A UFirst Credit Union Private Student Loan can help you bridge the financing gap when other types of
financial aid like grants, scholarships, and federal loans are not enough to cover the cost of your
college education. With competitive interest rates, exceptionally flexible financing options for
students, and convenient refinancing options, UFirst is Utah’s favorite lender of private student loans.
Education is important to us and we want to help you get the best education without having to worry
about how you're going to finance it. That's why UFirst Credit Union offers awesomely low
student loan rates with either variable or fixed terms. Visit our rates page to see all our current Utah student loan rates.
Apply online for a new student loan or to refinance an existing student loan
Easy Student Loan Application and Quick Approval Process
Borrow as little as $2,000 or up to cost of attendance per year ($120,000 lifetime maximum)
Available if you are enrolled in an eligible school and pursuing a degree program
Competitive interest rates, and with good grades, get even lower rates
Student Loans offered through LendKey
Private Student Loans Can Take You Further
What is a Private Student Loan?
A private student loan is an alternative financing option for students to pay
for college. Students may apply for a private loan in situations where they can’t receive any more federal aid
or if they need extra financing for their student expenses. UFirst Credit Union’s student loan can help you
bridge the financing gap when other types of financial aid such as grants, scholarships, and federal loans are
not enough to cover the cost of your college education.
At UFirst Credit Union, we strive to give you the best choice in Utah for your
student loans. Please get in contact with a representative today if you have any questions. Call 801-481-8800
or apply for your student loan by clicking the button below.
Why Choose UFirst Credit Union For Your Student Loan?
Borrow what you need- Borrow up to $120,000 as an undergraduate, or $160,000 for graduate
Competitive Interest Rates- Based on your academic history, your student loan rates may
be even lower.
Release Your Cosigner- Give more flexibility to your cosigner by releasing them from your
student loan after making 24 consecutive on-time full principal and interest payments. †
0.25% Interest Rate Reduction- Set up recurring monthly payments to enjoy a reduced
interest rate. ‡
No Origination Fee- Why pay us money to process your student loan application? We'll
never charge you any origination fees.
Cover Your Education Costs- Use your loan for any qualified educational expenses
including tuition, room & board, books, and even computers.
Refinancing Student Loans
If you’ve finished your college education and had time to improve your credit
score, now is the perfect time to refinance your student loan debts! Refinance your existing student loans
with UFirst Credit Union to lower monthly payments and reduce interest rates.
15 Minutes & Done — Complete your entire application online in under 15 minutes.
Manage Your Student Loan — Our online portal lets you check your balance, make payments,
and access your account anytime — day or night.
Release Your Cosigner — Give more flexibility to your cosigner by releasing them from
your loan after making 12 consecutive on-time full principal and interest payments.
No Origination Fee — Why pay us money to process your loan application? We'll never
charge you any origination fees.
The credit score required to qualify for an auto loan is relative to the lender. On average, the borrower needs a score in the low 700s for a new car loan and mid-600s for a used car loan.
A borrower's credit history tells the lender whether or not they are high or low risk. When getting approved for an auto loan, most financial institutions will look at the borrower’s industry-specific auto FICO® Score3, along with their base FICO® Score from the three consumer credit reporting bureaus: Equifax, Experian and TransUnion.
This credit score also determines the borrower’s interest rate on the loan. Typically, to get an interest rate between 0–2% on new car loans, the lender will require a credit score of 700 or higher. Reversely, if a borrower finds themselves with a credit score in the mid-600s or low 500s to low 600s, they may expect a lender to give an interest rate three to five times higher (between 10–24%) than those with good or excellent credit.
You can check your FICO® Score for free on our free mobile app, UFirst.
Refinancing your auto loan is a great and easy way to save money on your car payments and to lower the interest rate on your auto loan.
In order to refinance your auto loan, you’ll need to gather the right information and documents. All the necessary information would be the car mileage, VIN number, current car loan numbers, driver’s license, and income verification. After gathering this information, you can refinance your loan with the same lender or with a different financial institution.
After applying, the bank or credit union will check your credit history and let you know if you qualify for a lower interest rate. After approval, the bank or credit union will work with you to set your new loan term to a lower monthly car payment.