Student Loans
At Oregon State Credit Union
From savings and scholarships to loans and grants, we’ll help you fund the next big step in your education.
Let’s help you fund the next big step in your education
KEY BENEFITS
Education first
Tailored options
Guidance and support
Why choose Student Loan support at OSCU?
Paying for school can feel overwhelming, but you don’t have to figure it out alone. From federal aid to private loans, OSCU can help you explore your options and find the right mix to fund your education. In addition to the loan options noted below, consider submitting a free application for Federal Student Aid (FAFSA) form to ensure you’re reviewing all available options.
Smart borrowing
- Federal student loans are often the most affordable option
- Private loans can help fill the gap if more funding is needed
Support along the way
- Local guidance to help you understand your options
- Resources to navigate the financial aid process
Explore OSCU's Student Loan options
Sallie Mae Student Loans*
- Designed for the needs of all types of students, undergraduate and graduate
- Competitive rates, no origination fees, no prepayment penalties
- Multiple repayment options
- Up to 100% coverage of tuition, tech and other fees
Home Equity Line of Credit
- Flexible borrowing: Works like a credit card tied to your home’s equity — you can draw funds as needed
- Variable interest rates Revolving credit: As you repay, funds become available again, which is useful for ongoing or unpredictable expenses
- Interest-only payments during draw period
- Perfect for expenses that come in stages, like tuition payments
- Rates as low as 6.75% APR
- Borrow up to $400,000, depending on your home’s equity
- Enjoy a draw period (timeframe when you can withdraw funds) of up to 10 years, followed by a repayment period of up to 15 years
Personal Line of Credit
- Unsecured loan allowing you to draw funds as needed
- As you repay, funds become available again
- No need to reapply when you need more funds
- Rates as low as 10.75% APR
- No application fees or prepayment penalties
- Borrow up to $50,000 (based on credit qualifications)
- Revolving line of credit with no confined draw period
- No minimum draw amount required
Borrow responsibly.
We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.
These loans are made by Sallie Mae Bank. Oregon State Credit Union is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.
Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. Click here for additional eligibility information about each product.
1 Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.
©2024 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.
Financial Education Center
