Flexibility comes from having choices

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 loans) have been exhausted. We offer both a fixed rate and variable rate line of credit option so you can decide which is best for your needs. And since you're borrowing through Lake Trust Credit Union, you know you're getting a great deal from a not-for-profit lender you can trust.


Consistent monthly payment - year in and year out.


Current offered rates between 6.75% and 8.50% APR

Borrow up to $100,000



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 5.50% and 6.00% APR

Borrow up to $100,000



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



Benefits of our graduate loan solution

  • Unique line of credit structure so you can borrow once for your full graduate career1

  • Choose a fixed or variable interest rate

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

  • Flexible repayment & in-school deferment options

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


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

More Helpful Information


FAQ Eligibility
Common Questions Are you Eligible Approved Schools


  1. Subject to credit qualification and annual credit review. Must meet school's Satisfactory Academic Progress (SAP) requirements.
  2. See rates page for additional information, repayment examples, and important disclosures.
  3. Approved schools subject to change without notice
  4. Make sure to maximize all lower-cost sources of funding before considering a private student loan. For more information, check with your school's financial aid office or visit the Federal student aid website

A better deal from your local not-for-profit cooperative


More than 1,500 approved schools across the country


Answers to your most common questions


Financial resources to help you succeed in college and beyond