Student Loans

Fill the gap in financial aid

Education is one of the best long-term investments you can make. It's also one of the most expensive. When federal financial aid isn't enough, consider a Private Student Loan from Oregon Community Credit Union.

View rates for Private Student Loans

We offer variable interest rate and fixed rate on Private Student Loans.* Exact rates will depend on credit worthiness.

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Student eligibility

Students must be enrolled at least half-time to be eligible for a Private Student Loan. Borrowers must be over 18 to apply, and a U.S. citizen/national or eligible non-citizen. We recommend having the student be the primary borrower; however, students can, add a co-signer to the loan.

As an undergraduate, you can borrow between $1,000 and $10,000 annually, and up to $40,000 over your entire undergraduate career. As a graduate student, you can borrow between $1,000 and $14,000 annually and up to $60,000 over your entire graduate education.

There's no loan origination and no repayment fee, plus you'll receive a 0.25% Annual Percentage Rate (APR) rate reduction with automatic payments.**

Need a co-signer?

To qualify for a Private Student Loan without a co-signer, you'll need:

  • Five years of credit history other than student loans
  • Minimum credit score of 660 and minimum income of $18,000 per year
  • Debt-to-Income ratio calculation on all open loans listed on your credit bureau report can’t exceed 45%, including your monthly housing payment

Eligible schools

The Private Student Loan can be used for undergraduate or graduate degree programs at nonprofit, four-year public, or private higher education institutions. This loan cannot be used for two-year, trade, or certificate programs. The institution must have a cohort default rate equal to or less than 7% for the latest fiscal year as published by the U.S. Department of Education.

Check school eligibility


We'll disburse your funds directly to your school. Once your balance with the school is paid, your school will send you any refunds. The remaining funds can be used on education-related expenses, such as housing, books, fees, etc. Interest begins to accrue upon disbursement.


We offer repayment terms up to 15 years. You can defer payments while in school; however, interest will begin accruing upon disbursement. Standard, interest-only, and fully deferred loan programs offer a six-month grace period before repayment begins.

Have questions?

Want to learn more about our student loans? Let's connect!

*Variable APR 5.52%  to 11.52%. Fixed APR 7.74% to 12.74% Rates may change and are current as of 04/01/18. For example, on a private student loan for $10,000 at 5.52% for 120 months, you would make 120 payments of $108.63. APR reflects a 0.25% discount for automatic payments.
**If at any time automatic payments are stopped, payment is returned NSF for 2 months in a row, Borrower is past due or the loan is not in repayment status, the rate discount 0.25% will not be applied. OCCU reserves the right to modify or discontinue Borrower Benefits at its discretion and without notice.