Remember that by refinancing federal student loans, you may lose certain borrower benefits from your original loans. These may include interest rate discount, principal rebates, suspension of loan payments, or some cancellation/forgiveness benefits that can significantly reduce the cost of repaying your loans. Please consider these benefits carefully when considering your options for refinancing federal student loans. The federal government has temporarily paused payments and interest on federal student loans. The U.S. Department of Education provides updates regarding the pause end date. Visit studentaid.gov/coronavirus for the latest information. Refinance disclaimer.
*$500 Cash Offer: To qualify, the loan application must be started between 5/3/2022 and 6/30/2022. Upon approval and disbursement of your refinance loan, the primary borrower will receive a cash deposit of $500. The cash deposit will be awarded in the form of a deposit to your credit union checking or savings account within 90 business days from the funding date of the loan. The primary borrower must be a credit union member in good standing at the time of deposit. Limit one cash award per borrower. The credit union reserves the right to modify the terms of this offer at any point in the future for new applications. The recipient is responsible for any applicable federal, state, or local taxes associated with receiving the cash deposit; consult your tax advisor to determine applicable tax consequences.
**3 Months No Payments, No Interest Offer: To qualify, the loan application must be started between 5/3/2022 and 6/30/2022. Upon disbursement of your refinance loan, no payments will be required and no interest will accrue during a three-month promotional period. After this three-month promotional period ends, this loan requires full payments of principal and interest. The credit union reserves the right to modify the terms of this offer at any point in the future for new applications.
All loans subject to credit qualification and additional criteria, including graduating from an approved school, and be a member of Rivermark Community Credit Union. You may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded.
Student Loans and underwriting is made available through Rivermark Community Credit Union. Application processing is available from Credit Union Student Choice on behalf of Rivermark Community Credit Union. Loan servicing and repayment is available from University Accounting Service, LLC on behalf of Rivermark Community Credit Union.