Loans & Credit

Student Loans

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You know the value of a college education. Knowing how to pay for it is another question.

Getting a college degree is a worthwhile goal.

College graduates make an average of one million dollars more than those without college degrees (www.studentloanfacts.org). However, the cost of getting a college education can be overwhelming for both students and parents.

We partner with Sallie Mae® to provide private SMART OPTION student loans.

The Smart Option Student Loan® for EPFCU Members by Sallie Mae®

For borrowers attending degree-granting institutions Now you can pay for college the smart way with three great repayment options and competitive interest rates! This loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans. To learn more or to apply, please get started here.
The Smart Option Student Loan features and benefits:
  • Multiple in-school repayment options plus a choice of competitive fixed and variable interest rates, providing even more flexibility
  • No origination fee and no prepayment penalty
  • Benefits and an interest rate reduction available
  • Rates that reward creditworthy borrowers
  • Applying with a creditworthy cosigner may help you qualify
  • 100% US-based Student Loan Specialists

To learn more, please get started here.


The federal government has several options to put your education within reach. Although we do not make federal student loans at EPFCU, you can learn more about them below. The first step is for students and parents of dependent undergraduates to complete the Free Application for Federal Student Aid (FAFSA) to determine federal loan eligibility.

There are three federal loan options to fit every need.

Stafford Loans

  • The subsidized Federal Stafford Loan is based on financial need. The government pays the interest while you are in school.
  • The unsubsidized Federal Stafford Loan is not based on need but family income is a determining factor. You pay all the interest, although you can have the payments deferred until after graduation. Learn more.

Parent PLUS Loans

  • Parents and stepparents may borrow for post-secondary education of dependent, undergraduate children.
  • Credit based.
  • Parents can borrow up to the cost of education minus any other financial aid the student is receiving. Learn more.

Grad PLUS Loans

  • Available to graduate or professional students.
  • Credit based.
  • Payments can be deferred while in school. Learn more.

Helpful Student Loan Information