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Student Loans

With a CEFCU Student Loan, you can take the stress out of finances and focus on your future! Whether your journey is still on campus or past the university halls, CEFCU has the right options to meet you where you are!

Financial aid can be stressful, but CEFCU has the tools to help.

  • If you have questions about CEFCU Private and/or Consolidation Student Loans or our new loan experience, give us a call at 309.633.3474 or 1.800.633.7077, ext. 33474.
  • If you have more general questions, like how to fill out your FAFSA, federal student loan options, financial aid, etc., we’ve got resources to help for that, too! Just visit cefcu.studentchoice.org to access FAQs, view webinars, or even schedule a phone consultation.

Then, look to CEFCU to help you bridge the gap in your college expenses! Choose an option that's right for you:

Private Student Loans

Choose a Private Student Loan if you’re in school at least half-time at an accredited college or university. You must be over 18 and a U.S. citizen, permanent resident, or eligible non-citizen.

Apply for your Undergrad PSL Apply for your Grad PSL

Consolidation Student Loans - Coming Soon!

Consider this option if you're a college grad who wants to combine federal and/or private student loans into one convenient payment. You must be over 18 and a U.S. citizen, permanent resident, or eligible non-citizen.

Sign up for notification

Why CEFCU?

Affordable

There are no processing fees, no origination fees, and no prepayment penalties.
You also get a competitive, variable rate with .50% rate discount with auto payments.

Independence

After 48 consecutive months of on-time payments, a cosigner can be removed.

Ownership

When business is better than expected, earnings go back to our member/owners. Since 2000, CEFCU has returned over $500 million! Owning is better!

Convenience

From online and mobile banking, see what options are right for you.

Have Questions?

Features & Benefits

Online & Mobile Banking

Check balances, transfer money, and more 24/7.

ATMs

Use over 30,000 surcharge-free ATMs.

Digital Wallets

Shop and pay the quick and secure way with digital wallets.

eStatements

Go green and enjoy convenient, secure statement access.

Disclosures

Applicants facing technical issues should call 309.633.3474 during regular business hours.

If you live outside the area, you will need to provide your local address at school when applying for membership.

Section 1650(g)(2)(C) of the federal Truth in Lending Act provides that any lender that extends a private education loan shall provide the student obligor an option to designate an individual to have the legal authority to act on behalf of the student obligor with respect to the private education loan in the event of the death of the student obligor. CEFCU offers this option and has a form you may use for this purpose. To request CEFCU’s designation form, please contact the Student Lending department by email at studentloan@cefcu.com .

Private Education Loan Application and Solicitation Disclosure
Consolidation Loan Application Federal Disclosure

  1. Subject to change quarterly.