Student Loans

Student Loan Consolidation

Consolidation Loans for Members Who Have Graduated

You've graduated from college. Now it's time to pay back those student loans. When you refinance your existing student loans with Harrison Federal Credit Union, we'll lower your payments and reduce your interest rate. 

Not only will you get a lower rate, but you'll get the option to choose between a fixed rate and variable rate. 

  • Variable Rate: as low as 2.61% APR (with autopay)*
  • Fixed-Rate: as low as 3.19% APR (with autopay)**

In addition to Harrison Federal Credit Union's underwriting criteria, you must also meet the following eligibility requirements:

  • You and your cosigner (if applicable) are US citizens or permanent residents.
  • You've graduated from an eligible school.
  • You're refinancing private and/or federal loans.
  • If you have loans for exam preparation classes (including LSAT, MCAT, GMAT, and GRE), they're not eligible for refinancing.
  • You're a member of Harrison Federal Credit Union (or become a member during the online application process).

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*APRs for variable rate loans may increase after origination if the LIBOR index increases. See Rates & Terms for additional information. **If you enroll in automatic monthly payments from a personal checking or savings account to pay principal and interest amounts that are due, the Margin will be reduced by 0.25%. This rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is cancelled, any increase will take the form of higher payments. Terms and conditions apply. Loan products, terms, and benefits displayed on this website may be modified or discontinued at any time without notice. Your initial rate will be determined after a review of your application and credit profile. You must be either a U.S. citizen or Permanent Resident in an eligible state, must have graduated from an eligible school, and meet Harrison Federal Credit Union's credit and income requirements to qualify for a loan. Additionally, in order to receive a loan from Harrison Federal Credit Union, you must be a member of Harrison Federal Credit Union. If you are not a member of Harrison Federal Credit Union, you may apply and become a member during the loan application process. Applying with a creditworthy cosigner may result in a better chance of loan approval and/or lower interest rate.

 

Private Student Loans

Members Who Need Funding for School

College is expensive. Tuition, books, room and board - the list goes on and on. You shouldn't have to worry about where the money for everything will come from. Let Harrison FCU take care of it. 

When you finance your education with Harrison FCU, you get:

  • Variable Rate: 2.99% APR (with autopay)*
  • Fixed Rate: 4.99% APR (with autopay)*

Let Harrison FCU take care of all your educational needs.

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*Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of  5 years and is reserved for applicants with FICO scores of at least 810. As of 07/07/2020 student loan refinancing rates range from 2.61% to 5.25% Variable APR with AutoPay and 3.19% to 7.75% Fixed APR with AutoPay.