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Need A Student Loan? Still Paying On YOURS? Consider A Credit Union Student Loan
Posted By Ron On October 1, 2012 @ 8:45 AM In Debt,Personal Finance | Comments Disabled
As the cost of higher education continues to outpace everything from inflation to federal student loan limits, millions of American students and families are turning to private student loans and CUstudentloans.org  is leading the way. What is CUstudentloans.org ? It’s a CUSO, a credit union service organization, founded to help match students needing anywhere from $2,000 to $30,000 per year to pay for their college education  to credit unions (rather than banks) for the loan.
Are YOU wondering how to pay for college considering the federal student loan limits are far too low? Are you wondering how to pay your existing student loan? CUstudentloans.org  also offers student loan consolidation! Check out how much you could be saving!
All qualified student borrowers enjoy ZERO origination fees.
CUstudentloans.org  uses the FACS Grade, which takes into account the credit history of the borrower/cosigner as well as the academic progress of the student. Good grades and getting closer to graduation means a lower loan rate!
Once you have entered repayment and repaid just 10% of the loan, you can get a 1% interest rate reduction, saving you money in the long run.
Your can cancel the loan within 30 days of approval date and you owe no fees and no interest.
Cosigners can be released from their responsibility after 24 consecutive on-time principal + interest payments. Other programs almost require an act of Congress to remove a cosigner, but not CUstudentloans.org . Since a cosigner can almost always guarantee a lower initial interest rate, and since a cosigner can be released from responsibility, this could be the best way to go.
1) IDENTIFICATION – Any government issued ID such as a passport, driver’s license, military ID, or other state issued ID card.
2) PROOF OF ENROLLMENT – Your unofficial transcript or acceptance letter if you’re an incoming freshman.
3) PROOF OF INCOME – Your last 2 pay-stubs, W2, or tax return. If the loan is cosigned, you’ll need proof of income for both the cosigner AND the borrower.
4) YOUR CREDIT UNION – You must be a member of a participating credit union within their private student loan network. If you’re not a member of a credit union participating in the program, you can quickly and easily join one online for free during the application process.
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