Georgia United Credit Union recently launched a new loan option for undergraduate students and refinancing options for graduate students.
“These programs provide solutions for current students who require financial assistance and for graduates who want a manageable way to repay their student loans,” according to a Georgia United press release.
Georgia United’s new Student Choice loans are available for undergraduates enrolled in most four-year public and private colleges. Students only need to apply for the loan once and may borrow up to $60,000 throughout their undergraduate career. Payments can be deferred while students are enrolled at least part-time. The loans also feature low interest rates and no origination or prepayment fees.
Graduate students can refinance and consolidate existing federal or private loan debt through Georgia United’s refinance loans. The refinance option includes an easy online application, competitive fixed and variable interest rates, flexible payment terms, no origination or prepayment penalties and the ability to borrow up to $100,000.
“We are pleased to offer products to our young members who are investing in their future and who want to take control of their student loan debt,” said Mike London, Georgia United Credit Union’s Chief Lending Officer. “As a not-for-profit, member-owned financial institution, Georgia United continues to look for new ways to better serve its members and to offer competitive products that benefit the families and communities in which we serve. The new student lending program is just one example of how we are helping our members achieve their goals.”