Undergraduate Line of Credit

Flexibility comes from having choices

Our Student Choice private loan solution is designed to fill the funding gaps that may exist after all lower-cost sources of aid (including scholarships, grants, and federal Direct loans) have been exhausted. We offer both a fixed rate and variable rate line of credit option so you can decide which is best for your needs. And since you're borrowing through COPFCU, you know you're getting a great deal from a not-for-profit lender you can trust.


Consistent monthly payment - year in and year out.


Current offered rates between 4.25% and 9.25% APR

Borrow up to $75,000



Pro: A predictable monthly payment with an interest rate that doesn’t change.


Consider This: You may pay more over your repayment period because fixed rates are typically higher than starting variable interest rates.


Repayment Term: 10 years regardless of the amount you borrow.



Apply for a fixed rate


Monthly payments can vary over time.


Current offered rates between 3.75% and 8.75% APR

Borrow up to $75,000



Pro: Potentially lower starting interest rates could result in lower monthly payments.


Consider This: Your interest rate can rise and fall over the life of your line of credit so your monthly payment and total interest cost may vary.


Repayment Term: 20 years if your principal balance at repayment is $40,000 or less, or 25 years if your principal balance at repayment is more than $40,000.



Apply for a variable rate



Benefits of our undergraduate loan solution

  • Unique line of credit structure so you can borrow once for your full undergraduate career1

  • Choose a fixed or variable interest rate

  • Potentially reduce your rate by 0.25% by enrolling in automatic electronic payments during repayment

  • Flexible repayment & in-school deferment options

  • Borrow from a not-for-profit credit union you can trust


See rates page for additional information, repayment examples, and important disclosures