Student Loans

Piggy Bank

When Federal aid just isn’t enough, we’re here to help!

The cost of college continues to rise, forcing many students and families to resort to higher-cost private student loans to fill funding gaps. As a not-for-profit lender, Olean Area Federal Credit Union has a unique ability to help members and families by offering our Student Choice private lending solution that features:
• Zero origination or prepayment fees
• Lower interest rates
• Simple one-time online application
• Deferment of principal and interest while in school
• Flexible repayment terms including graduated repayment for two years
• Convenient line of credit structure that lets you apply once and secure financing for your entire college career*

*Subject to qualification and annual credit review.

CLICK HERE for more information and to apply online visit our student loan portal.

Click here for info on our April 24th Student Loan Seminar

Simplify Your Life, Amplify Your Funds!

Repaying student loans isn’t anyone’s favorite task. And it’s possible you could have numerous loans with varying interest rates from different lenders, meaning you have to make multiple payments. If you are in grace or repayment on one or more private or federal student loans, Olean Area Federal Credit Union can help make your loan repayment less stressful. With our Student Choice Refinance solution, you can refinance and consolidate your existing student loans into one convenient loan with a local lender you can trust – Olean Area Federal Credit Union!

You may be a good candidate for refinancing your student loans with Olean Area Federal Credit Union if:

  • You’re paying a high interest rate on your loans
  • You have multiple private student loans and/or higher rate federal loans
  • You have a good credit history or a strong co-signer

(Remember, if you refinance federal student loans, you may lose certain borrower benefits from your original loans. These may include interest rate reductions, principal rebates, or some cancellation benefits that can significantly reduce the cost of repaying your loans.)

CLICK HERE to learn more about our Student Choice Refinance solutions or to apply online. We look forward to helping you as you enter the next stage of your life!