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Navy Federal Credit Union

Student Loans

Manage Your Loan
Loan Options

Looking for additional funding for school? Finance your education
with a private student loan from Navy Federal Credit Union.

Now accepting applications for the 2016/2017 school year.
Variable rate
as low as
3.47% APR2
Fixed rate
as low as
5.58% APR3
  • Build credit history and reduce overall loan costs with different repayment options while still in school.
  • Borrow up to the school-certified cost of attendance.6
  • Co-signer release may be requested after 24 consecutive, on-time principal and interest payments.7

Already graduated? Save time and money by refinancing and consolidating your existing private student loans through Navy Federal.

 
Variable rate
as low as
2.99% APR4
Fixed rate
as low as
4.00% APR5
  • Refinance and consolidate existing Private Student Loans and potentially reduce monthly payments and rates.
  • Refinance a single Private Student Loan and save over the life of the loan.
  • Co-signer release may be requested after 12 consecutive, on-time principal and interest payments.7

Already have a student loan with Navy Federal? Sign in to manage your account.

Questions?

Contact a LendKey representative today.

1-877-304-9302
navyfederal@lendkey.com

Our LendKey Partnership

Navy Federal has partnered with LendKey to provide exceptional products and service to help you invest in your education.



1Automatic Payments Discount: The discount requires continued enrollment of automatic payments. The borrower authorizes automatic payments from a personal account via Automated Clearing House (ACH). If automatic payments are canceled any time after enrollment, the rate reduction will not apply until the automatic payments are reinstated. Automatic payments may be suspended during periods of forbearance and deferment. For variable rate loans, the APR, including the 0.25% rate reduction, may not fall below the floor rate, which is 2.99% for Private Student Loans and 2.49% for Consolidation Loans.

2Variable-Rate Loans: APR = Annual Percentage Rate. Rates are based on creditworthiness and subject to change. The “as low as” rate displayed above assumes a 0.25% reduction (subject to the floor rate of 2.99%) upon borrower enrolling in automatic payments. For more information about the automatic payment borrower benefit, see the Automatic Payments Discount disclosure.

Annual Interest Rate = Base Rate + Loan Margin. The Base Rate is the average of the 3-Month LIBOR published in the Wall Street Journal on the first business day of the three months immediately preceding each quarterly adjustment. The Loan Margin is between 2.99% and 9.25%. The APR is variable and may change as the Annual Interest Rate varies with the 3-month LIBOR, and, therefore, may increase during the life of the loan.

3Fixed-Rate Loans: APR = Annual Percentage Rate. Rates are based on creditworthiness and subject to change. The Interest Rate charged and the Annual Percentage Rate are constant for the life of the loan. The “as low as” rate displayed above assumes a 0.25% reduction (subject to the floor rate) upon borrower enrolling in automatic payments. For more information about the automatic payment borrower benefit, see the Automatic Payments Discount disclosure.

4Variable-Rate Loans: APR = Annual Percentage Rate. Rates are based on creditworthiness and subject to change. The “as low as” rate displayed above assumes a 0.25% reduction (subject to the floor rate of 2.49%) upon borrower enrolling in automatic payments. For more information about the automatic payment borrower benefit, see the Automatic Payments Discount disclosure.

Annual Interest Rate = Base Rate + Loan Margin. The Base Rate is the average of the 3-Month LIBOR published in the Wall Street Journal on the first business day of the three months immediately preceding each quarterly adjustment. The Loan Margin is between 2.49% and 9.99%. The APR is variable and may change as the Annual Interest Rate varies with the 3-month LIBOR, and, therefore, may increase during the life of the loan.

5Fixed-Rate Loans: APR = Annual Percentage Rate. Rates are based on creditworthiness and subject to change. The Interest Rate charged and the Annual Percentage Rate are constant for the life of the loan. The "as low as" rate displayed above assumes a 0.25% reduction (subject to the floor rate) upon borrower enrolling in automatic payments. For more information about the automatic payment borrower benefit, see the Automatic Payments Discount disclosure.

6Navy Federal private student loans are subject to credit qualification, school certification of loan amount, and student's enrollment at a Navy Federal-participating school. Navy Federal reserves the right to approve a lower amount than the school-certified amount or withhold funding if the school does not certify private student loans.

7Subject to Navy Federal Credit Union approval. The Repayment Period begins after the In-School and Grace Periods. A request to release a co-signer requires that the borrower has made consecutive timely payments with no periods of forbearance or deferment within the required timeframe. "Timely payment" means each payment is made no later than the 15th day after the scheduled due date of the payment. "Consecutive payment" means the regularly scheduled monthly payment must be made, 24 months straight for private student loans and 12 months straight for consolidation loans, without any interruption. To qualify for a co-signer release, the borrower must submit a request, meet the consecutive, timely payment requirements, provide proof of income and pass a credit check.

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