Line-of-Credit Details

PLEASE NOTE: In accordance with regulatory guidelines, students who are on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List are NOT eligible for this private education line of credit. In addition, students that reside in countries with OFAC comprehensive sanctions are NOT eligible for this private education line of credit during the time they reside in those respective countries. Please see for further information.

If you have citizenship in or currently reside in an OFAC sanctioned country, please call 1-800-874-5544 and select option 3 for the Lending Department to discuss further.


Our Philosophy . . . "We can do better." This simple philosophy launched Quorum Federal Credit Union in 1934. Empowered by the unity of our members, we've lived up to it ever since. We’ve now brought this same singular focus to student lending - helping you finance a higher education without a higher price tag.

Key Features of Quorum Federal Credit Union's International Educational Line-of-Credit Program:

  • Finance up to the cost of attendance less other financial assistance/aid received.
  • Available to international students (who are not permanent residents)
  • Apply once and secure financing for your entire graduate studies with a unique Line of Credit structure
  • Zero origination or pre-payment fees
  • Variable interest rate based on Prime Rate plus a margin
  • 0.50% interest rate discount for borrowers with an approved U.S. co-borrower (based on creditworthiness)
  • U.S. Co-borrower not required
  • Flexible repayment options, including full deferment of payments while in school
  • 20 or 25 year repayment period, depending on principal balance when entering repayment – or repay early at anytime with NO penalty
  • 0.25% rate discount for automatic electronic payment during repayment. If your line of credit is subject to a floor rate (also known as a minimum interest rate) as specified in your promissory note, your rate will never be less than the floor rate.
  • Optional graduated repayment which provides lower payments during the first two years of repayment
  • 24/7 Call Center and Online Application
  • Loan is granted and held by your not-for-profit credit union—a lender relationship you can trust

Frequently Asked Questions about the Quorum Federal Credit Union International Educational Line-of-Credit Program:

Click here to visit FAQ.

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