Student Loans

RFCU Private Student Loan Program with LendKey

Paying For College Just Got Easier

Recognizing the need for higher education financing for its members, Riegel Federal Credit Union now offers a private student loan and private student loan consolidation through cuStudentLoans, a credit union managed network.

With college enrollment at an all-time high, paired with the escalating cost of tuition, cuStudentLoans provides students and families with a complimentary product to assist them with funding higher education when federal options are exhausted.

For recent college graduates currently faced with high interest private student loan debt, Riegel Federal Credit Union offers a consolidation and refinancing solution. The cuGrad Private Student Loan Consolidation combines loans from multiple lenders into one easy payment to reduce the chance of a missed or late payment. This refinancing option can also potentially save thousands of dollars in student loan payments every year, allowing borrowers to put the extra money towards paying off their debt faster, or towards a major purchase such as a car or home.

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Student Loan Refinancing

Refinancing may let you combine eligible student loans into one new loan or choose different repayment terms. Compare your new rate, total cost and benefits before deciding.

How Refinancing Works

Review your existing loans. Gather your balances, interest rates, monthly payments and remaining repayment terms.

Compare your options. Consider the new loan’s annual percentage rate (APR), repayment term, fees and total cost.

Apply if refinancing fits your needs. If approved and completed, the new loan pays off the eligible loans being refinanced, and you make payments under the new agreement.

Things to Consider

A lower payment may mean a longer repayment term. This could increase the total interest you pay.

Savings are not guaranteed. Your outcome depends on your existing loans and the new loan’s terms.

Check whether the rate is fixed or variable. A variable rate can change and may increase your payment.

Have Federal Student Loans?

Refinancing federal student loans into a private loan means losing federal benefits and protections, including income-driven repayment and federal forgiveness options. This change cannot be reversed. Review those benefits before deciding.

Subject to credit approval and program eligibility. Review current rates, terms and disclosures before applying.

Learn More About Refinancing Your Student Loans

⭐️⭐️⭐️⭐️⭐️

Amazing!

This company (Lendkey) helped me to consolidate my private student loans & reduce my payment by half.

– Britton, Verified User