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Student Loans

Student loans can help finance your education above and beyond federal funds

Call us at 800-341-9911 or visit an office

A private student loan could be the boost your educational budget needs! Keep your college career on track to reach your graduation goal with help from our student loans. We offer variable-rate student loans with multiple repayment options and terms, including deferred payments. These education loans have no processing or origination fees, and funds are disbursed directly to your school.

Student Loan Features

  • Variable interest rates starting at 5.50% APR*
  • Available to Members attending an eligible school at least half time
  • 12-year repayment term
  • No processing or origination fees
  • Optional deferred payments until after graduation
  • Automatic payment deductions may qualify for a 0.25% APR reduction
  • Cosigner release option after 36 consecutive on-time payments

Student Loan Limits

  • $1,000 minimum amount, with a $10,000 annual limit
  • $40,000 student aggregate limit for Royal Credit Union private loans
  • $80,000 cosigner aggregate limit for student loans
  • Private student loans are only available to borrowers who need additional financing beyond federal student loan amounts

Student Loan Consolidation

Student loan consolidation or student loan refinancing allows you to pay off all of your federal and private loans using a single consolidation loan from Royal. That way you’ll only have one payment to make, and depending on the terms and interest rate you could save money in the long run.

Student Loan Consolidation Features

  • Variable interest rates starting at 5.50% APR*
  • $5,000 minimum to $50,000 maximum amount
  • 15-year repayment term
  • No processing or origination fees
  • No prepayment penalty
  • 10-day grace period after payment due date
  • Automatic payment deductions may qualify for a 0.25% APR reduction
  • Cosigner release option after 36 consecutive on-time payments

Make Payments:

Mail:
University Accounting Services
PO Box 5865
Carol Stream, IL
60197-6491
Call: 800-723-2210
Web: University Accounting Services

Contact Info

Call CuLearn: 1-877-526-6765
Email RCU: studentloans@rcu.org
Call RCU: 715-855-5455 option 1


Helpful Tools

Need help figuring out how much you need to save for college.

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