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Student Loans

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

To learn more, 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 3.25% APR*
Available to Members attending an eligible school at least half time for a 2-4 year degree program
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
View a list of eligible schools

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.