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Private Student Loan

cuScholar Private Student Loan

When federal loans don't cover the cost of your college education, the cuScholar Private Student Loan* may be the answer.

Enjoy these great benefits:

  • No origination fee for student borrowers.

  • Competitive interest rates and potential for even lower rates with good grades

  • 1% interest rate reduction after 10% of the loan principal is repaid within the full repayment period.

  • 30-day no-fee return policy so you can cancel the loan within 30 days without fees or interest

  • Cosigner release available for creditworthy borrowers after 24 consecutive on-time principal + interest payments within the full repayment period.

If you meet these requirements:

  • Borrower must be enrolled in an eligible school and pursuing a degree program.

  • Borrower must join a participating credit union during the online application process.

  • Borrower and cosigner must be a U.S. citizen or permanent resident.

Students are encouraged to apply with a creditworthy cosigner to increase the likelihood of approval and/or secure a lower interest rate.

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 *Note: Hughes Federal Credit Union has partnered with cuStudent Loans to offer the cuGrad Private Student Loan Consolidation to its members. As a part of the application and funding process, members will join a different credit union for the purpose of receiving their student loan.

*Private student loans should be used as supplemental funding after exhausting all other sources of financial aid, including grants, scholarships, and federal student loans. Federal loans offer more attractive terms when compared to most other borrowing options, including private student loans. For more information on federal loans, visit

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