Student Loans - Wheatland Federal Credit Union

Loans

Accelerate your education with a loan from Wheatland FCU. Wheatland Federal Credit Union offers Student loans in partnerships with LendKey and Sallie Mae®, Private Student Loans and Student Loan Consolidation Programs. If you’ve finalized the FAFSA process and still need additional funding, we have different programs to meet your needs.

LendKey

The LendKey Difference

LendKey connects students with over 300 community lenders to create the most transparent, accessible and low-cost borrowing options in online lending. Through a seamless online application and educational resources, students can learn, compare, and obtain the best loan based on their needs.

Students and parents prefer LendKey to other lending options for three primary reasons:

Inclusive Underwriting

Simply put, community lenders like not-for-profit credit unions and community banks offer borrowers the best opportunity for loan approval. With a cheaper cost of funds than commercial banks and other online lenders, community lenders are able to pass on those savings in the form of lower rates and a higher approval rate.

Transparency & Choice

It is important for students to know everything about their borrowing decisions, and LendKey is dedicated to not only providing financial education guides and information, but also to building interactive tools that show students how each decision impacts their loan. By representing hundreds of community lenders across the country, LendKey empowers students and families to pick the loan that is right for them.

Customer Service

While each loan on LendKey is funded by community lenders, LendKey builds a lifelong relationship with each borrower and provides the best customer service in the industry. According to an internal survey 97% of LendKey borrowers are happy with their loan and their experience (1,000+ responses). Borrowers are not treated as “leads” or sent to any other site during the origination process or at any time during the life of the loan. This means that the same customer service reps that are available to answer questions for a borrower during the application process are the same that are available to the borrower to answer any questions about their loan until a final repayment is made.

Private Student Loan Rates

(Subject to change without notice)

Private Student Loans: 3.99% APR – 13.76% APR

Private Student Loans Variable Rates: 6.00% APR – 13.76% APR
Private Student Loans Fixed Rates: 3.99% APR – 12.61% APR

Private Student Loan Product Benefits

Available for both undergraduate and graduate school student loans
0.25% Interest Rate Reduction with automatic payments
Interest paid on private student loans may be tax deductible
No origination fees or prepayment penalties
Cosigner release available
30-day no-fee return policy for all borrowers
All loans funded by community lenders like not-for-profit credit unions and community banks
- Funds can be used to pay for qualified education expenses, including:
  - Tuition
  - Room and board
  - Books
  - Computer(s)
  - More!

Student Loan Refinancing Rates

(Subject to change without notice)

Student Loan Refinance: 5.24% APR – 9.40% APR

Student Loan Refinance Fixed Rates: 5.24% APR – 9.40% APR

Student Loan Refinancing Product Benefits

2-Minute rate check with no impact on your credit score
No origination fees or prepayment penalties
Network of 300+ community lenders means higher chances for approval and lower rates
Available for private and federal, undergraduate and grad school student loans
0.25% Interest Rate Reduction with automatic payments
One of the largest unemployment protection offers in the market; up to 18 months
Cosigner release available after 12 monthly payments

Sallie Mae®

Get the money you need to help make higher education happen. Student loans from Wheatland FCU in partnership with Sallie Mae® could help!

For those attending or borrowing for a student attending a degree- granting institution. Whether you’re an undergraduate student, graduate student, or parent helping a student pay for school, these flexible loans are designed to meet your needs:

Competitive variable and fixed interest rates
No origination fee or prepayment penalty
Multiple repayment options

Types of Loans

Undergraduate School Loan – Smart Option Student Loan® for Undergraduate Students – Pay for your bachelor’s, associate’s, or certificate expenses at a degree-granting school.
Graduate School Loan – Pay for expenses as you pursue your master’s and doctoral degrees
MBA Loan – Pay for your business school expenses as you pursue your Master of Business Administration degree
Medical School Loan – Pay for your medical degree expenses in allopathic, general, osteopathic, podiatric, radiology, sports, and veterinary medicine
Dental School Loan – Pay for your dental degree expenses in general dentistry, endodontics, oral and maxillofacial surgery, orthodontics, pediatric dentistry, periodontics, and prosthodontics
Graduate School Loan for Health Professions – Pay for your health professions degree expenses in allied health, nursing, pharmacy, and other graduate-level health programs
Law School Loan – Pay for your school and associated expenses as you study for your law degree
Parent Loan – Help your student by taking responsibility with a loan in your name.

Learn which loan is right for you

Terms & Conditions

Borrow responsibly – We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.
These loans are made by Sallie Mae Bank or a lender partner. Wheatland FCU is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.
Smart Option Student Loan and graduate loan products: This information is for students attending participating degree-granting schools. Smart Option Student Loan information is for undergraduates only. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans. Borrowers must be U.S. citizens or U.S. permanent residents if the school is located outside of the United States. Non-U.S. citizen borrowers who reside in the U.S. are eligible with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and are required to provide an unexpired government-issued photo ID to verify identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
Parent Loan: This information is for borrowers with students attending participating degree-granting schools. The student is not eligible to be a borrower or cosigner. The borrower, cosigner and student must be U.S. citizens or U.S. permanent residents. The school may refund loan funds directly to the student, and if that occurs, borrower, and cosigner (if applicable) would still be responsible for repaying that amount. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
Although we do not charge you a penalty or fee if you prepay your loan, any prepayment will be applied as provided in your promissory note: First to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

© 2019 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.