Student Loan Consolidation

Get your debt together.

We can help.

Consolidate your federal and private loans into one simple loan payment with a Royal Credit Union loan.

Apply Now

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Enjoy competitive interest rates and many other benefits including:

  • Rates range from 5.25% to 10.25% APR*. This is a variable rate loan and the rate is subject to change.
  • First payment is due 30 days after the disbursal of funds
  • No processing or origination fee
  • 15 year repayment term
  • Rate reduction of .25% with automatic payment deductions
  • Co-signer release option after 36 consecutive on time payments
  • No prepayment penalty
  • 10-day grace period after payment due date
  • $5,000 minimum to $50,000 maximum
How to Apply

To apply for a private student loan you must be an Royal Credit Union Member. (If you are not yet a Member, just stop on in to an office or call 800-341-9911 option 5 to become one.)

A couple of quick tips:

  • When applying, please have current student loan statements readily available.
  • In addition, you (or your co-signer) will need to have a satisfactory credit score, at least five years of credit history, and income sufficient to make payments.
More Information
More Information

Application Process:

Existing Royal Credit Union Private Student Loans:
University Accounting Services

Mail Payments To:

University Accounting Services
PO Box 5865
Carol Stream, IL

The Fine Print
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*APR is Annual Percentage Rate. At 5.25% APR, 180 monthly payments of $8.05 per $1,000 borrowed​.

View our student loan consolidation disclosures.

View our disclosures and service fees.