Rose, Proud Giants fan.
Putting her first since 2002.

COLLEGE LOANS

Worry about finals, not finances

Our goal is to help you make informed decisions about college loans, and provide you with the lowest rates available.

Credit Union Student Choice is a SF Fire Credit Union partnership designed to fill funding gaps that federal aid can leave behind. Our aim is to help you make informed decisions about college financing, while also providing a lower-cost private college loan solution.

Our online application process is fully automated and offers an instant credit decision, electronic school certification, electronic funds transfer to schools, and fast processing time.

Whether you're completing your undergraduate degree or in graduate school, you'll find competitive variable rates as low as 6.25-7.25%1.as of November 26, 2021.

 

Undergraduate Studies:

  • For undergraduate students at 4-year, not-for-profit schools
  • A line-of-credit (up to $75,000) that can be used over time
  • No origination fees
  • Flexible payment options that allow repayment while in school or full deferment until graduation (or enrolled less than half-time)

 

For a list of approved undergraduate schools, click here

 

 

Graduate Studies:

  • The Graduate Business Student loan program is only available to students attending an eligible school while earning a business degree offered by the school
  • Graduate Students must be enrolled at least half-time (as defined by the school)
  • A line-of-credit (up to $100,000) that can be used over time
  • No origination fees
  • Flexible payment options that allow repayment while in school or full deferment until graduation (or enrolled less than half-time)

 

For a list of eligible Graduate schools, click here

Apply online or by phone 24 hours a day, 7 days a week by calling (866) 825-6583.

SF Fire Credit Union provides private student loans through a partnership with Credit Union Student Choice. All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership  is required. See Terms & Conditions.  

1Interest rates range from 6.25-7.25% as of 11-26-21 and are indexed to Prime Rate plus 3% or 4% based on credit worthiness. The Annual Percentage Rate is subject to increase after consummation. The interest rate will be adjusted quarterly, based on changes to the Index. The APR will not exceed 18.00%, or fall below the Floor rate regardless of the Index or any additional rate discount.

The Floor rate is 6% for FICO® Scores of 730 or higher, and 7% for FICO® Scores between 660-729. Each FICO® Score is a three-digit number calculated from the data on your credit reports at the three major consumer reporting agencies—Experian, TransUnion and Equifax. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries. SF Fire Credit Union and Fair Isaac are not credit repair organizations as defined under federal or state law, including Credit Repair Organizations Act. SF Fire Credit Union and Fair Isaac do not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history, or credit rating.

Any increase in the Index may increase the APR and the amount of your monthly payment. The "Index" for the quarter beginning October 1st, 2021, is 3.25%, which was the Prime index published in the Wall Street Journal on the first business day of September 2021. Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Interest Rate, Margin, Floor, and/or credit approval depends upon the credit qualifications of the student borrower and co-borrower (if applicable). Margin will be disclosed at account opening. Student borrowers may apply with a creditworthy co-borrower which may result in a better chance of approval and/or lower interest rate.

Borrower Eligibility Criteria

Undergraduate Student Loans

  • U.S. citizens or permanent residents (non-resident students are NOT eligible)
  • At least the age of majority in your state of residence. Please note, in most states, you must be at least 18 years old. You must be 19 years old in Alabama. You must be 21 years old in Mississippi and Puerto Rico. If you are not the age of majority in your state you may qualify with a co-borrower who is or other unique circumstance that would allow you to qualify.
  • Continually enrolled in a degree-granting program and meeting the school’s minimum Satisfactory Academic Progress (SAP) criteria. For fall and spring terms, you must be enrolled at least half-time. For summer term, you may be enrolled less than half-time.
    (Should you drop below half-time in the fall or spring, withdraw during any term, or fail to meet SAP requirements, your funding request can be denied, your line of credit may close, and you may enter repayment)
  • Before applying, make sure to check that your school is included in our listing of approved schools
  • Able to meet San Francisco Fire Credit Union's standard underwriting criteria (a cosigner may be necessary in order for you to meet credit criteria, and may also help you qualify for a lower rate)
  • Eligible for credit union membership (you may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded

Graduate Student Loans

  • U.S. citizens or permanent residents (non-resident students are NOT eligible)
  • At least the age of majority in your state of residence. Please note, in most states, you must be at least 18 years old. You must be 19 years old in Alabama. You must be 21 years old in Mississippi and Puerto Rico. If you are not the age of majority in your state you may qualify with a co-borrower who is or other unique circumstance that would allow you to qualify.
  • Continually enrolled in a degree-granting program and meeting the school’s minimum Satisfactory Academic Progress (SAP) criteria. For fall and spring terms, you must be enrolled at least half-time. For summer term, you may be enrolled less than half-time.
    (Should you drop below half-time in the fall or spring, withdraw during any term, or fail to meet SAP requirements, your funding request can be denied, your line of credit may close, and you may enter repayment)
  • Before applying, make sure to check that your school is included in our listing of approved schools
  • Able to meet San Francisco Fire Credit Union's standard underwriting criteria (a cosigner may be necessary in order for you to meet credit criteria, and may also help you qualify for a lower rate)
  • Eligible for credit union membership (you may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded)

Co-Signers

Must be at the age of majority or older at the time of loan application.

Bankruptcy Limitations

If you file for bankruptcy, you may still be required to pay back this loan.

 

More information about loan eligibility and repayment deferral or forbearance options is available in your loan application and loan agreement.

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