Undergraduate Line of Credit

Focus on what is really important and let us handle the rest!

Our Student Choice private loan solution is designed to fill the funding gaps that may exist after all lower-cost sources of aid (including scholarships, grants, and federal Direct Subsidized and Unsubsidized loans) have been exhausted. And since these loans are being offered through Southland Credit Union, you know you're getting a great deal from a not-for-profit lender you can trust.

Even if the ongoing pandemic is leaving you unsure about the college you'll be attending or the exact amount of funding you may need, we've got you covered! You can still establish a line of credit to secure your funding, and then come back later this summer once you've finalized your plans in order to request the exact funds you need and/or select your school. We're here for you.


Benefits of our undergraduate loan solution

  • Ability to secure your college funding even if you're unsure of your college or exact funding needs

  • Unique line of credit structure lets you borrow once for your full undergraduate career without reapplying each year1

  • Choose a fixed or variable interest rate

  • Potentially reduce your rate by 0.25% by enrolling in automatic electronic payments during repayment

  • Multiple repayment & in-school deferment options

  • Borrow local from a not-for-profit credit union you can trust


See rates page for additional information, repayment examples, and important disclosures


We offer both fixed and variable rate line of credit options so you can decide which is best for your needs.


Consistent monthly payment - year in and year out.


Current offered rates between 5.50% and 6.25% APR

Borrow up to $50,000



Pro: A predictable monthly payment with an interest rate that doesn’t change.


Consider This: You may pay more over your repayment period because fixed rates are typically higher than starting variable interest rates.


Repayment Term: 10 years regardless of the amount you borrow.



Apply for a fixed rate


Monthly payments can vary over time.


Current offered rates between 3.75% and 4.25% APR

Borrow up to $50,000



Pro: Potentially lower starting interest rates could result in lower monthly payments.


Consider This: Your interest rate can rise and fall over the life of your line of credit so your monthly payment and total interest cost may vary.


Repayment Term: 20 years if your principal balance at repayment is $40,000 or less, or 25 years if your principal balance at repayment is more than $40,000.



Apply for a variable rate