Loans - Educational


The Gates Chili Federal Credit Union offers members graduate education loans. While we don't offer undergraduate student loans, we have partnered with Sallie Mae to give members financing options that will help cover the gap between federal financial aid and college expenses. Information on both programs can be found below

Gates Chili FCU Graduate Education Loans

When federal loans are not enough to cover the costs of your graduate education, look to our Graduate Education loans. This loan is available to students pursuing a graduate degree with full or part-time study at a public or private college or university with terms up to 96 months.

  • 100% Financing
    Our loan allows you to finance up to 100% of the total college costs including tuition, room and board, books and all other education costs.
  • Disbursements As You Need Them
    We suggest that you apply for the total amount that you'll need for your graduate education and have the funds paid out from the loan as you need them each semester. This will save interest in the long run as you're not borrowing the full amount all at once.
  • Rates
    For current rate, visit our Rates page.
    We offer low fixed rates and terms up to 96 months with no pre-payment penalties.
  • Tax deductable
    Interest paid on education loans may be tax deductible. Consult your tax advisor for additional information.
  • Easy Loan Payments
    The credit union offers a variety of convenient ways to make your loan payment online, in-person, by phone from your GCFCU account, or through automatic payments.

The Smart Option Student Loan® for Gates Chili Federal Credit Union by Sallie Mae®

As more Americans pursue their dream of higher education, many students are looking for ways to fund the gap between financial aid and college expenses. That's why Gates Chili FCU has partnered with Sallie Mae® to offer you the Smart Option Student Loan®. Students and families can choose from three repayment options designed to help you pay off your loan faster and save money compared to a conventional private loan. With competitive interest rates, flexible repayment options, and a choice of variable or fixed interest rates, the Smart Option Student Loan is a responsible choice.

Features and benefits:

  • Competitive fixed and variable interest rates
  • Cover up to 100% of education expenses
  • Multiple in-school repayment options
  • No origination fees and no prepayment penalty
  • On-time payment rewards
  • Interest rate reductions available for using automatic payments
  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower rate
  • 100% US-based Student Loan Specialists

To help families make informed borrowing choices, loan applicants receive a series of clear disclosures explaining loan terms and estimating total cost. Gates Chili FCU is not the creditor for these loans -- we are making this option available to our members to help them secure financing for their college goals. This information is for borrowers attending degree-granting institutions only. Credit criteria and eligibility requirements apply.

To learn more or to apply online, please get started here.

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See All Rates | Contact a Loan Specialist at (585) 247-1090

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