Introducing Student Loans from Providence FCU!
Apply for a student loan or refinance your current loans
We'll guide you to borrow responsibly and make a money smart choice about refinancing. Because at Providence Federal Credit Union, we care about your financial health.
LEARN ABOUT YOUR STUDENT LOAN OR REFINANCING OPTIONS
Deciding how to pay for college is often the first real financial hurdle you’ll face as a young adult. Once you graduate, you’ll have another important decision to make – to refinance or not to refinance.
Providence Federal Credit Union wants to help you borrow responsibly – and be smart about paying off debt. That’s why we now offer private student loans and education refinancing options.
Based on where you are on your financial journey, ask yourself:
See if refinancing your student loans can save you money. For loans in process call 866-791-6432
CHECK OUR LIST OF ELIGIBLE COLLEGES
Providence Federal Credit Union’s college loan options are offered to help cover the costs of hundreds of schools. Check to see if the college of your choice is on the list.
LEARN ABOUT YOUR STUDENT LOAN OPTIONS
When you’re looking at ways to pay for college, start by maximizing your savings and free financial aid. Also consider a part-time job or paid work-study. If these financial sources aren’t enough, a student loan may be a smart option.
Student loans can come from:
These federal student loans are made or guaranteed by the Department of Education:
Private student loans may help bridge the funding gap when all other sources fall short of what you need to pay for college. A Providence Private Student Loan is meant to complement federal student loans and other financial aid if you still need funds to pay for your first-choice school.
LEARN ABOUT YOUR REFINANCE OPTIONS
Refinancing lets you combine all of your student loans – including undergrad and graduate, and federal and private – into one new refinance loan. One loan means just one monthly payment and can result in a lower monthly payment overall.
The main reasons graduates refinance their student loans are to:
1. Save money with lower interest rates. Lower interest rates can mean lower monthly payments. More money for your monthly budget.2. Take advantage of flexible loan repayment options. Providence Federal Credit Union offers:
A Providence Federal Refi Loan makes refinancing simple and easy – and there are no origination fees.
After reviewing the reasons to think about refinancing now, ask yourself the following questions before making your final decision.
Your federal student loans may have certain repayment options or loan forgiveness plans that you may no longer have if you refinance. Example: If you have a lower income or lose your job, you may be eligible for plans that cap what you have to pay each month.
If you have a job and have been responsible with your finances and paying down debt, lenders may see that you have a track record of handling money wisely. With a credit score of about 660 or higher and a steady income to support your loan repayment, you may be a good candidate for refinancing.
Refinancing may save you a lot of money over the term of a loan. Having a plan for those extra dollars can help you find financial balance in this new stage of your life. When you think intentionally about every dollar, you can do more with what you have!
We’ll help you borrow responsibly – not too much; not too little. So you can breathe easier now and minimize your payments after graduation.
You can look to us as your go-to guide for refinancing, too. If we can save you money, we’ll show you how much and walk you through the process to keep things simple for you. If refinancing isn’t a good fit, we’ll let you know that upfront. It’s all part of putting people before profits.
At Providence FCU, your goals and financial health come first – always.