Student Loans

Worry about tests, not tuition.

The rising cost of education needs loans that rise to the occasion. A Quorum student loan can provide a line of credit for everything from books, to meals, to tuition and rent. Brilliant.

Like all of our products and services, to apply for a Quorum Student Loan, you need to become a member first.



Higher education at lower rates.

  • No payments for students enrolled at least half-time
  • Six-month grace period after graduation
  • No origination fees or prepayment penalties; flexible repayment options
  • No co-signer required, but may improve chances of approval and lower rate
  • Minimum $1,000 up to total cost of education, minus other financial aid, with aggregate lifetime max of $75,000
  • Variable interest rate based on Prime, with discounts for automated payments
  • You may qualify for federal student loans. We encourage members to exhaust those options before applying for a private student loan; they’re often less expensive, with the widest variety of repayment options.


Keep us in your book bag.

Student Choice is an organization that helps students fill the gap between total education costs and traditional financial aid. With guides, tools, and resources standing by.

Check out StudentChoice


Effective Date 11/27/2023. All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required.

The Annual Percentage Rate (APR) for our undergraduate private education line of credit is variable1 and is based on the Prime index2 plus a margin.

The current offered rate3 will be between 11.50% and 12.50% APR. For a discounted rate (0.25%), you must have autopay during repayment.

Repayment term of 20 or 25 years.4


1The Annual Percentage Rate is subject to increase after consummation. The interest rate will be adjusted quarterly, based on changes to the Index. The APR will not exceed 18.00% or fall below the Floor rate regardless of the Index or any additional rate discount. Any increase in the Index may increase the APR and the amount of your monthly payment.

2The “Index” for the quarter beginning October 1st, 2023, is 8.50%, which was the Prime index published in the Wall Street Journal on the first business day of September 2023.

3Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Interest Rate, Margin, Floor, and/or credit approval depends upon the credit qualifications of the student borrower and co-borrower (if applicable). Margin will be disclosed at account opening. Student borrowers may apply with a creditworthy co-borrower which may result in a better chance of approval and/or lower interest rate.

4The repayment term is 20 years if your principal balance at repayment is $40,000 or less, and 25 years if your principal balance at repayment is more than $40,000.

Link to Student Lending Center.