Here are some important items to keep in mind before you begin the cosigning process for a student currently in school.
Application in Process.The student you are cosigning for should have submitted his/her loan application before you log in to actually sign the application.
Creating User ID.If this is the first time you are cosigning for a USC Credit Union Private Student Loan, you will need to register as a new user on the website. Note: Your Web Branch ID and password will not work. Select Register and complete the required information. After you've registered, you will see the loan application where you are listed as the cosigner. Follow the messages to complete the application.
Signing the Promissory Note.You can electronically sign the promissory note or print, sign and mail it for processing.
Before you start an application, you will need the following:
Identification and Contact Information— Your Social Security number, driver's license number, permanent and school addresses, phone numbers and email address.
Employment Information— Your annual salary and employer's name, address and phone number.
Cosigner's Information— You will need to provide all the information listed above for your cosigner. You cannot submit your application for consideration/review unless both your information and your cosigner's information is complete.
Contact Information for Nearest Adult Relative— Name, address and phone number. Note: Relative cannot live at same address as you or your cosigner, or be the cosigner.
Student Loan Rates as low as 2.42% APR*
A Private Education Loan Just for Students
Your financial aid package may not cover the entire cost of your undergraduate or graduate education. Fortunately, as a Trojan Family member, you can fill in the gap with an affordable Collegiate Choice® loan exclusively from USC Credit Union. Compare our current rates and you’ll see why members look to us first.
No late payment, app, origination, or pre-payment fees.
Pay Past Due Balances
Settle balances from the previous academic year.
Multiple Payment Options
Choose deferred, interest-only, or immediate payments.
Quick Application Process
Apply online and get a decision in as little as 15 minutes.
Lower Your Rate
Receive a 0.25% rate discount by enrolling in AutoPay.
24/7 Account Access
Access your loan status any time from your phone, laptop, or tablet.
I love banking with USCCU vs the Big Banks. Everything's much easier and they're much more personal vs big banks who make you feel like just a number. I've dealt with credit unions before but USCCU is truly one of a kind! Great service and better rates!
Yelp Reveiw (1/21/2015)
USC Credit Union is always looking out for your best interests. The staff is always professional, friendly and efficient. I love banking with USC Credit Union!
Yelp Review (3/16/2015)
I opened my first account with USC Credit Union in 1998 as a freshman; and have been extremely satified with their professionalism and efficiency. I love USCCU and have not had a better experience with any other bank. Fight On!
»Private Student Loan- Variable Rates collected from competitor sites on 04/7/2016. Subject to change.
Features and Benefits
When it comes to providing bank-beating rates, we deliver. We pride ourselves on our exceptional service without the hidden fees and gimmicks of all those big banks. We do so with the Trojan family in mind because at USC Credit Union you are more than a customer—you're family.
Key Benefits include:
Bank-Beating Rates as low as 2.42% APR*
NO late payment, application, origination, or pre-payment fees.
3 Easy Payment Options
Borrow up to $35,000 annually and max limit of $140,000
A 0.25% interest rate discount with AutoPay enrollment
Fast Application Process
Am I eligible?
To be eligible for a the Collegiate Choice® loan, you must meet the following requirements.
Must be 18 or older
Be admitted or enrolled at least half-time at an eligible 4 year college or university
Be a U.S. citizen or permanent resident; or
Have a cosigner that is either a U.S. citizen or permanent resident
Note: Most students require a cosigner to meet minimum credit score and income requirements.
Fast Application Process.
Complete your application in less than 15 minutes and be on your way to savings. Be sure to review the application checklist before applying.
Get the funds you need in just 4 easy steps:
Apply online in just a few minutes
Consider adding a cosigner
Sign your loan documents
Accept your terms and you're done!
Add a Cosigner. Get a Lower Rate!
Most students do not meet our minimum credit history, income and credit score requirements on their own. A co-signer’s income and credit score can help strengthen your loan request, and may even lead to securing a lower rate. Rates are based in part on credit score, so if your co-signer has a better credit score we will use their score to establish the rate on your loan. And, after 36 consecutive on-time monthly payments, you will have the option to release the co-signer from your loan.
We are happy to service your student lending needs. Let our team of professionals guide you through the application
process or go straight to the application and be on your way to reaching your educational dreams.
Terms and Conditions:
Membership is required. Must qualify for USC Credit Union membership. Membership fee may apply; please call (877) 670-5860 or visit www.USCcreditunion.org to confirm eligibility. Must be 18 years old or older. Must pass Chexsystem. All accounts are subject to an approval process.
*Annual Percentage Rate (APR) is effective 4/1/16 - 6/30/2016, may vary depending on each individual’s credit history and underwriting factors, includes the 0.25% interest rate reduction and must sign up for automatic payments through University Accounting Services. If at any time the automatic payments are stopped or the loan is not in repayment status, the rate discount will not be applied. The APR assumes that you will be in school for 4 years and have a 6-month grace period before repayment begins. Borrowing $10,000 at 2.42% accrues $11,149.29 in interest during 4 years in school and the 6-month grace period. Sample monthly payment would be 180 payments of of $73.92. For illustration purposes only. The APR can differ from the interest rate as it considers fees paid to obtain the loan, your interest rate, if payments are deferred and reflects the cost of the loan as a yearly rate. You are not required to make payments on your loan while in school, although you may make principal and interest payments any time. Making payments while attending school will lower your APR. The minimum loan amount is $1,000. Your interest rate will be determined by your credit score or your cosigner’s, whichever is greater. Rate is variable and subject to increase or decrease. For further information on rates and costs, see the Application Truth in Lending Disclosure. You will be required to review the Application Truth in Lending Disclosure prior to submitting an application. Your school’s financial aid office will certify your approved loan amount based upon your eligibility. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice.
1To be eligible for the interest rate reduction for automatic payments, you must be signed up for automatic payments through University Accounting Services. If at any time automatic payments are stopped or the loan is not in repayment status, the rate discount will not be applied. USC Credit Union reserves the right to modify or discontinue benefits at its discretion and without notice.
2Your school’s financial aid office will certify your approved loan amount based upon your eligibility.