Important Disclosures
Please Note: All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required.
Undergraduate
Rates shown eligible for a 0.25% discount for optional enrollment in automatic electronic payments.
Undergraduate students who are:
- U.S. citizens or permanent residents
- At least the age of majority in your state of residence. Please note, in most states, you must be at least 18 years old. You must be 19 years old in Alabama. You must be 21 years old in Mississippi and Puerto Rico. If you are not the age of majority in your state you may qualify with a co-applicant who is or other unique circumstance that would allow you to qualify.
- Continually enrolled in a degree-granting program and meeting the school’s minimum Satisfactory Academic Progress (SAP) criteria.
Should you withdraw during any term or fail to meet SAP requirements, your funding request can be denied, your line of credit may close, and you may enter repayment.- For fall and spring terms, you must be enrolled at least half-time.
- For summer term, you may be enrolled less than half-time.
- Before applying, make sure to check that your school is included in our listing of approved schools.
- Able to meet Associated Credit Union‘s standard underwriting criteria (a co-applicant may be necessary in order for you to meet credit criteria, and may also help you qualify for a lower rate)
- Eligible for credit union membership (you may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded)
The Annual Percentage Rate (APR) for our undergraduate private education line of credit is variable* and is based on the Prime index◊ plus a margin.
The current offered rate† will be between 7.75% and 11.75% APR.
The variable rate repayment term is 20 years if your principal balance at repayment is $40,000 or less, and 25 years if your principal balance at repayment is more than $40,000.
Disclosures
- The Annual Percentage Rate is subject to increase after consummation. The interest rate will be adjusted quarterly, based on changes to the Index. The APR will not exceed 18.00%, or fall below the Floor rate regardless of the Index or any additional rate discount. Any increase in the Index may increase the APR and the amount of your monthly payment.
- The “Index” for the quarter beginning January 1, 2025, is 7.75%, which was the Prime index published in the Wall Street Journal on the first business day of December 2024.
- Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Interest Rate, Margin, Floor, and/or credit approval depends upon the credit qualifications of the student borrower and co-applicant (if applicable). Margin will be disclosed at account opening. Student borrowers may apply with a creditworthy co-applicant which may result in a better chance of approval and/or lower interest rate.
The Annual Percentage Rate (APR) for our undergraduate private education line of credit is fixed* for the life of the loan.
The current offered rate◊ will be between 7.75% and 14.25% APR.
The fixed rate repayment term is 10 years regardless of the amount you borrow. Full repayment begins at the end of the grace period, unless full repayment is selected during enrollment.
Disclosures
- Your interest rate is fixed and your rate and/or credit approval depends upon the credit qualifications of the student borrower or co-applicant (if applicable).
- Your actual rate within the range stated will be disclosed upon approval. Student borrowers may apply with a creditworthy co-applicant which may result in a better chance of approval and/or lower interest rate.
Graduate
Rates shown eligible for a 0.25% discount for optional enrollment in automatic electronic payments.
Graduate students who are:
- U.S. citizens or permanent residents
- At least the age of majority in your state of residence. Please note, in most states, you must be at least 18 years old. You must be 19 years old in Alabama. You must be 21 years old in Mississippi and Puerto Rico. If you are not the age of majority in your state you may qualify with a co-applicant who is or other unique circumstance that would allow you to qualify.
- Continually enrolled in a degree-granting program and meeting the school’s minimum Satisfactory Academic Progress (SAP) criteria.
Should you withdraw during any term or fail to meet SAP requirements, your funding request can be denied, your line of credit may close, and you may enter repayment.- For fall and spring terms, you must be enrolled at least half-time.
- For summer term, you may be enrolled less than half-time.
- Before applying, make sure to check that your school is included in our listing of approved schools
- Able to meet Associated Credit Union‘s standard underwriting criteria (a co-applicant may be necessary in order for you to meet credit criteria, and may also help you qualify for a lower rate)
- Eligible for credit union membership (you may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded)
The Annual Percentage Rate (APR) for our graduate private education line of credit is variable* and is based on the Prime index◊ plus a margin.
The current offered rate† will be between 8.75% and 10.75% APR.
The variable rate repayment term is years regardless of the amount you borrow. Full repayment begins at the end of the grace period, unless full repayment is selected during enrollment.
Disclosures
- The Annual Percentage Rate is subject to increase after consummation. The interest rate will be adjusted quarterly, based on changes to the Index. The APR will not exceed 18.00%, or fall below the Floor rate regardless of the Index or any additional rate discount. Any increase in the Index may increase the APR and the amount of your monthly payment.
- The “Index” for the quarter beginning January 1, 2025, is 7.75%, which was the Prime index published in the Wall Street Journal on the first business day of December 2024.
- Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Interest Rate, Margin, Floor, and/or credit approval depends upon the credit qualifications of the student borrower and co-applicant (if applicable). Margin will be disclosed at account opening. Student borrowers may apply with a creditworthy co-applicant which may result in a better chance of approval and/or lower interest rate.
