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Student Loans

Education: the most important investment you can make

Student Loans

Education: the most important investment you can make

A loan designed to help students pay for post-secondary education expenses

Ready to invest in your future? United Texas offers affordable financing for higher education through our partner LendKey. Whether you’re a student or recent graduate, we’ve got you covered. 

Private Student Loan Program

LendKey wants every student to feel empowered to make the right choice when it comes to their student loans. This is why LendKey provides educational guides and interactive tools such as a student loan payment calculator so borrowers can see how different rates and terms affect their monthly loan payment.

STUDENT LOAN REFINANCING PROGRAM

With access to educational resources and payment calculators, borrowers can learn, compare, and obtain the best loan based on their needs. Within two minutes, you can see multiple offers with no impact on your credit score. You can refinance private and federal loans as long as you have at least an associate’s degree from an approved school. The best part is LendKey services all of the loans on behalf of their lending partners, meaning you will work with the same customer service team from application to final repayment. 

Don’t let financial barriers hold you back from achieving your goals. Explore our offerings today!

Thinking about online college classes?

Here are three things to consider

The money you’ll spend

The notion that online education equals lower costs doesn’t hold up under scrutiny. College expenses can differ significantly across programs. Generally, traditional universities charge similar rates for both online and onsite courses. While purely online institutions might offer some savings, the most substantial price variations often stem from whether you’re looking at in-state programs or community colleges.

Convenience

Online classes are the perfect solution for those who juggle a full-time job or have childcare responsibilities. Their flexible schedules allow you to work at your own pace. While some colleges do offer late classes, they don’t provide the same level of flexibility. However, it’s important to note that staying focused and motivated can be more challenging in an online environment compared to a traditional classroom setting.

The school’s reputation

When it comes to getting a job, one of the most crucial factors is the reputation of the online university you attend. Before signing up for classes, always do your research and check their reputation. Some universities receive rave reviews, while others may not even meet the standard of being a legitimate institution. Don’t underestimate the importance of doing your homework beforehand.

Rates & Calculator

Loan Calculator

Loan Amount
Rate (APR)
Term

Enter your loan details to see your repayment information

Disclaimer: Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their applicability or accuracy in regards to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Monthly payment# of payments
Total paymentTotal interest

Student Loan Rates

Fixed Rate Private Student Loanas low as 3.99% APR*
Variable Rate Private Student Loanas low as 5.79% APR*
Fixed Rate Student Loan Refinanceas low as 4.89% APR*

*APR means Annual Percentage Rate. Rates are effective as of October 7, 2024. The specific rate and term will be dependent upon your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply. Student loans serviced by LendKey Technologies, Inc., NMLS #1266627.

Frequently Asked Questions

To be eligible, you must become a credit union member during the application process. You must also meet the following criteria:

  • US citizen or permanent resident
  • Enrolled at least half-time in an eligible school
  • Meet minimum credit requirements

Private student loans are credit-based loans for college that are used to pay for qualified educational expenses including tuition, room and board, books, and other school related expenses. A private student loan serves as a way for students to fill the funding gap between the cost of attending school and the amount of federal loans, grants, and scholarships available to them.

Federal student loans are available through the US Department of Education and offer fixed interest rates. Private student loans are credit-based loans, feature fixed and variable interest rates, and are available through credit unions or banks.

Eligibility for federal, state and university funded financial aid is determined by completing the Free Application for Federal Student Aid (FAFSA). All students are strongly encouraged to apply for federal aid by completing the FAFSA, which can be obtained online at www.fafsa.ed.gov.

No. However, we encourage you to complete the FAFSA each year to ensure that you take full advantage of grants and other federal aid you may be eligible to receive. Private student loans are a way for you to fill the funding gap between the cost of attending school and the amount of federal loans, grants, and scholarships available to you.

Applying with a creditworthy cosigner not only increases your chance of approval, but also may lead to a lower loan rate.

When applying for a student loan, remember to:

  • Exhaust all federal loans before moving on to private loans
  • Get started on your application early
  • Only request the amount you need for the current academic period

When you consolidate student loans, you’re combining multiple loans together into one single loan, with one payment. You’re still paying the same total amount and same total interest. You now just have one loan instead of multiple loans.

When you refinance student loans you basically consolidate them into a single loan with a new interest rate, new terms, and monthly payment amount. The lender will evaluate you and your creditworthy cosigner’s (if applicable) financial information to offer you a new loan at a lower rate.

If you want to combine your Federal and private student loans together, you have to do it through a private lender. The Federal Direct Consolidation Loan program does not consolidate private loans into Federal loans. However, many lenders in our network do allow you to combine your private and federal loans into one payment.

You must have completed an associates, undergraduate, graduate or doctorate degree from a Title IV eligible school to be eligible for student loan refinancing.

The interest rate is simply the percentage of the loan amount that is charged for borrowing money. The APR reflects not only the interest rate, but also any other fees charged by the lender. The APR represents the total cost of borrowing and for that reason is usually higher than the interest rate.