Student Lending
Managing your student loans can be confusing and costly. If you’re looking for private lending options, we may have just what you need.
Easy-to-use calculators
Tally everything from what it will take to pay off debt to how much to save for emergencies.
TRADITIONAL EDUCATION LOANS
These loans are for students that are currently in school or have already completed their education at college, university, trade school or similar.
EDUCATION LINE OF CREDIT
While attending a secondary school, college or trade school, an education line of credit helps you manage common expenses such as:
- tuition
- books and supplies
- room and board
Take advantage of this open-end, variable-rate loan with terms up to 120 months and amounts up to $40,000.¹
For a quicker application process, log in to online banking, click “Apply Now”, select "Personal Loan" and then choose a "Line of Credit" loan type.
STUDENT LOAN REFINANCE
After graduating, you can refinance or consolidate your existing private and federal student loans into one manageable, convenient loan payment and a potentially lower rate.²
Refinance your private or federal student loans, including PLUS loans, for up to $125,000.³ Take advantage of our competitive interest rate and no origination fees. For more information and helpful loan tools, visit Student Choice. You can also receive a 0.25% APR rate discount for automatic electronic payment.†
Who’s eligible?
College graduates who are:
- Credit Union members
- U.S. citizens or permanent residents who have graduated from an approved public or private not-for-profit ‡
- In repayment or grace on one or more outstanding private or federal student loans
- Able to meet minimum credit and income qualifications. (A cosigner may assist meeting some credit and program requirements and may also help qualify for a lower rate.)
Before you apply, keep in mind that when refinancing federal student loans, you may lose certain borrower benefits from your original loans. These may include interest rate discounts, principal rebates or some cancellation benefits that can significantly reduce the cost of repaying your loans.
EDUCATION LINE OF CREDIT
While attending a secondary school, college or trade school, an education line of credit helps you manage common expenses such as:
- tuition
- books and supplies
- room and board
Take advantage of this open-end, variable-rate loan with terms up to 120 months and amounts up to $40,000.¹
For a quicker application process, log in to online banking, click “Apply Now”, select "Personal Loan" and then choose a "Line of Credit" loan type.
STUDENT LOAN REFINANCE
After graduating, you can refinance or consolidate your existing private and federal student loans into one manageable, convenient loan payment and a potentially lower rate.²
Refinance your private or federal student loans, including PLUS loans, for up to $125,000.³ Take advantage of our competitive interest rate and no origination fees. For more information and helpful loan tools, visit Student Choice. You can also receive a 0.25% APR rate discount for automatic electronic payment.†
Who’s eligible?
College graduates who are:
- Credit Union members
- U.S. citizens or permanent residents who have graduated from an approved public or private not-for-profit ‡
- In repayment or grace on one or more outstanding private or federal student loans
- Able to meet minimum credit and income qualifications. (A cosigner may assist meeting some credit and program requirements and may also help qualify for a lower rate.)
Before you apply, keep in mind that when refinancing federal student loans, you may lose certain borrower benefits from your original loans. These may include interest rate discounts, principal rebates or some cancellation benefits that can significantly reduce the cost of repaying your loans.
PILOT TRAINING LOANS
These loans are for aspiring pilots that are just starting their training or pilots that have already completed flight school and obtained their license.
AMERICAN AIRLINES CADET ACADEMY LOAN
For student pilots starting their career through the American Airlines Cadet Program, we have options to help with 100% of Academy financing with terms up to 25 years.
We’ve been supporting American Airlines for more than 85 years and look forward to the opportunity to work with you and watch your career take flight.
Learn more about our American Airlines Cadet Academy financing.
AMERICAN AIRLINES CADET ACADEMY LOAN
For student pilots starting their career through the American Airlines Cadet Program, we have options to help with 100% of Academy financing with terms up to 25 years.
We’ve been supporting American Airlines for more than 85 years and look forward to the opportunity to work with you and watch your career take flight.
Learn more about our American Airlines Cadet Academy financing.
