Private Education Loan

Private education loans fill the gap between the cost of school attendance and traditional funding sources like scholarships, grants, Stafford and PLUS loans and other federal loans.

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Application Disclosure Notice

  • 0% Origination Fee
  • 0% Default Fee
  • No Prepayment Penalty
  • 3 Repayment Options: Principal and Interest, Interest only payment until the end of the in-school period, and deferred payment until the end of the in-school period
  • Manage your account 24/7 at aessuccess.org
Online Calculators

Eligibility

  • Available for full and part-time undergraduate students
  • Student must be a Maine resident or attend college in Maine
  • Student must be a U.S. citizen or national, a U.S. permanent resident, or eligible non-citizen
  • Student must be enrolled in a degree program and in attendance at least part-time as determined by the school
  • Student must maintain satisfactory academic progress, which is determined by the school
  • Students must be eligible for Title IV Programs
  • Student and guarantor must be a University Credit Union member in good standing
  • Funds must be paid directly to the school
  • Student and guarantor must meet credit requirements

Interest

Variable interest rate based upon an index of the Wall Street Journal (WSJ) Prime Rate plus a specified margin.
Interest Rate adjusts on the first day of each calendar quarter based upon the index value published 5 business days preceding the start of the calendar quarter.

Loan Limits

  • The minimum loan amount is $1,500 per academic year
  • You may borrow up to $40,000 per academic year**
  • The maximum aggregate of private education loans per student or guarantor cannot exceed $200,000
  • Your school will be required to certify this amount and the final approved loan amount could be less than the amount requested
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If you have questions about your application, feel free to contact UCU or CampusDoor at 855-210-8174.

Edfinancial Contact Information

Customer Service for applications prior to Nov. 4th, 2013:
M-Th: 8:30AM - 8:00PM
F: 8:30AM - 6:00PM
800.337.6884
customerservice@edfinancial.com

Payments for applications prior to Nov. 4th, 2013:
Edfinancial Services
Dept 888055
Knoxville, TN 37995-8055

Correspondence:
Edfinancial Services
PO Box 36014
Knoxville, TN 37930-6014

American Education Services Contact Information

Customer Service for present applications:
M-F: 7:30 AM - 9 PM EST
800.233.0557

Payments for present applications:
American Education Services
Payment Center
Harrisburg, PA 17130-0001

Correspondence:
American Education Services
PO Box 2461
Harrisburg, PA 17105-2461

For questions about the online application process for Private Education Loans, please contact UCU at 800.696.8628 or Campus Door at 855.210.8174.

* Other terms and conditions may apply, please review the Master Promissory Note for more specific information regarding UCU's Private Education Loan Program. **Loan maximums may vary based on school and default rate. Other terms and conditions apply.