Skip to main contentSkip to login

Benefit from these features

Rate discounts

Qualify for discounts with on-time payments and auto debit

No origination fees

No origination fee or prepayment penalty

Multiple repayment options

Choose the repayment option that’s best for you

Rate discounts: Receive a 0.25 percentage point interest rate reduction after making your first 12 on-time principal and interest payments. Plus, get an additional 0.25 percentage point interest rate reduction for enrolling in and making monthly payments by automatic debit.

Undergraduate student loan

USC Credit Union Collegiate Choice Student Loan

For bachelor’s and associate’s degrees or a certificate at a degree-granting school

Apply for this loan

Competitive interest rates
3.98% – 11.35% APR
Fixed: 5.24% – 11.85% APR
Lowest rates shown include the auto debit discount

3 repayment options

  • Defer payments until after you graduate
  • Pay monthly interest while in school
  • Pay $25 per month while in school

Borrow from $1,000 up to 100% of school-certified expenses

Rate discounts: Get a 0.25 percentage point interest rate reduction for enrolling in and making monthly payments by automatic debit. Plus, receive an additional 0.25 percentage point interest rate reduction after making your first 12 on-time principal and interest payments.

Cosigner release available: Apply to release your cosigner from the loan after you graduate, make 12 on-time principal and interest payments, and meet certain credit requirements.

Set yourself up for success with Study StarterSM: Get free access to 4 months of Textbook Solutions and Expert Q&A through Chegg Study®, 30 minutes of live online tutoring through Chegg® Tutors, and 4 months of proofreading and citation help with EasyBib® Plus.

Loan term: 5 – 15 years of principal and interest payments.

Available to students enrolled full-time, half-time, and less than half-time


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.

Explore federal loans and compare to ensure you understand the terms and features. The USC Credit Union Collegiate Choice Student Loans that have variable rates can go up over the life of the loan. Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to provide. Federal loans generally have origination fees, but are available to students regardless of income.

This information is for undergraduate students attending participating degree-granting schools. 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.

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.

USC Credit Union members can earn a 0.25 percentage point interest rate reduction by making their first 12 on-time principal and interest payments or paying ahead an amount equal to the first 12 on-time principal and interest payments. Although you may still earn the benefit if you pay ahead the required amount, the benefit will not be activated until after the 12th principal and interest payment would have been due. Any period in which your loan is in a forbearance, deferment, or Graduated Repayment Period will not count towards satisfying the on-time principal and interest payment requirement.

Borrower or cosigner must enroll in auto debit through USC Credit Union's servicer, Sallie Mae. The rate reduction benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. This benefit may be suspended during periods of forbearance or deferment, if available for the loan.

Interest rates for Fixed and Deferred Repayment Options are higher than interest rates for the Interest Repayment Option. You’re charged interest starting at disbursement, while in school, during your separation/grace period, and until the loan is paid in full. The repayment option that is selected will apply during the in-school and separation/grace periods. When you enter principal and interest repayment, Unpaid Interest will be added to your loan’s Current Principal, and interest will continue to be charged until the loan is paid in full. Variable rates may increase over the life of the loan. Advertised variable rates reflect the starting range of rates and may vary outside of that range over the life of the loan. Advertised APRs assume a $10,000 loan to a freshman with no other Sallie Mae serviced loans.

Loan amount cannot exceed the cost of attendance less financial aid received as certified by the school. USC Credit Union reserves the right to approve a lower loan amount than the school-certified amount.

Only the borrower may apply for cosigner release. Borrowers who meet the age of majority in their state may apply for cosigner release by providing proof of graduation (or completion of certification program), income, and U.S. citizenship or permanent residency (if your status has changed since you applied). In the last 12 months, the borrower must be current on all Sallie Mae serviced loans (including no hardship forbearances or modified repayment programs) and have paid ahead or made 12 on-time principal and interest payments on each loan requested for release. When the cosigner release application is processed, the borrower must demonstrate the ability to assume full responsibility of the loan(s) individually, and pass a credit review that demonstrates a satisfactory credit history including but not limited to no: open bankruptcy, open foreclosure, student loan(s) in default or 90 day delinquencies in the last 24 months. Requirements are subject to change.

This promotional benefit is provided at no cost to borrowers with loans that first disburse between July 1, 2018 and April 30, 2020. Borrowers who reside in, attend school in, or borrow for a student attending school in Maine are not eligible for this benefit. No cash value. Terms and Conditions apply. Please visit for complete details. This offer expires one year after issuance.

This repayment example is based on a typical Collegiate Choice Student Loan made to a freshman borrower who chooses a fixed rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and an 8.88% fixed APR. It works out to 51 payments of $25.00, 119 payments of $162.06 and one payment of $120.23, for a Total Loan Cost of $20,680.37.


The USC Credit Union Collegiate Choice Student Loan is funded by USC Credit Union.

Information advertised valid as of 7/9/2019.