Student Loans

At Neighbors, we have student loans to meet your education needs. Whether you’re a full-time student, need to balance school with work, or a recent a graduate, we’ll take the time to build a solution that’s right for you.

Private Student Loan

With the escalating cost of college tuition, Neighbors Credit Union provides students and families with a solution by funding higher education when federal loans are not enough. Our Private Student Loan can help pay for all qualified education expenses, including tuition, room and board, books, computers, even past due tuition bills.

Loan Features:

  • Borrow What You Need - Borrow up to $120,000 in undergraduate student loan debt or $160,000 in graduate debt.
  • Competitive Interest Rates - Based on your academic history, your rates may be even lower!
  • Release Your Cosigner1Give more flexibility to your cosigner by releasing them from your loan after making 24 consecutive on-time full principal and interest payments.
  • 15 Minutes and Done - Complete your entire application online in under 15 minutes
  • 0.25% Interest Rate Reduction2Set up recurring monthly payments and enjoy a reduced interest rate. 
  • Cover Your Education Costs - Use your loan for any qualified educational expense including tuition, room & board, books, and even computers.

Student Benefits:

  • No Origination Fee — Why pay us money to process your loan application? We'll never charge you any origination fees.
  • Manage Your Loan — Our online portal lets you check your balance, make payments, and access your account anytime — day or night.
  • Flexible Payment Options — Multiple in-school payment options to select from, including interest-only and $25.00/month payments.

We believe in the future and you deserve the best one possible! Apply today.

Apply Here - New Members     Apply Here - Existing Members     Calculator     Educational Resources

 

Consolidation Student Loan

For recent college graduates currently faced with high interest private student loan debt, Neighbors Credit Union offers a consolidation and refinancing solution. Our Consolidation Student Loan combines loans from multiple lenders into one easy payment to reduce the chance of a missed or late payment. This refinancing option also potentially saves you  money by reducing the interest rate on the existing loans.

Loan Features:

  • Competitive Interest Rates - We can help you replace those high interest rates with a rate that better fits your budget and lifestyle.
  • Flexible Rates and Terms - Pay your loan off quickly, or keep your monthly payments as low as possible — the choice is yours.
  • Borrow What You Need - Refinance up to $125,000 in undergraduate student loan debt or $250,000 in graduate debt.
  • Simplify Your Finances - With one easy monthly payment, you won't need to keep track of multiple bills.
  • 0.25% Interest Rate Reduction2Set up recurring monthly payments and enjoy a reduced interest rate.
  • Interest-Only Repayment3Better manage your expenses and budget by enjoying initial interest-only payments on certain loan terms.

Student Benefits:

  • 15 Minutes & Done — Complete your entire application online in under 15 minutes.
  • Manage Your Loan — Our online portal lets you check your balance, make payments, and access your account anytime — day or night.
  • Release Your Cosigner1 — Give more flexibility to your cosigner by releasing them from your loan after making 12 consecutive on-time full principal and interest payments.
  • No Origination Fee — Why pay us money to process your loan application? We'll never charge you any origination fees.

Apply for your Consolidation Student Loan today - before your student loan grace period is over!

Apply Here - New Members     Apply Here - Existing Members     Calculator     Educational Resources

1Cosigner release is subject to lender approval. In order to qualify, the borrower, alone, must meet the following requirements: (1) make the required number of consecutive, on-time full principal and interest payments as indicated in the borrower's credit agreement during the repayment period (excluding interest-only payments) immediately prior to the request. Any period of forbearance will reset the repayment clock; (2) The account cannot be in delinquent status; (3) The borrower must provide proof of income indicating that he/she meets the income requirements and pass a credit review demonstrating that he/she has a satisfactory credit history and the ability to assume full responsibility of loan repayment; (4) No bankruptcies or foreclosures in the last sixty months; and (5) No loan defaults.

If you enroll in automatic monthly payments from a personal checking or savings account to pay principal and interest amounts that are due, the Margin will be reduced by 0.25%. This rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is cancelled, any increase will take the form of higher payments.

3For 15 year term loans, borrowers may choose to only pay the interest for the first 48 months followed by 11 years of full principal and interest payments. Making interest-only payments will not reduce the principal loan balance, and the amount due will increase when the interest-only period ends.