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Refinance Your Student Loans to Save and Simplify


With our Student Loan Refi you’ll save interest, and have one manageable payment a month. It’s easy to get started with our convenient online application and live help. Plus, there are no application, origination or hidden fees, and no pre-payment penalties.

  • Refinance from $5,000 up to $75,000
  • Up to 15 years
  • 0.25% discount for automatic payments

Choose Your Plan
Our refinancing options give you flexibility in choosing the best plan for you.

You’ll have plenty of things to think about after you graduate, and burdensome student loan payments shouldn’t be one of them. call us or visit our FAQ's to see if refinancing your student loans makes sense for you. Or, if you’re ready to start saving, apply today.   

 

Terms and Conditions:
For both loans, you will be required to review the Application Truth in Lending Disclosure prior to submitting an application. The minimum loan amount is $5,000. Your interest rate will be determined by your credit score or your cosigner's, whichever is greater.
1Variable Rate: 2.85% annual percentage rate (APR). 180 monthly payments of $6.83 per $1,000 borrowed. Borrowing $20,000 at 2.85% accrues $4,602.05 in interest during the 15 year repayment term. If approved for a loan, the variable interest rate offered will depend on your credit history. Variable rates from 2.85% APR to 7.88% (with AutoPay). Interest rates on variable rate loans are capped at 19.15. Lowest variable rate of 2.85% APR assumes current 12-month LIBOR rate of 0.52% plus 2.58% margin and the 0.25% AutoPay discount. For the USC Credit Union variable rate loan, the 12-month LIBOR index will adjust annually and the loan payment will be re-amortized and may change yearly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. For further information on rates and costs for the Variable Rate Student Loan Refinance, see the Application Truth in Lending Disclosure. 
2Fixed Rate: 5.35% annual percentage rate (APR). 180 monthly payments of $8.09 per $1,000 borrowed. Borrowing $20,000 at 5.35% accrues $9,129.24 in interest during the 15 year repayment term. If approved for a loan, the fixed interest rate offered will depend on your credit history. For further information on rates and costs for the Fixed Rate Student Loan Refinance, see the Application Truth in Lending Disclosure. You will be required to review the Application Truth in Lending Disclosure prior to submitting an application. The minimum loan amount is $5,000. Your interest rate will be determined by your credit score or your cosigner's, whichever is greater. 
*Savings calculation is based on an average loan amount of $30,000 with a rate 7.07% and a lifetime payment of $48,748 assuming the standard Direct Loan term and assuming an average interest rate savings of 1.5%. After refinancing, the lifetime payment equivalent is $44, 323. Savings calculations assumes borrowers make all payments in a timely manner and do not prepay.
**To be eligible for the interest rate reduction for automatic payments, you must be signed up for automatic payments through USC Credit Union. The USC Credit Union 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. If at any time automatic payments are stopped or the loan is not in good standing, the rate discount will not be applied. USC Credit Union reserves the right to modify or discontinue benefits at its discretion and without notice.
3Membership is required when taking a loan out with us. If you are not currently a member of USC Credit Union, we will contact you to establish membership. Establishing membership is easy and includes opening a membership savings account. If you do not complete the membership application, we will create your membership savings account for you. Terms and Conditions Apply. USC CREDIT UNION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident and meet USC Credit Union's underwriting requirements. Lowest rates are reserved for the best borrowers. This information is current as of December 1, 2014 and is subject to change.
USC Credit Union reserves the right to modify or discontinue interest rate discount program(s) for future loans or to discontinue loan programs at any time without notice

 


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