much can you borrow from Educators Credit Union Student Loan?

Available loan amounts may vary by applicant

Does Educators Credit Union Student Loan charge an origination fee?

No, Educators Credit Union Student Loan 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 charge prepayment fees?

No, Educators Credit Union Student Loan 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 offer?

Educators Credit Union Student Loan provides repayment terms ranging from 5 to 20 years.

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

Educators Credit Union Student Loan 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?

Applicants with a credit score of at least 660 and up to 840 may be eligible for Educators Credit Union Student Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for private student loans with Educators Credit Union Student Loan, applicants need a minimum annual income of $24,000 or higher. Educators Credit Union Student Loan will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

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

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

  • Proof of income
  • Driver's license
  • Government issued photo ID
  • Proof of identity
  • Proof of residence
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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
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
Minimum Age 18
Minimum Annual Income $24,000
Minimum Monthly Income $2,000
Verification Documents Required
  • Proof of Income
  • 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
Loan Term 5 - 20 years
Fixed APR 4.99% - 7.75%
Variable APR 2.99% - 7.75%

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SUPERMONEY NET RECOMMENDATION SCORE

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