Student Benefits

  • No Origination Fee for all student borrowers.
  • Competitive Interest Rates and with good grades, even lower rates.
  • 1% Interest Rate Reduction once 10% of the loan principal is repaid during the full repayment period.
  • 30-Day No-Fee Return Policy allows you to cancel the loan within 30 days of disbursement without fees or interest.
  • Cosigner Release Available for creditworthy borrowers after 24 consecutive on-time principal + interest payments.

Eligibility Requirements

  • Borrower must be enrolled in an eligible school and pursuing a degree program.
  • Borrower must be a member or join MemberSource Credit Union during the online application process.
  • Borrower and cosigner must be a US Citizen or permanent resident.
  • Students are encouraged to apply with a creditworthy cosigner for a better chance of approval and/or lower interest rate.

Student Benefits

  • No Origination Fee for all student borrowers.
  • Simplify Your Finances with one easy monthly payments.
  • Interest-Only Repayment Option available for the first 4 years followed by 11 years of principal + interest repayment.
  • Lower Payments and Competitive Rates made possible with extended repayment terms.
  • Cosigner Release Available for creditworthy borrowers after 12 consecutive on-time principal + interest payments.

Eligibility Requirements

  • Borrower must have graduated from an eligible school.
  • Borrower must have a reliable, steady income of at least $2,000 per month.
  • Borrower and cosigner must be a US Citizen or permanent resident.
  • Borrower must be a member or join MemberSource Credit Union during the online application process.