College Resource Center

Learn more financial aid tips at Ken's Korner

Our private student loan is a low cost student loan made to meet your education needs. Borrowers are required to make Good Faith payments during school and including the Grace Period. (The Grace Period is a 6-month period of time that begins once a borrower graduates or is no longer enrolled at least half-time in a degree granting program.) After the Grace Period, the borrower must begin making regular principal and interest payments.

Borrow as little as $2,500 or as much as $10,000 per year. It takes just a short time to apply online.

Student Benefits

• Competitive Interest Rates and with good grades, get even lower rates!
• 1% Interest Rate Reduction once you have repaid just 10% of the loan.
• 30 Day No-Fee Return Policy - Find a cheaper way, you can cancel the loan.
• Use for ALL Education Expenses - Eligible expenses are determined by your school of choice
• The friendly staff at SouthPoint is here to help with any questions.

FAQ's

• Easy Web Based Application
• $25.00 or interest payment each month = financial responsibility.
• Borrower and Co-Borrower receive eStatements each month to track loan balance and payments
• Rate based not only on credit scores of co-borrower but on borrowers academic rating, number of years in school, and school attended
• Disbursements payable through Financial Aid Department of school of choice
• Borrower and Co-Borrower must be a member of SouthPoint Federal Credit Union

Private student loans combined with our EzStart Savings Account, Free Checking, Debit Card, Credit Card, Virtual Branch (Online Banking) and Mobile Banking provides an ideal package for graduating students.

Remember, it is best to apply for a private student loan AFTER you have explored and exhausted all federal aid, grants and scholarship options.