If you live, work, worship, volunteer or attend school in New Castle or Kent County, Delaware, or Cecil County, Maryland DEXSTA Federal Credit Union would be happy to help you find low rates for your student loans. Higher education is a worthwhile investment in your future, and we’d love to help you cover the costs of your tuition, student fees, student housing, and other related educational expenses. Here are just a few of the advantages of choosing a local credit union for your student loans in New Castle.

Here’s What You Need to Know About Student Loans in New Castle

Credit Unions Can Offer More Competitive Rates Than Banks

Credit unions can offer competitive rates on student loans. This is because banks are for-profit organizations. High interest rates are just one way banks can cover their operations costs, dividend payouts, and company investments.

Credit unions, however, are not-for-profit organizations owned by their members. They primarily cover operational costs so they can keep costs low for their constituents. For those of you looking for student loans in New Castle, that means you can get competitive interest rates resulting in hundreds of dollars of savings each payment, and thousands of dollars of savings throughout the lifetime of your loan.

DEXSTA Federal Credit Union Provides Competitive Student Loans in New Castle

DEXSTA offers private education loans to undergraduate and graduate school students who are attending school half-time to full-time at one of our approved list of colleges and universities. Students can borrow up to $45,000 annually for undergraduate school or $60,000 annually for graduate school. You won’t have to pay anything until six months after you graduate and you can take up to 15 years to pay back your loan.

We also offer education loans for private elementary, middle, and high-school students. Parents of these students can borrow up to $30,000 annually and can take up to 15 years to pay back the loan. Our K-12 loans are available for DEXSTA approved schools in New Castle County, Delaware and there are no prepayment penalties. You simply have to be the parent or guardian of a student attending a private institution as well as a DEXSTA member.

Not only do we offer competitive interest rates but we also offer discounts for students who elect to pay their payments automatically and who pay 48 consecutive payments on time. Our loan fees range between 2%-8% depending on the loan and our interest rates are based on the Prime Rate. Apply for your student loan today, or stop by one of our branches for more information. We’d love to help you put together a student loan that works for you.