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  Navy Federal Credit Union Student Loans

Navy Federal Credit Union Student Loans

in Private Student Loans from Navy Federal Credit Union

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Navy Federal Credit Union Student Loans

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Highlights
Highlights
Fixed APR 6.28% - 11.99%
Variable APR 4.74% - 11.39%
Loan Amount $2,000 - $160,000

Navy Federal Credit Union Student Loans Review

Navy Federal Credit Union Student Loans is a private student loan offering by Navy Federal Credit Union, a credit union based in Vienna, VA. Founded in 1933, Navy Federal Credit Union offers student loans in 50 states (and Washington, DC).

What rates does Navy Federal Credit Union Student Loans offer for in-school private student loan?

Navy Federal Credit Union Student Loans has a variable APR that ranges from 4.74% up to 11.39%.

It offers a fixed APR that ranges from 6.28% up to 11.99%.

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 Navy Federal Credit Union Student Loans?

Available loan amounts may vary by applicant but Navy Federal Credit Union Student Loans has a minimum loan amount of $2,000 and offers loans up to $160,000.

Does Navy Federal Credit Union Student Loans charge an origination fee?

No, Navy Federal Credit Union Student Loans 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 Navy Federal Credit Union Student Loans charge prepayment fees?

No, Navy Federal Credit Union Student Loans 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 Navy Federal Credit Union Student Loans offer?

Navy Federal Credit Union Student Loans provides repayment terms ranging from 5 to 20 years.

Navy Federal Credit Union Student Loans offers borrowers unemployment protection. This means that if you lose your job -- or you have just finished school -- your loan payments are placed on a temporary hold.

What type of borrowers will Navy Federal Credit Union Student Loans consider?

Navy Federal Credit Union Student Loans considers loans applications from:

  • undergraduate students
  • graduate students

What do you need to qualify for a loan with Navy Federal Credit Union Student Loans?

Applicants with a credit score of at least 660 can apply for a loan via Navy Federal Credit Union Student Loans.

Note that borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.

Borrower or cosigner must have a minimum income of $15,000 to qualify. Navy Federal Credit Union Student Loans only considers borrowers who are employed.

Only U.S. citizens and permanent residents can apply for a loan.

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

  • Driver's license
  • Proof of identity
  • Proof of citizenship or residence permit
  • Proof of income
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    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 50 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Washington, DC
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Origination Fee  
    No Prepayment Fee  
    Late Fee After (number of days) 15
    Late Fee Amount $20
    Cosigner Optional  
    Credit Score Range 660 - 850
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Minimum Annual Income $15,000
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Verification Documents Required
    • Proof of Identity
    • Proof of Income
    • Proof of Residence
    • References
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Funding Time Range (in days) 1 - 7
    Unemployment Protection  
    Good Student Rewards  
    Payment Options
    • Automatic Payments
    Variable APR 4.74% - 11.39%
    Loan Amount $2K - $160K
    Loan Term 5 - 20 years
    Fixed APR 6.28% - 11.99%
    Up to Cost of Attendance  

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