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A Better Way to Pay for College
why use our student loan?
The sub-prime mortgage crisis has dramatically
reduced Wall Street's appetite for investing in
consumer debt, and college financing is getting
harder to find. The number of major providers of
private student loans is declining. DCU is stepping
in to fill the void and help college students and their
families cover what federal programs don't.
what's the credit union difference?
DCU exists for a single purpose – to serve our
members. As a not-for-profit financial cooperative,
our credit union can offer better rates and lower
fees than our competitors. If you are not already a
member, visit our web site at dcu.org to find out
how easy it is to join. You can even apply for your
student loan at the same time.
Benefits of Credit Union Student Choice
loans include:
- Zero origination fees
- Lower interest rates
- Deferment of principal AND interest while
in school
- Flexible repayment terms
- Co-signers can be removed after
consistent payments
- Graduated repayment to make monthly
payments more manageable
who is eligible?
Students enrolled at least half-time in a degree granting
program, with a qualified co-borrower. If
you are not already a member of the credit union,
you will need to be eligible for membership. Visit
our web site for more details on eligibility.
how much can i borrow?
Once approved, students can borrow anywhere
from $1,000 up to the actual Cost of Attendance
(COA) less other financial aid. The aggregate
maximum (total amount you can borrow throughout
your college career) is $75,000.
how quickly are the funds disbursed?
Disbursements are sent directly to the school once
school certification is received.
how to apply
Visit our web site at dcu.org and apply online, or
call 800.324.1589 to discuss your specific
situation with a Member Service Representative.
Our Student Loan Call Center is open 24 hours a
day, seven days a week.
Visit our web site at dcu.org and apply online, or call
800.324.1589 to discuss your
specific situation with a
Member Service Representative.
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