Already have a student loan with Navy Federal? MANAGE YOUR LOAN

Eligibility

To qualify, applicants must meet credit and underwriting criteria and be a:

  • member of Navy Federal Credit Union
  • current student or graduate of an eligible school (excluding parent refinance loans)
  • U.S. citizen or permanent resident
  • legal adult in the state in which they reside (age 18 in most states)

Co-Signers

An eligible and creditworthy co-signer can help applicants with limited credit history or income responsibly borrow and manage their education loans. A co-signer may:

  • increase the chance of loan approval
  • help lower the interest rate on the loan

Questions?

Read FAQs about student loans

Contact the Student Loan Center today.

1-877-304-9302,
M-F 8 am - 8 pm, ET

navyfederal@lendkey.com

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Get the information you need on college loans and repayment options.

Learn more about paying for college on our Making Cents site.

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 1.43% 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 APR 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 1.43%) 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 1.43% 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.

5Navy 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.

6Subject 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.

Rates

Savings as high as 1.35% APY

Auto Loans as low as+ 2.99% APR

Certificates as high as 3.50% APY

Credit Cards as low as++ 7.99% APR

We encountered an issue with our Rates feed, please call for rates or check back later.