Private Education
Line of Credit

Our innovative Student Choice private student lending solution is designed to help you responsibly fill funding gaps that may remain after you've exhausted lower-cost sources of aid.

Convenient and Flexible College Funding

With our private education line of credit, you can secure funding for your entire undergraduate career with just one application!* In future academic years, simply request funds from your line (called a “draw”) for the amount you need – no need to reapply! And with repayment terms of 20 or 25 years (depending on loan amount) and in-school deferment, we’ll help you successfully manage repayment. As a local, not-for-profit credit union, we’ve got your best interests in mind.

Current Rates

Variable Rate Solution

Variable Rate icon

As rates rise and fall according to the market index, your monthly payment may change over time. Learn More

Rate Ranges: 5.00% - 9.25% APR


Apply for Variable Rate

Fixed Rate Solution

Fixed Rate icon

Get a fixed monthly payment with a rate that doesn't change over time. Learn More

Rate Ranges: 6.00% - 10.25% APR


Apply for Fixed Rate


You can potentially reduce your rate by 0.25% by enrolling in automatic electronic payments during full repayment**

Eligibility Requirements

To be eligible for our private education line of credit, you must be enrolled in a degree-granting program at an approved school and be a member of Digital Federal Credit Union. You may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded. Be sure to review all eligibility requirements.

Typical Online Application and Funding Timeline

Day 1

Initial Credit Application Started

Days 2-16

Document Submission And Verification

Days 17-31

Loan Certification By Your School

Days 32-42

Loan Disbursement To Your School


Personalized Support

* Subject to credit qualification and annual credit review. Must meet school's Satisfactory Academic Progress (SAP) requirements.
** The APR will not fall below the floor rate regardless of the index or any additional rate discount
† APR = Annual Percentage Rate
‡ Approved schools subject to change without notice.