Student Lending From Community West Credit Union

Community West Credit Union offers several financial options to help college students fund their education. Credit union student loans offer potential benefits such as fixed payments and tax-deductible interest. You also deal with a financial establishment that offers numerous customer support options, making it easier to get answers to questions and help when you have an account issue.

Types Of Credit Union Student Loans

Community West Credit Union offers three tuition loan and refinance options.

  • The CWCU Tuition Loanis available to permanent resident aliens and U.S. citizens who are enrolled in at least six credit hours in a semester. Funds can be used for an associates, bachelor’s or graduate degree, and maximum loan amounts are $50,000. Unlike a government loan, interest and principle can’t be deferred on a CWCU tuition loan, though fixed payments can be as low as $25 per month depending on the terms of the loan and amount borrowed.
  • The CUSC Tuition Loan is available to credit union members who are enrolled in school at least half time. The loan is only available to cover tuition at public four-year schools or private nonprofit schools, and you may be able to deduct the interest from your taxes. In some cases, any co-borrower who meets requirements may be released from liability for this loan.
  • The CUSC Refinance Loanis available to individuals who qualify for a CWCU membership, have graduated from college and have a current loan in repayment or a grace period. You can refinance up to $50,000 via fixed and variable rate programs with terms for five, 10 or 15 years.

Are You Eligible For A Credit Union Student Loan?

Eligibility for these private loans depends on a variety of factors, including creditworthiness. Factors such as your ability to pay the loan, credit history and cosigner may impact the amount of money you can borrow to cover tuition and what interest rate you can borrow at.

The team at Community West Credit Union works with you so you understand all of your options and can make an informed decision about funding your education. They also work with you throughout the life of your loan to ensure quality customer service.

Apply For A Loan Today

Contact Community West Credit Union today online or visit branches in Grandville, Kentwood, Hudsonville, Rockford, Middleville or Comstock Park to complete an application for a credit union student loan. CWCU members can also call client services at 866-820-5878 to speak to a representative.

Let Community West help you fund your college education.

When funding your education, we recommend following three steps:

  1. Get all the “FREE” money you can (scholarships, school’s financial aid)
  2. Look for “CHEAP” money with lower-interest federal Stafford loans
  3. Fill in the “GAP” with Private Student Loans from CWCU

Who can apply?

  • Students enrolled in at least 6 credit hours
  • Must be a U.S. citizen or permanent resident alien
  • Must be a credit union member to receive funded loan

Things to Consider:

  • Interest and Principle cannot be deferred
  • Funds are available for college, graduate school or qualifying K-12 programs
  • Maximum tuition loan total per member is $50,000.00

Some Benefits:

  • Fixed payment of $25.00/mo for loans up to $2,500.00
  • Fixed payment of $50.00/mo for loans $2,501.00 – $4,000.00

Loan Rates (as of 10-01-2018)

DESCRIPTION APR (as low as)
CWCU Tuition Loan

5.75 % APR

APR = Annual Percentage Rate. Subject to change. APR may be higher depending on your application.

Paying for college tuition is a burden that Community West Credit Union can help lift with low-interest loans that feature small monthly payments.

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Community West Credit Union is here to help fill your funding gap! We are committed to helping students and their families make college more affordable.

Who can apply?

  • Students enrolled at least half-time
  • Must be a U.S. citizen or permanent resident alien
  • Must be a credit union member to receive funded loan

Things to Consider:

  • Option to defer interest and principal while in school
  • Must be a 4-year public or private non-profit school

Some Benefits:

  • No origination fees
  • Co-borrower release option*
  • Interest is generally tax deductible**

*For co-borrower to be released, certain requirements must be met.

**Please consult with your tax adviser.

Loan Rates (as of 10-08-2018)

DESCRIPTION APR (as low as)
CUSC Tuition Loan 7.75 % APR

APR = Annual Percentage Rate. Subject to change. APR may be higher depending on your application.

Community West can help you refinance your college education to make your payments more affordable!

Take control of your student loan debt with a Community West Credit Union Refinance Loan! refinance your private and federal student loans into one manageable loan.

Who can apply?

  • US Citizens or permanent residents who have graduated from an approved public or private not-for-profit school
  • College graduates with loans in repayment or grace on one or more outstanding private, federal or institutional student loan*
  • Borrowers that are eligible for CWCU membership

Things to Consider:

  • Refinance up to $50,000
  • Flexible repayment terms to fit your needs – 5, 10, or 15 years
  • Variable and fixed rate programs available

Some benefits:

  • No origination fees or prepayment penalties
  • Borrow from your local credit union
  • One manageable loan payment

Loan Rates – as of 10-08-2018 as low as

  5 Year APR 10 Year APR 15 Year APR
Variable Rate 4.25% 4.75% 5.50%
Fixed Rate 4.50% 5.00% 5.75%
APR = Annual Percentage Rate. Subject to change. APR may be higher depending on your application.

 

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Disclosures

*Subject to credit qualification and additional criteria, including graduating from an approved school. Student loans and underwriting is made available through CWCU. Application processing is available from Credit Union Student Choice on behalf of CWCU. Loan servicing repayment is available from University Accounting Service, LLC on behalf of CWCU. Important Notice: By refinancing federal student loans, you may lose certain borrower benefits from your original loans. These may include interest rate discounts, principal rebates, or some cancellation benefits that can significantly reduce the cost of repaying your loans.

Student-Loan-Middleville-MI-Community-West-Credit-Union-150x150 Tuition Loans