Student Loan Program through Lendkey Testimonial

"I just wanted to tell you about my GREAT experience with the Student Loan Program through Lendkey. My son applied the other day and added me as a co-signer. LendKey is VERY QUICK with their correspondence. Both my son and I had to download documents for them and it was very easy. One of my son's docs had to be resubmitted as a PDF and it took maybe 5 minutes before they responded, saying that they had received everything and that we should hear soon whether or not our loan was approved. THEN, just this morning, I learned that the loan was approved. I soon received an email containing a link to sign the loan documents online thru the Docusign service! Super easy!

This loan is to be applied for AFTER you have exhausted all other avenues such as government loans,both subsidized and unsubsidized; scholarships, etc. It's like the Parent Plus loan that the schools offer. My son is attending the U of M in the Twin Cities and their Parent loan offer to us was a higher rate of 6.9% AND for every advance, they charge a 4% origination fee...the LendKey program through the credit union has NO ORIGINATION FEE! (Interest rates are based on your credit.)
I can't say enough good things about this program." - Tammy B.

Fund Your Future!

It’s the time of year we find many High School seniors filled with excitement and enthusiasm (OK, nerves too) as college is on the horizon, closer than ever before.  While many are filled enthusiasm for the ‘next step’ in their life, they may also find they are weighed down with worry of the financial burdens that can come with college.  Have no fear; St. Cloud Federal Credit Union is here!

At SCFCU, we offer a Private Student Loan Program.  Our Student Loan program is affordable, easy to apply for, and has fast approval.  The program has a plethora of benefits, including:
-- Zero Origination Fees for all qualified student borrowers
-- Competitive Interest Rates (and with good grades, you’ll get even lower rates!)
-- 1% Interest Rate Reduction once 10% of the loan principal is repaid during the full repayment period
-- 30-day No-Fee Return Policy – allows you to cancel the loan if you find a better option
-- Cosigner Release available after 24 consecutive on-time principal + interest payments

You can borrow as little as $2,000 or up to the entire cost of attendance per year.  There is a maximum of $120,000 in Undergrad loans and $160,000 in graduate loans.  You can use your Student Loan for a variety of payments including tuition, cost of room and board, books or computer expenses, and even past due tuition bills!

You do not have to be a current Member of our Credit Union to apply, although to receive the loan you must become a Member for final loan approval.  The good news is, anyone who lives, works, or worships in the Tri-County (Stearns, Benton, or Sherburne) county area, or has an immediate family member that does can be a Member of St. Cloud Federal Credit Union!  For more information about our Student Loan program and it's requirements, visit https://stcloudfcu.coop/Student.php.  Or, CLICK HERE to apply now!

Congrats to all graduates, we’re proud of you and excited for what your future has to offer! 


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