Student Loans – College

Ohio Catholic FCU’s Private Student Loan Program

Private student lending helps fill the gap left in paying for a college education when Federal Student Loans, scholarships and other forms of financial aid are not enough to cover the full cost of a college education.  Ohio Catholic is committed to helping students find the best funding for their education.  With lower interest rates and no origination fees, significant cost-savings will be realized by choosing Ohio Catholic’s Student Choice Program over other alternative private student lending programs.
  • Line of credit available for 4-year public or private non-profit approved schools
  • Borrow up to $75,000* (may require a qualified co-signer)
  • Release co-signer/co-borrower from repayment obligation program available
  • 20-year repayment on balances less than $40,000; 25-year on balances greater than $40,000
  • No origination fees
  • No pre-payment penalties
  • Partial or full deferment payment options available while in school
  • Highly competitive variable rates based on credit worthiness
  • Discount is available for automatic payment from credit union account
  • Interest paid is typically tax deductible**
  • Easy application process online or via toll-free number
To learn more or apply online, CLICK HERE or call (866) 671-8038.

A few local college and universities  that are on the Student Choice Approved Colleges and Universities list

Ashland UniversityKent State University
Baldwin/Wallace CollegeLake Erie College
Case Western Reserve UniversityNotre Dame College of Ohio
Cleveland Institute of Art (The)Oberlin College
Cleveland State University University of Akron (The)
Hiram CollegeUrsuline College
John Carroll University Walsh University

 Before applying for Student Choice Program:
  • Before applying, fill out a FAFSA (Free Application for Federal Student Aid) found at, apply for your Personal Identification Number (PIN) at  Your PIN serves as your electronic signature and provides access to your personal records.
  • Apply for multiple scholarships.
    • Check with your college financial aid office for listings.
    • Free information on preparing for and funding education beyond high school including a scholarship search wizard can be found at
  • Take the maximum amount of Federal Stafford Loans before applying for the Student Choice Program because
    • Government pays the interest
    • Government capped interest rate maximum
    • Deferred payment option until after leaving the school


*Excludes any previously awarded financial aid as certified by the school.  To qualify, the student must meet all of the following credit criteria: minimum 660 FICO score; two years of continuous employment history; a minimum gross monthly income of $1,500; no foreclosure, lien, bankruptcy, student loan default, and 24 months of credit history.  If the student does not meet these requirements, a co-borrower will be necessary.
** Consult your tax adviser.