SmartMoney

Financial tips and money-saving advice from USU Credit Union

NEW! 1.99% Student Loans

January 30, 2017

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Right now, for a limited time, USU Credit Union is offering a student loan with a 1.99% Annual Percentage Rate (APR).

The most recent reports for U.S. student loans indicate Americans owe more than $1.26 trillion. You read that right: trillion. $1.26 trillion is hard to conceive of, so let’s try to put it into perspective. If you had a trillion dollars, you could spend more than $54 million every single day for 50 years and still have a couple grand left over. You could purchase Apple with less than three-quarters of that fortune. You could earn $10 billion more if you invested it in a one-year CD. In short, $1.26 trillion is a monumental amount of student loan debt.

Let’s look at some facts about student loan debt:
• Individual average student loan debt hovers around $30,000;
• Two-thirds of students are graduating with some amount of debt;
• Most student loan debt is incurred through federal loans; and,
• The current interest rates for federal loans range between 3.76% and 6.31% fixed interest for the life of the loan.

This may sound bleak, but right now, USU Credit Union is offering a better way to help you achieve your academic goals with $1 million in private loans, exclusively for Utah State University students. Even better, these loans are being offered with an interest rate of only 1.99% APR.

Are you a full time junior, senior, or grad student? Do you have at least a 3.0 GPA? Are you an Aggie? If you answered yes to these questions, this might be the best student loan for you! Visit any USU Credit Union branch to apply and learn more, or visit our website for more information.

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