Private Loan FAQs

Prospective borrowers must be a graduate of an eligible school and must be or become a member of a participating credit union. If you’re currently not a member of a credit union, you will be prompted to select one that you can join during the application process. A borrower or cosigner must have a gross monthly income of $2,000 or greater and meet our credit requirements. Choosing a creditworthy cosigner will increase the likelihood of being approved and may lead to a lower loan rate. You can apply without a cosigner if you meet all of the credit criteria by yourself.
In some instances, a cosigner is required to obtain a Private Student Loan Consolidation. A creditworthy cosigner increases the likelihood of your loan approval and may lead to a lower loan rate. Creditworthy borrowers who meet the credit requirements on their own may apply without a cosigner.
Yes. You can also prepare your own taxes and not pay a tax preparer. You can also file and defend a lawsuit without hiring an attorney. The reason that you do hire these people to help you is to save time and effort, and to ensure that you do not make a mistake. We offer these same benefits to our own clients.

Government Loans FAQ's

To qualify, borrowers must have at least one Direct Loan or Federal Family Education Loan (FFEL) that is in grace, repayment, deferment, or default status. Loans that are in an in-school status cannot be included. Borrowers who do not have Direct Loans may be eligible for a Direct Consolidation Loan if they include at least one FFEL Loan and have been unable to obtain a Federal Consolidation Loan with a FFEL consolidation lender or have been unable to obtain a Federal Consolidation Loan with income-sensitive repayment terms acceptable to them or intend to apply for loan forgiveness under the Public Service Loan Forgiveness Program. Borrowers who have only a Direct Consolidation Loan cannot consolidate again unless they include an additional loan.
Borrowers can consolidate most defaulted education loans, if they make satisfactory repayment arrangements with their current loan holder(s) or agree to repay their new Direct Consolidation Loan under the Income Contingent Repayment Plan or Income Based Repayment Plan.
For loan applications received on or after July 1, 2006, borrowers who are enrolled in school cannot consolidate loans that are in an in-school status. These are loans that have not yet entered or used up the 6-month grace period entitlement. However, borrowers can still consolidate loans that are in grace, repayment, or deferment.