A real rate with no commitment to apply and no impact on your credit score when you prequalify2.
After prequalifying and getting your rate, configure your loan to see how different options affect your rate and repayment amounts.
To prequalify, you'll need:
- Your (and cosigner if applicable) date of birth and SSN
- Mailing and email addresses and phone numbers
- School name, grade level, expected graduation date
- Loan amount
- Your cosigner's annual income (or yours if applying alone).6
Repayment Options & Benefits:
Four factors impact loan payments:
- Length (term) of loan
- When you start repayment
- Discounts and benefits
- Rate type - fixed or variable
Choose a 5, 7 or 10-year loan term.7
Shorter term: Higher payments, pay less in interest, pay off your loan sooner
Longer term: Lower payments, pay more in interest, more time to pay off the loan
3 out of 4 approved applicants have a cosigner.
A good cosigner improves your approval chances and your rate, as long as they:
- Have good credit
- Pay bills on time
- Don't carry too much debt compared to income
- Are steadily employed (even if self-employed)
All countries, all cultures.
Union Federal welcomes students from all over the world.
To prequalify you'll need:
Additional benefits that can make a difference.
Returning Borrower Advantage11
We make our returning borrowers a priority. Enjoy a streamlined application process and a greater likelihood of approval when you apply in subsequent years with the same cosigner.
Unemployment & Natural Disaster Protection12
If you become unemployed or affected by a natural disaster during your loan’s repayment period, we’ll pause your payments until you get back on your feet.
Cosigner Release13
Applying with a creditworthy cosigner may increase your approval chances as well as help you get a lower rate. Lower rate, lower overall cost of your loan. That said, Union Federal makes it easy to release your cosigner when the time is right for you to take full responsbility for your loan and build your own credit history.
No Essay Scholarship Sweepstakes14
Enter the Paying For College Sweepstakes for a chance to win $1,500 to put towards books and expenses. Come back and enter every month until May 31, 2024.
Returning Borrower Advantage
We make returning borrowers a priority. Enjoy a streamlined application process and a greater likelihood of approval when you apply in subsequant years with the same cosigner.11
Unemployment & Natural Disaster Protection
If you become unemployed or affected by a natural disaster during your loan’s repayment period, we’ll pause your payments until you get back on your feet.12
Cosigner Release
Applying with a creditworthy cosigner may increase your approval chances as well as help you get a lower rate. Lower rate, lower overall cost of your loan. That said, Union Federal makes it easy to release your cosigner when the time is right for you to take full responsbility for your loan and build your own credit history.13
No Essay Scholarship Sweepstakes
Enter the Paying For College Sweepstakes for a chance to win $1,500 to put towards books and expenses. Come back and enter every month until May 31, 2024.14