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Union Federal Education Loan

US Lender

A fee-less private student loan provider that welcomes international students with a US citizen or permanent resident cosigner, offering competitive rates and rate discounts for on-time payments.

Interest Rate
From 3.65% Fixed APR
High Loan Amount
Up to $180,000
Repayment Tenure
Multiple Term Options
Coverage
Eligible US Schools
Check Eligibility Apply Now
Loan Amount
$1,000 – $180,000
Interest Rate
Fixed 3.65%–12.46% / Variable 6.14%–14.59%
Processing Time
Fee-Less Online Application
Repayment Tenure
Multiple Term Lengths Available
Moratorium
Post-Graduation Payment Options
Collateral
Unsecured; Cosigner Required for Most
Overview Eligibility Documents Loan Process Expenses Covered University Coverage Calculator FAQs

Why Choose Union Federal Education Loan?

Cover Up to 100% of Costs

The Smart Option Student Loan can cover up to 100% of your school-certified cost of attendance, with no strict enrollment or program requirements.

Fixed or Variable Rates

Fixed APR from 2.89% to 17.49%, or variable APR from 3.75% to 16.37%, with a 0.25 percentage point discount for enrolling in auto debit.

3 In-School Repayment Options

Choose deferred repayment, a $25 fixed monthly payment, or interest-only payments while enrolled, followed by a 6-month grace period.

Cosigner Optional

Union Federal is known for approving borrowers without a cosigner more often than many private lenders, though a cosigner can improve your rate.

Quick Cosigner Release

Cosigned borrowers can apply for release after graduating and making 12 consecutive on-time principal and interest payments.

Expenses Covered

Tuition Fees
Accommodation & Living Expenses
Travel Expenses
Laptop & Equipment
Insurance
Visa Charges
Books & Supplies
Exam & Other Study Related Expenses

Union Federal Loan Highlights

  • One of the largest and most established US student loan lenders
  • No origination fees for borrowers at degree-granting institutions
  • No prepayment penalty on early repayment
  • Repayment terms of 10 to 15 years of principal and interest payments
  • No collateral required — loans are unsecured
  • Loan products for undergrad, grad, law, and career training programs
  • Cosigner release after 12 consecutive on-time payments and a credit review
  • 0.25 percentage point discount for enrolling in auto debit

Eligibility Criteria

US Citizen or Permanent Resident

Union Federal primarily serves US citizens and permanent residents; international students would generally need an eligible US-based cosigner.

Enrolled at an Eligible School

Applicant must be enrolled at a degree-granting US institution, with no strict minimum enrollment or GPA requirements for the Smart Option Loan.

Cosigner Optional

A cosigner isn't mandatory, but applying with a creditworthy cosigner generally improves your approval odds and interest rate.

No Collateral Required

Loans are unsecured — no property or asset needs to be pledged, regardless of whether you apply alone or with a cosigner.

Documents Required

Standard checklist for education loan applications — confirm the exact current list with Union Federal directly before applying.

Borrower Documents

  • Government-Issued ID
  • Social Security Number
  • Proof of Enrollment
  • Income / Employment Verification
  • School-Certified Cost of Attendance
  • Bank Account Details (for disbursal)

Cosigner Documents (if applicable)

  • Government-Issued ID
  • Social Security Number
  • Proof of Income
  • Credit History Consent
  • Address Proof

Not Required by Union Federal

  • No Collateral Documents
  • No Property or Asset Papers
  • No Application Fee

How Union Federal Education Loan Works

1

Check Eligibility

2

Apply & Upload Documents

3

Application Login

4

Credit Evaluation

5

Sanction Letter

6

Visa Approval

7

Disbursement of Loan

University Coverage

Union Federal funds loans for students enrolled at least half-time at Title IV-eligible degree-granting institutions across the United States — it is a US-focused lender and does not offer loans for study in India or other countries. Coverage and terms are primarily aimed at US citizens and permanent residents; confirm your specific eligibility and school with Union Federal directly or our counsellors before applying.

EMI Calculator

Estimate your monthly EMI for a Union Federal education loan based on amount, tenure, and interest rate.

Open EMI Calculator

Frequently Asked Questions

Union Federal primarily serves US citizens and permanent residents enrolled at a degree-granting US school. A cosigner is optional but can improve your approval odds and interest rate.
No collateral is ever required — loans are unsecured. A cosigner is optional; Union Federal is known for approving qualified borrowers without one more often than many private lenders, though a cosigner can still help your rate.
Yes, loan amounts are based on your school's certified cost of attendance, which typically includes tuition as well as room, board, books, and other education-related expenses.
Repayment terms typically range from 10 to 15 years of principal and interest payments, following a 6-month grace period after graduation.
Section 80E deductions in India generally apply to loans taken from specified Indian banks or approved financial institutions. Since Union Federal is a US-based lender, borrowers should confirm with a tax advisor whether interest paid qualifies for this deduction.
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Still not sure if Union Federal Education Loan is right for you?

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