summit-bracket2 bracket2 atm-outline location-pin-outline location-pin-filled atm-filled calendar2 bracket google-play[2] app-store summit-location-pin-lg code lock user worksheets phone print programs open pdf checkmark-form close-x close download checkmark-chart checklists blog-tools social-facebook social-google-plus social-pinterest social-twitter social-youtube ehl calendar calculators bracket22 checkmark email text-area-corner external-link success error information warning calendar-add-event auto-rates mortgage-rates home-equity new-certificates ncua summit-logo-itmoi arrow-left arrow-right checkmark2 summit-logo-white summit-bracket silhouette arrow-down arrow-up auto-rates2 blog calculators2 call ehl2 home-equity2 itmoi locate mortgage-rates2 new-certificates2 programs2 search summit-location-pin-sm tools clock
Mobile Menu Header

Search form

Student Loans and students
let's talk
Student Loans
Apply

The more you Learn the more you can Earn.

We know it’s not easy to get through school without financial assistance, and we're here to help.

     

  1. In School Private Student Loans

    A private student loan from Summit can help you pay for education expenses not covered by your financial aid package, while in school. You can borrow as little as $2,000 or as much as the cost of attendance per academic year.* Qualified school expenses include tuition, books, computers, room and board.

    Apply for an In School Private Student Loan

    Here’s how Student Loans works
    • Summit can help make getting your loan and making your payments as easy on you as possible.
    • No origination fee (in other words, no charge just for creating the loan)
    • Low interest rates, including fixed and variable rate options • Flexible, lower monthly payment options because Summit offers longer terms than most lenders
    • Low monthly payments while you study
    • Six-month grace period after leaving school before full interest and principal payments begin
    • Option for reduced payments or interest-only payments for up to two years after graduation
    • Summit Credit Union membership benefits, including Student Free Checking, online banking and Summit’s app with mobile deposit
    Here's who can apply

    To be considered for a private student loan, you must be a U.S. citizen or permanent resident age 18 or older, plus be enrolled in an eligible school at least half-time and pursuing a degree program. 

    Applying with a creditworthy cosigner may increase your chance for approval and may lead to a lower rate. Cosigners may be released from the loan after 24 consecutive months of on-time principal and interest payments. 

  2. Consolidation Loans

    A consolidation loan keeps things simple because you’ll only be making one monthly payment. You also may be able to lower your interest rate and save a bunch of money – a little every month and a lot over the long run.

    Apply for a Consolidation Loan

  3. STUDENT LOAN REFINANCE

    Want to lower your monthly student loan payment? Refinance your loan from another lender and save!

    Apply for a Student Loan Refinance

Private Student Loan - In School
Rates Effective August 21, 2019
Apply
Term Index Interest Rate
180 Months Variable, based on 3-Month LIBOR and may increase after loan consummation, subject to floor rate of 2.99%. 5.31% - 10.81% (5.20% APR - 10.13% APR)
120 Months Fixed 6.5% - 12.25% (6.27% APR - 11.21% APR)
Private Student Loan - Consolidation
Rates Effective August 21, 2019
Apply
Term Index Interest Rate
240 Months Variable, based on 3-Month LIBOR and may increase after loan consummation, subject to floor rate of 2.99%. 5.31% - 10.81% (5.31% APR - 10.81% APR)
180 Months Fixed 6.5% - 12.25% (6.50% APR - 12.25% APR)
Frequently Asked Questions