Student Loans

Get Help Paying For School!

Almost every student is going to need to take out loans to help pay for school. At SVFCU, we’ll make sure you get the loans you need to continue your education without setting you up for massive debt when you graduate. We have different options to be sure you receive the funds you need. Student Loans provide an opportunity to build your credit. For additional free College Resources regarding saving, planning, finding a career, etc. You can also read about repaying student loans.

Student Loans

We offer an affordable variable-rate loan, serviced in house. The rate is repriced quarterly, based on the Prime Rate (as published in the Wall Street Journal) plus a 3.00% margin with a lifetime cap of 18.00%. The applicant must be a SVFCU member and enrolled in a full or part time program at an institution of higher learning including undergraduate, graduate, and vocational schools.

If qualified, one may borrow up to $10,000 annually to an aggregate of $50,000 over five years. Loan proceeds are restricted to school related costs. A copy of the tuition bill, course schedule, and verification of address are required once per year. Loan amounts for part time and vocational programs will be determined by the tuition bill less any financial aid received.

Sufficient income is needed to meet the loan obligation or a co-signer will be required.

Interest only payments are required until six months after graduation or 30 days after leaving school prior to graduation. The loan will then convert to a repayment of principal plus interest. The entire loan term cannot exceed twelve years. Our student loan options conveniently have no prepayment penalty.

Whether You’re An Undergraduate Or Graduate Student Get Money For School From Sallie Mae®!

Student loans from Albright Credit Union in partnership with Sallie Mae® could help!

Sallie Mae® higher education loans are designed for the needs of undergraduate and graduate students.

  • Competitive interest rates
  • Multiple repayment options
  • No origination fees; no prepayment penalty1

Plus, the graduate loan suite is designed to meet the needs of students in specific fields of study.

Find out which loan is right for you!

Borrow responsibly

We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

These loans are made by Sallie Mae Bank or a lender partner. SoundView Financial Credit Union is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.

Smart Option Student Loan and graduate loan products: These loans are for students at participating degreegranting schools. Smart Option Student Loan information is for undergraduates only. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend a participating school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and provide an unexpired government-issued photo ID to verify their identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

© 2021 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

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Scholarship Program

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Loans

*APR as low as, ask for details. All rates are dependent on your credit rating.