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A Better Way to Pay for College
Digital Federal Credit Union Now Offers Private Student Loans!

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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