Scholarship Available to Credit Union Members

Northeast Ohio Credit Union Outreach Alliance is sponsoring a scholarship that is available to:

  • Seniors and Post-Secondary students who belong to a credit union in one of the following Ohio counties

    • Ashtabula, Cuyahoga, Geauga, Lake, and Lorain

  • There will be three (3) $1,000 scholarships awarded

  • Check back for opportunities and applications

Federal Financial Aid

Federal Direct Loans are a federal financial aid program designed to assist college students who are enrolled at least half-time. To access this assistance, students must complete the Free Application for Federal Student Aid (FAFSA), which can be submitted through the official website at https://studentaid.gov.

Two Primary Forms of Federal Financial Aid Available:

  • Direct Subsidized Loan

    • Who can get Direct Subsidized Loans? Direct Subsidized Loans are available to undergraduate students with financial need.

    • How much can you borrow? Your school determines the amount you can borrow, and the amount may not exceed your financial need.

    • Who will pay the interest? The U.S. Department of Education pays the interest on a Direct Subsidized Loan

      • while you’re in school at least half-time,

      • for the first six months after you leave school (referred to as a grace period*), and

      • during a period of deferment (a postponement of loan payments).

  • Direct Unsubsidized Loan

    • Who can get Direct Unsubsidized Loans? Direct Unsubsidized Loans are available to undergraduate, graduate, and professional students; there is no requirement to demonstrate financial need.
      Note: Award amounts will be reduced if students are enrolled for less than full-time enrollment.

    • How much can you borrow? Your school determines the amount you can borrow based on your cost of attendance and other financial aid you receive.

    • Who will pay the interest? You are responsible for paying interest on a Direct Unsubsidized Loan during all periods.

These loans provide valuable financial support for college students, offering options for both those with financial need and those seeking financial assistance without income-based restrictions.

In-School Student Loans

Unity Catholic Federal Credit Union recognizes the financial challenges Ohio students face in higher education.

  • Our LendKey-partnered private student loans bridge the gap between aid and total costs.

  • These versatile loans cover tuition, housing, books, and supplies.

Here's what you can expect from our private Student Loan program:

1. Versatile Use: Funds cover all education costs, including tuition, housing, and supplies.

2. Affordable Features: We prioritize accessibility with:

  • No application fees.

  • Competitive interest rates.

  • Low $2,000 minimum borrowing limit.

  • Flexible payments: choose interest-only or $25 monthly while in school.

3. Academic Recognition: Our partner, LendKey, rewards your dedication by factoring academic success into the evaluation process.

4. Financial Responsibility: Exhaust all scholarships, grants, and federal aid options first to minimize overall costs.

Apply for a Unity Catholic Private Student Loan today. It’s easy, free, and designed to help you reach your goals.

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Student Loan Refinancing

Unity Catholic Federal Credit Union can help you take control of your Student Loan debt. Refinancing your federal and private student loans can help reduce your monthly payments or even help pay off your loans faster.

We’ve partnered with LendKey to make repaying your student loan debt easier! Plus, enjoy these great benefits.

  • Make one loan payment, instead of several

  • Choose the option that best fits your situation

  • Discount for making automatic (ACH) payments

  • Co-signer release after 24 months of on-time, interest, and principal payments, when requested