Stanford University

✔ FAQ

Need Assistance?

For assistance with opening a new private education line of credit, or to request additional funds from an existing line of credit, please call:
866-614-7824

Key Features of Our Program

Variable rates between 6.00% and 10.00% APR^*
Fixed rates between 5.75% and 10.75% APR
- Reduce your rate by 0.25% by making automatic electronic payments
- Co-borrower not required, but having a qualified co-borrower could result in a lower interest rate
Apply once and secure financing for your entire graduate studies with unique line of credit structure^†
Available to U.S. citizens and permanent residents
Flexible repayment options, including full deferment of payments while in school^†
Optional graduated repayment which provides lower payments during the first two years of repayment
A loan from a not-for-profit credit union - a lender relationship you can trust

Borrowing Limits

Students can borrow from $1,000 up to $230,000. Please note, co-borrowers may only sign on multiple lines of credit up to $250,000.

The maximum loan amount will be the certified need determined by your school, up to a maximum amount set by your credit union for the remainder of your graduate education.

Apply for Variable Rate

Return to an existing application or request additional funds

Apply for Fixed Rate

Return to an existing application or request additional funds

Interest Rates

Variable Rate

The Annual Percentage Rate (APR) for our graduate private education line of credit is variable¹ and is based on the Prime index² plus a margin.

The current offered rate³ will be between 6.00% and 10.00% APR

Reduce your rate by 0.25% by making automatic electronic payments*
Co-borrower not required, but having a qualified co-borrower could result in a lower interest rate

Your Interest Rate⁴ is calculated by adding the Index plus a Margin⁵, subject to a minimum APR (Floor). The Floor rate is in effect any time the Interest Rate is below your assigned Floor rate. All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required. Contact us for membership details.

Fixed Rate

The Annual Percentage Rate (APR) for our graduate private education line is fixed⁶ for the life of the loan.

The current offered rate⁷ will be between 5.75% and 10.75% APR

Reduce your rate by 0.25% by making automatic electronic payments*
Co-borrower not required, but having a qualified co-borrower could result in a lower interest rate

All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required. Contact us for membership details.

Rate Disclosures

The Annual Percentage Rate is subject to increase after consummation. Your Interest Rate is variable and may be adjusted quarterly on each January 1, April 1, July 1 and October 1 (Adjustment Date) based on the Prime Indez as published in the Wall Street Journal on the first business day of the month immediately prior to the Adjustment Date (e.g., December, March, June and September). Any increase in the Index may increase the APR and the amount of your monthly payment.
The "Index" for the quarter beginning October 1, 2024, is 8.50%, which was the Prime index (Index) published in the Wall Street Journal on the first business day of September 2024
Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Index, Margin, Floor, and/or credit approval will depend upon the student borrower’s and co-borrower’s (if applicable) credit qualification. Applicants may apply with a creditworthy U.S. co-borrower which may result in a better chance of approval and/or lower interest rate.
The APR will not exceed 18.00%, or fall below the Floor rate regardless of the Index. Any increase in the Index may increase the APR and the amount of your monthly payment.
Margin will be disclosed at account opening.
Your interest rate is fixed and your rate and/or credit approval depends upon the credit qualifications of the student borrower or coborrower (if applicable).
Your actual rate within the range stated will be disclosed upon approval. Student borrowers may apply with a creditworthy coborrower which may result in a better chance of approval and/or lower interest rate.

*If you set up auto-payments through the loan servicer, you may further reduce your rate by 0.25% when you select full repayment of principal and interest while in school or during the repayment period. However, the rate will not be reduced below any floor rate.

Frequently Asked Questions

U.S. citizen and permanent resident graduate students enrolled or enrolling in a Stanford graduate program.

Please see the interest rates section.

Variable Rate Option: the repayment term is 20 years if your principal balance at repayment is $40,000 or less, and 25 years if your principal balance at repayment is more than $40,000.

Fixed Rate Option: the repayment schedule is fixed at 10 years regardless of the amount you borrow. Full repayment begins at the end of the grace period, unless full repayment is selected during enrollment.

Apply now and receive instant line of credit approval. Or, call 866-614-7824 to apply by phone. Representatives are available 24 hours a day, 7 days a week to accept applications and answer your questions.

For your second academic year, as a returning borrower with an existing line-of-credit, you do NOT need to complete an entirely new application to request additional funds. Simply apply for additional funds from your existing line-of-credit.

* APR = Annual Percentage Rate
** Subject to credit qualification and annual credit review. Must meet school's Satisfactory Academic Progress (SAP) requirements.
† Approved programs subject to change

Custom Loan Program for Domestic Graduate Students at