Credit Union Student Choice Review

The Credit Union Student Choice Loan is available for many different credit unions. A list of eligible credit unions can be found at http://www.studentchoice.org/find-a-credit-union-lender/. Credit Union Student Choice Loan rates change with most credit unions. It is advisable to visit your credit unions Student Choice website listed on the above link to find your specific rates.

Credit Union Student Choice Loan:

• Rates vary for differing credit union choices.
• Minimum borrowing limits vary for different credit unions.
• Maximum borrowing limits vary for different credit unions.

Interest rates vary for each different credit union. A potential borrower can visit their chosen credit unions Student Choice website by using the link at the top of this page. The minimum borrowing limits are listed on the chosen credit unions Student Choice webpage. Maximum borrowing limits are also listed on the chosen credit unions Student Choice webpage.

Credit Union Student Choice Loan benefits:

• Many credit unions offer a 0.25% rate reduction if the borrower elects for automated payments.
• Because every credit unions rates and limits vary, there are many options for potential borrowers.

Some credit unions offer a 0.25% rate reduction if the borrower elects for automated payments from their checking or savings account. There are many different eligible credit unions listed on the Student Choice website. This means that there are many different loan options available. If you have not joined a credit union then you will be given a chance to join whatever one you choose as long as you meet the eligibility requirements specific to the credit union.

Credit Union Student Choice Loan eligibility requirements:

• The borrower must be a U.S. Citizen or a permanent resident of the USA.
• International students may be eligible for a loan if they have a social security number and a U.S. Citizen or permanent resident cosigner.
• The borrower is subject to a credit check, if their credit score is weak then they will benefit from a cosigner.
• Borrower must be a member of a credit union.

The borrower must be a U.S. Citizen or a permanent resident of the USA. International students can also apply for a loan if they have a social security number and a US Citizen or permanent resident cosigner. A strong credit score is also required, if the borrowers score is low or unestablished having a cosigner will increase their chances of being approved. Because of the nature of the Credit Union Student Choice Loan, the borrower must be a member of a credit union.

Items you will need during the application process:

• A government issued ID, state ID cards and driver licenses are acceptable forms of ID.
• Recent paystubs, if you have a cosigner then they will have to supply these.
• Rent or mortgage payment records.
• Proof of enrollment, usually supplied by the institution you chose.

The application process is free and there are no fees associated with the loan. More information about the Credit Union Student Choice Loan can be found at