The Credit You Deserve

In hopes of improving the economic value found in private student lending, several of the nation's leading credit unions have come together to form Credit Union Student Choice and help students lower their overall cost of higher education. Unlike for-profit lenders, credit unions exist only to serve the best interests of their members-not to maximize profit for shareholders. This allows credit unions to offer lower interest rates and fees than other, more traditional "private" lenders. The revolutionary new loan solution created by Student Choice can help you fill the funding gaps that federal student loans can leave behind, without the higher price tag commonly associated with "private loans."

Our Graduate Business private student loan solution:

• Is meant to fill the funding gap AFTER all other lower cost sources of financial aid (scholarships, grants, federal student loans) have been exhausted. Make sure you are borrowing wisely!
• Offers zero origination fees and lower rates than many other lenders.
• Allows for fully deferred payment while in school (optional).
• Gives Business students a Line-of-Credit (LOC) which can be used over the course of the program. With one application, you'll qualify you for a LOC that can be used for the remainder of your approved Business program (up to $100,000).* In conjunction with your school, you'll determine how much of the eligible LOC amount we should send to your school during disbursement periods.
• Offers flexible repayment options resulting in lower initial payments after graduation.
• Gives you the chance to reduce your interest rate by 0.25% during full repayment when you enroll in automatic payment.
• Gives you a lender relationship you can trust - as your loan will be granted and held by your not-for-profit credit union.

By choosing your credit union's program over other alternative lenders, you'll enjoy significant cost-savings and consumer-friendly terms.

Learn more below or view our more detailed Frequently Asked Questions page.

Who's eligible?
Graduate Business Students enrolled full-time in a Business Graduate degree-granting program at an approved public or private non-profit school. View a listing of our approved schools to see if your school is included before you apply.
NOTE: Approved schools are subject to change. If you are not already a member of a credit union that offers the Student Choice loan, you and your co-borrower will need to join a participating credit union in order to receive a funded loan.

How much can I borrow?
Once approved, students can borrow from $1,000 up to the cost of attendance less any other aid received. The total amount the student can borrow throughout their graduate career is $100,000.

What will the loan rate be?
Loan rates are determined by the individual credit unions that offer the Student Choice loan. You will be quoted your specific rate after you are approved for the loan. Note: There is no obligation to take the loan once you apply and are approved. We encourage you to apply and evaluate your options before making a final decision.

How are rates determined?
Rates are variable and reset quarterly. They are also dependent on your credit and, if applicable, the credit of your co-borrower.

How quickly are funds disbursed?
Funds will be disbursed directly to the school, at the time the school specifies. The requested funds date varies from school to school. We will verify this date with the school.

How do I apply?

• Determine if you (or an immediate family member) are already a member of one of the credit unions that offer a Student Choice Graduate Business loan solution.

• If you're not a member, you will need to join one of these credit unions to receive funding.

• Once you have determined the credit union you would like to join and borrow from, visit that credit union's Student Choice website to learn more and apply.