Interest rates

The Annual Percentage Rate (APR) for our private education line of credit is variable1 and is based on the Prime index2 plus a margin.

The current offered rate3 is between 7.74% and 8.24% APR

Your Interest Rate4 is calculated by adding the Index plus a Margin5, subject to a minimum APR (Floor)6. The Floor rate is in effect any time the Interest Rate is below your assigned Floor rate.

All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice.

Credit union membership and a minimum share deposit is required. Contact us for membership details.


  1. Your Interest Rate is variable and may be adjusted quarterly based on the Index. Any increase in the Index may increase the APR and may increase the amount of your monthly payment.

  2. As of April 1st, 2018, the Prime index (Index), as published in the Wall Street Journal, used is 4.50%.

  3. Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Index, Margin, Floor, and/or credit approval will depend upon the student borrower’s and co-borrower’s (if applicable) credit qualification. Applicants may apply with a creditworthy U.S. co-borrower which may result in a better chance of approval and/or lower interest rate.

  4. The Interest Rate will not exceed the Ceiling Rate, regardless of the Index.

  5. Margin will be disclosed at account opening. This Margin is added to the Index to determine the calculated interest rate.

  6. Floor rate is in effect any time the calculated interest rate is below the assigned Floor rate. The Floor rate will be disclosed at account opening.

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