
Fill the gap in financial aid!
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Private Student Loan
Education is one of the best long-term investments you can make. It's also one of the most expensive. When federal financial aid isn't enough, consider a Private Student Loan from OCCU.
How to pay for college
If you haven't made a plan to pay for college, don't fret! There are various funding options for college, and making a plan is essential. Here's how to build your plan:
What's the interest rate?
Your exact rate depends on your credit score, but you get to choose whether it changes or stays the same.
Variable rate: Works best with a short-term loan.
Fixed rate: Gives you a set monthly payment.
APR on variable student loan as low as
APR on fixed student loans as low as
Can I qualify?
As the student, you’ll be the primary borrower. To qualify for a Private Student Loan, you must be:
- Enrolled at least half-time
- Older than 18
- US citizen or permanent resident


Do I need a co-signer?
You can skip the cosigner if you have at least:
- Three years of credit history
- 680+ credit score
- 45% or less debt-to-income ratio
Where can I use it?
Maybe you’ve had your school picked out since you were five. Maybe you’re still thinking about it. Either way, you can use your Private Student Loan to fund a degree at any nonprofit two- or four-year public or private higher education institution or trade school.


Borrowing limits
You can borrow a minimum of $3,000 up to $100,000 from OCCU over your entire education career.
We won’t charge you any loan origination or repayment fees. Once the loan enters repayment, we’ll even throw in a 0.25% Annual Percentage Rate (APR) rate reduction with automatic payments.1
How it works
We send the money to your school. They apply it toward your tuition and refund you any extra. You can spend the rest on school-related expenses like housing, books or fees. Once we make the disbursement, your loan starts accruing interest.


Paying it back
You can take up to 15 years to pay back your loan once you are no longer in school. You don’t need to make payments while you’re in school, but your loan will still accrue interest. Our standard, interest-only and fully deferred loans even give you an extra six-month grace period.
1If at any time automatic payments are stopped, payment is returned NSF for 2 months in a row, Borrower is past due or the loan is not in repayment status, the rate discount 0.25% will not be applied. OCCU reserves the right to modify or discontinue Borrower Benefits at its discretion and without notice.
Private Education Loan Variable Rate Application and Solicitation Disclosure
Private Education Loan Fixed Rate Application and Solicitation Disclosure