ADVICE, TIPS & NEWS
College on a Budget
Heading off to college is an exciting time for students taking their first steps into adulthood. That transition also means handling your own schedules, budgets, meals and personal care...tasks that kids take for granted while living with their parents.
Read more about common college expenses
Pay Off Student Loans Faster
National student loan debt has hit $1.26 trillion and impacts about 44.2 million Americans.
Committed to Your Financial Wellness
Committed to Your Financial Wellness
Mobile & Digital Services
We understand your on-the-go account access needs.
Mobile Apps
Our mobile apps offer a number of convenient services, including mobile check deposit, bill pay, credit score monitoring, personal financial management tools and more!
GET THE APPS♦
- Apple Watch – To turn on, simply log into our mobile app and select “Apple Watch” under “Settings” in the left-hand menu.
♦ Mobile services require web access. Check with your wireless carrier for any fees that may apply.
Apple Watch is trademark of Apple Inc.
Google Play is a registered trademarks of Google LLC.
Digital Wallet
Add your Credit Union debit and credit cards to your enabled device to make secure payments and simplify your checkout experience with a variety of digital payment options.
Apple Pay and Apple Watch are trademarks of Apple Inc.
Samsung Pay is a registered trademark of Samsung Electronics Co. Ltd.
Google Pay and Google Play are registered trademarks of Google LLC.
Visa is a registered trademark of Visa International Service Association. The EMV® SRC payment icon, consisting of a pentagon design oriented on its side with a stylized depiction of a fast forward symbol on the right, formed by a continuous line, is a trademark owned by and used with permission of EMVCo, LLC.
Financial Management Tools
Our budget and finances feature allows our members to track their spending with a fully interactive, real-time updating dashboard that loads existing Credit Union accounts while allowing the addition of accounts from other financial institutions. Within your online banking account you have access to two tools that help you keep your finances on track:
- Personal Finance Manager and Credit Monitoring.
MARKETPLACE
With our one-stop shop for financial apps, you can select from a set of third-party apps to help you run your business, pay down loans fast, donate to charities and much more – all in one convenient location.
Please note: Fees and qualifications vary by app.
Apps include:
- Autobooks Small business owners can simplify their books, manage cash flow and access the necessary reports.
- Changed Borrowers can pay down debt with spare change to save time and money and reach their goals sooner.
- Givio Individuals can donate to more than 1.6 million 501(c)3 nonprofits – or support a cause from a list of local nonprofits – directly from their bank account.
- OneDigitalTrust Users of this estate- and inheritance-planning platform can create legal documents, including wills, living trusts, healthcare and financial powers of attorney and others.
- Trustworthy® Successful modern families can collaborate with loved ones and advisors to protect and organize their most important information. Secure items like family IDs, money, property, passwords, insurance, tax records, estate documents, contacts, and more – all in one place.
To register: Use a browser to log into online banking and select “Marketplace” to get started. Your Marketplace apps can be managed through the Credit Union app♦ after completing registration on a browser.
American Airlines Credit Union does not assume any responsibility or liability for any purchases or promotions made by a third party
♦ Message and data rates may apply. Check with your mobile provider.
¹ Minimum payment will never be less than $13.00 per month per $1,000.00 or any part thereof. Rate and actual credit limit is based on applicant’s creditworthiness and underwriting criteria. Ask the Credit Union for details. Unless otherwise noted, the Annual Percentage Rate (APR) for variable rate loans will be based on the Prime Rate as published in the Wall Street Journal (Index) as of the day of the advance, plus a margin. Rate changes based on changes in the Index will take effect on the next business day after the Index change is published. The APR on existing balances for Education Line of Credit loan advances will change quarterly on the first day of January, April, July and October to reflect any change in the Index in effect on the last day of the previous quarter. Click here for interest rates.
² Subject to credit qualification and additional criteria, including graduating from an approved school.
³ Student loans and underwriting is made available through American Airlines Credit Union. Application processing provided by Student Choice and loan servicing and repayment programs provided by University Accounting Service, LLC.
† If your loan is subject to a floor rate (also known as a minimum interest rate) as specified in your promissory note, your rate will never be less than the floor rate.
‡Approved schools are subject to change.
