Student Loans

Take Advantage of Our Student Loan ProgramAs the cost of college tuition continues to rise, Elfcu's student lending experts can help you fulfill your educational goals or those of your children. Now you can fill the gaps between federal aid and the cost of tuition.

Our Student Loans feature low interest rates, multiple repayment options, and a line of credit feature that requires a one-time application, but allows for multiple draw requests. Our Student Lending experts want to support you before, during and after college with advice and smart financing choices.

Get started with student loans with Elfcu at or our Student Lending Hotline: (317) 524-5168.

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Elfcu Private Student Loans Feature
  • School-certified, convenient line of credit allows for one application and multiple draw requests
  • Covers costs of attendance, including tuition, fees, books, room and board, and other related expenses
  • Competitive variable interest rates based on credit score
  • 0.25% rate discount during repayment for automated electronic payments
  • No origination or pre-payment fees
  • Flexible repayment options during school and after graduation, including the option to defer payment while still enrolled in school
  • Co-borrower not required; yet qualified co-borrower could result in lower interest rate
  • Co-borrower release with 48 months of consecutive monthly on-time payments
Your Student Loan Options 

Undergraduate Private Student Loan

Attending a four-year, degree granting college or university and need some help?

Check out our Undergraduate Private Student Loans.

  • For attendance at most four-year public and private non-profit schools
  • Minimum draw of $1,000
  • Aggregate maximum of $75,000

Learn more at

Graduate MBA Student Loan

Going back for your MBA? Our Graduate MBA Student Loan may be helpful to you.

  • For attendance at most graduate business schools at four-year public and private non-profit schools
  • Minimum draw of $1,000
  • Aggregate maximum of $100,000

Learn more at

Private Student Loan Consolidation

Are you a college grad looking to combine all your private student loans into one? We can help you consolidate.

  • Combines all your private student loans into one consolidated loan
  • No more sending multiple payments to multiple lenders
  • 15-year repayment term
  • Finance up to $100,000

Learn more at

Traditional Federal Student Loans

Apply through your school, but feel free to contact us for advice via email at or our Student Lending Hotline: (317) 524-5168.

Specific University Student Loans

Art Institute of Indianapolis

UCLA International Private Student Loan

UC Berkeley International Private Student Loan

K-12 Private Tuition Loans

You can borrow what you need for expenses associated with private Kindergarten, elementary, or high schools. You'll pay no fees, no prepayment penalties, and a competitive interest rate. Ask about our guidelines.

Learn more.

Sign up for membership with Elfcu today.

To take advantage of any of our student lending options, you must be a member of Elfcu. If you're not already a member sign-up for membership today. As an Elfcu member, you can recieve these conveniences:  

Member Savings Account
We give you $5 automatically.

High Interest Checking Account with a Visa® Debit Card
A savings/checking account that pays a premium rate on your first $1,000, and gets you access to tens of thousands of surcharge-free ATMs nationwide. Plus 50 FREE checks.

eBranch Internet Banking and Bill Pay
Sign up for eBranch Internet Banking with Bill Pay and eStatements. eBranch is open 24/7, your accounts are locked down, and it's all free.

Take advantage of the world-class services your credit union has to offer. Plus help us grow by encouraging your family members to join and share the many benefits of credit union membership.