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Home > Loans & Mortgages > Student Loans > Student Loan Q&A

Student Loan Q&A

Q: When should I apply for a Private Student Loan?

A: 10 to 12 weeks before the tuition bill is due is a good time to explore your options.

Q: Am I Eligible for a Private Student Loan?

A: Borrower must be a credit union member, as well as:

  • US citizen or permanent resident
  • Enrolled at least half-time in an eligible school
  • Meet minimum credit requirements

Q: What is the importance of a Cosigner?

A: Applying with a creditworthy cosigner not only increases your chance of approval, but also may lead to a lower loan rate.

Q: What are some tips to keep in mind?

A: Remember to:

  • Exhaust all federal loans
  • Get started early
  • Only request the amount you need for the current academic period
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