Recognizing the need for private student loans for its members, Members Credit Union now offers a funding solution to students and their families with the EdAccess private student loan, which is available through cuStudentLoans.org.
With college enrollment at an all time high, paired with the escalating cost of tuition, cuStudentLoans.org provides families with a complimentary product to assist them with funding higher education. The EdAccess loan can help pay for all qualified education expenses, including tuition, room and board, books, computers, even past due tuition bills. This private student loan option also includes a unique financial literacy component that helps students learn good credit habits and build their credit scores while they are still in school.
Private Student Loan Benefits:
- Zero origination fee for qualified student borrowers
- Low rates, and with good grades get even lower rates
- 1% interest rate reduction once you repay 10% of the loan
- 30-day no-fee return policy allows you to cancel the loan if you find a better option
- No cosigner required for qualified student borrowers
- Email statement and small monthly $25 payment that help build a credit score
while still in college
