Student Loan Rates

The student loan rates appearing below are effective as indicated and is subject to immediate change by Board action if necessary, due to circumstances not known at this time. If you have any questions or require current rate information on your account please give us a call or stop by any of our offices.

Student Loan Rates effective as of: February 1, 2012.

FACS Grade Base Rate*
(Prime Rate)		 Loan Margin Upfront Fee
(Changed only once at origination)
Platinum Honors 3.25% 0.25% 2.50%
Platinum Plus 3.25% 1.50% 2.50%
Gold Honors 3.25% 2.75% 2.50%
Gold Plus 3.25% 3.75% 2.50%
Silver Honors 3.25% 4.75% 2.50%
Silver Plus 3.25% 5.75% 2.50%

NOTE: There is a 6% floor on the loan rate. If the Base Rate + Loan Margin is less than 6%, the loan rate will be 6%.

* The Prime Rate for the Education Loan is equal to the average of the Prime rates as published in Wall Street Journal for the three (3) months immediately preceding each quarterly adjustment date. Interest rates will adjust quarterly on the first day of January, April, July, and October.

Each loan will be assigned an FACS grade which will be determined using borrower and cosigner's credit bureau data as well as various academic characteristics of the student borrower including Class standing, GPA, Program type and more.


Borrowers: Before considering a HFS FCU Private Student Loan, please exhaust federal loans, which in most cases will cost less.

What do I pay as a borrower?

Upfront Fee: The Upfront Fee is charged one time at loan disbursement.

Note: The Upfront Fee is added to your principal balance, so you do not pay anything out of pocket when you take the loan.

Loan Interest Rate: The interest rate on your loan is: Base Rate + Margin

We will show you the loan APR before you approve the loan request. The APR takes into account all the fees you pay including the upfront fee and should be used when comparing the HFS FCU Loan to other private student loans.

More Information

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