The good side is this: you do not have to turn the process into a complicated task just to get help with costs. FRB Federal Credit Union, also known as FRBFCU, teamed up with Colleging. Together, they offer student and parent loan options meant to make paying for higher education easier to handle.

Whether you are a parent supporting a college student, an undergraduate or graduate student preparing for school, or a graduate looking for a simpler way to handle existing education loans, FRBFCU offers options worth exploring.

A Student Loan Can Help You Focus on What Matters

College costs rise fast. Tuition is not the only expense. Many students also have to cover rent, food, and other daily needs. FRBFCU offers student loan options for people who qualify, to help pay the full cost of attendance, plus living costs. Students with this in-school loan can pick from different repayment plans.

Some people choose to defer payments fully. Others pay interest only at first. Some start paying right away. You can ask for an amount from $3,000 up to $150,000. That range helps borrowers line up funding with their education plans.

The process is also designed for convenience. You can complete the application in minutes using a phone, tablet, or laptop and receive real-time application updates through text.

Parent Loans: Helping Families Handle College Costs

Many parents want their kids to go top college and not have money worries take over the experience. FRBFCU’s Parent Loan can help pay for a student’s tuition. Then the student can stay focused on school. The Parent Loan can cover the full cost of higher education attendance and living expenses. Borrowers can choose repayment terms of 5, 10, or 15 years and borrow between $3,000 and $150,000.

There is also a .25% discount for automated payment deduction. Even better, borrowers can receive a credit decision in minutes and complete the entire application online from a phone, tablet, or laptop.

Undergraduate and Graduate Student Loans With Flexible Choices

Students at different stages of higher education can have different financial needs. That is why having repayment options can matter.

FRBFCU’s undergraduate and graduate student loan allows borrowers to select from fully deferred, interest-only, or immediate repayment options. This flexibility can help students choose an approach that fits their circumstances while pursuing their degree.
The loan offers borrowing amounts from $3,000 to $150,000, along with a .25% automated payment deduction discount. A cosigner release is available after 36 on-time payments, subject to the applicable terms. For students who want to stay informed throughout the process, real-time application updates can also be received by text.

Already Graduated? Consider Student Loan Refinancing

Financing your education does not necessarily end when you leave college. Existing education loans can continue to affect your financial plans after graduation.

FRBFCU’s student loan refinancing option is designed to provide flexibility after you leave school. Depending on your goals, refinancing may help you reduce your payment, lower your interest rate, or combine loans to make repayment simpler.
The education refinance loan offers 5-, 10-, and 15-year repayment terms, with borrowing amounts from $10,000 to $250,000. Borrowers can also receive a .25% discount for automated payment deduction and may qualify for cosigner release after 36 on-time payments.

Built for the Federal Reserve Bank Community

For those searching for a federal reserve bank credit union for education financing, FRBFCU provides dedicated student and parent loan options through its partnership with Colleging.

The available resources can also be relevant to the federal reserve bank of DC human resources community when employees and families are planning for higher education expenses.

Likewise, individuals researching federal reserve bank human resources benefits may want to explore the available education financing options directly. For federal reserve bank HR teams and Federal Reserve Bank Employees looking for information about paying for college, understanding the available student and parent loan choices can be a useful starting point.

Make Your College Financing Plan

Choosing how to pay for college is a big step. Still, the right way to finance it can feel much more manageable. FRBFCU has options for parents, for students in undergrad, and for those in graduate school. It also supports people who are looking to refinance education loans after graduation. FRBFCU offers many choices for education costs.

Borrowers can use parent or in-school loan options from $3,000 to $150,000. You can also pick a repayment plan that fits your needs. Applying online is simple and quick. If you already have loans, refinancing may be available up to $250,000.
If college costs are part of your next financial decision, explore the student loan options available through FRBFCU and take the next step toward making your education goals more manageable.