Student Loans

A good education is the key to a bright future — and we want to help you get to that future. If your government financial aid isn't enough to cover the cost of your education, or if you don't qualify for the government guaranteed loans, one of our student loans can help you with some of your education expenses.

  • Students enrolled in post-secondary education are eligible
  • Borrow up to $5,000 per student per school year, $25,000 maximum
  • Interest rate 0.5 percent below the index (prime rate) as of July 1 each year, minimum rate of 4 percent
  • Interest-only payments if borrower is enrolled as a full-time student
  • Parent or legal guardian co-signer required
  • No pre-payment penalties
  • Automatic payment available

Federated Challenge

FECU is proud to partner with the Federated Challenge┬«. Borrowing from FECU will help brighten the futures of many youth. FECU will donate $1 for every funded loan to support the Federated Challenge®!

NOTE: Federated Employees Credit Union provides third party links for your convenience. We are not responsible for the content or security on third party sites.

Student Loan Rates

Student APR
Variable, Unsecured 5.00%

Relationship Pricing

Looking for a lower interest rate on your loan? You could qualify for a lower interest rate when financing with FECU. We offer members who use multiple products and services with FECU a discounted rate on eligible products.  Learn more about Relationship Pricing and if you qualify. Check out our current Rates .