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With student loan debt escalating each year, many Americans are more focused on making a living than living their lives. First Tech is here to help. Our Student Loan Refinance Program may help you manage student debt by improving cash flow, so you can live the life you want now. 

Think of it as your fast track to prosperity. 

Plus, when you refinance your private or federal loans with a member-owned credit union, you also get piece of mind that money made from your interest goes back into the products and services that benefit you

When you refinance your student loans with First Tech, you’ll work with a dedicated specialist to assist in finding a loan and repayment schedule that grows with your success. We listen to your needs and goals and offer the products and services to help you achieve them. 

The Student Loan Refinance Programs offers the following options:

 

 
Rates
Overview
Added Value
Origination Fees
Application Fees
Refinance Fees
Prepayment Penalty Fees
As low as 3.10% APR*
As low as 5.85% APR*
As low as 5.60%*
Pay fixed payments throughout the life of the loan for 5, 10 or 15 years
Make smaller monthly payments and one large payment of 40% or 50% of the original loan amount at the end of the loan term of 15 years
Make smaller initial payments of interest only from 1-10 years, then larger payments of principal and interest for the remainder of the loan term of 15 years
Pay the same fixed monthly payment throughout the loan term.  This option will accrue the least amount of finance charges over the life of the loan.
Pay lower monthly payments at the onset with one final large payment.  A great benefit for professionals who may have bonuses or higher earnings potential as their careers grow. 
Smaller initial monthly payments.  A great benefit for professionals who are likely to have bonuses or higher earnings potential as their careers grow. 
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Lifestyle Package

Refinancing your student loan is just the start. At First Tech we're here to help you with your entire financial life; and that's why, once you get your new student loan, you may also be eligible for discounts on Auto Loans and bonuses on Checking Accounts and Credit Cards.

Learn More
Commercial
DebtSafe
Our DebtSafe program offers the ability to cancel all or a portion of the loan balance in the event of Loss of Life, Disability, or Involuntary Unemployment. Learn More
Manage Existing Loan Image
Is refinancing your student loans the right thing to do?
Learn about the Pros and Cons of refinancing your current student loans. Read Article
Student Loan Infographic
Should you refinance your student loans?
View the NerdWallet infographic to help determine what's best for your situation. Learn More

Calculator

Compare your current student loans to a First Tech Student Loan and see how much you can save.

Am I better off refinancing?

Application Process

step1
Determine Eligibility

In order to be eligible, the following criteria must be met: 

First Tech Member at the time of funding

U.S. Citizen or Permanent Resident

Provide a valid Social Security Number 

Provide a physical U.S. address 

Be of legal age for the state in which you reside at the time of application 

Attended or graduated  from a not for profit  accredited U.S. Title IV eligible school 

step2
Easily Submit an Application

Be prepared with the following information:

Name

Address

Social Security Number

Employer Information including salary

If you are going to have a co-signer

The number of loans you plan on refinancing

The approximate balance being refinanced

step3
After Submission

You will receive two emails: One with the status of your loan application and one with applicable disclosures

If your application is approved, you will receive a notice of approval

You’ll be asked to provide proof of income and recent copies of your current loan statements

You'll be sent loan documents for review and signature(s)

You’ll receive your final disclosure and you will have the option to make automatic payments

Student Loan FAQs

What are the benefits to refinancing my student loans?

Some of the potential benefits include combining multiple payments from various lenders into one payment, and getting a lower monthly payment, a lower interest rate and/or a smaller amount of money paid out over the life of the loan.

What are possible disadvantages of refinancing my federal student loans?

Federal loans offer specific protections for some borrowers including loan forgiveness, deferment, and forbearance. These options could be lost by refinancing a federal loan to a private loan.

What interest rate will I get?

Rates are determined by your credit score, terms of the loan and the amount of the loan. The rate will be disclosed to you prior to you accepting the loan.

Will I save money by refinancing my student loans?

The potential to save money when refinancing depends on a few factors. Both the rate and the length of the new loan will impact your monthly payments. It’s possible to save money on a monthly basis but still pay more over the life of the loan. It’s important to look at all factors when looking to refinance a loan.

What documentation will you need from me?

During the application process we’ll need proof of income, usually a W-2 form for the last two years and a current paystub will suffice. Additionally, we’ll need the most recent statements of your current loans. Other items may be required as we process your loan.

Who can I contact with questions?

You may email the Student Loan Team any time at studentloans@firsttechfed.com or call 888.422.5680.

*APR=Annual Percentage Rate.  Actual rate will be determined based on the applicant's credit history, and final loan terms.  Offer is subject to normal credit qualifications, meeting First Tech Federal Credit Union's relationship requirements and underwriting policy guidelines.  Interest rate and program terms are subject to change without notice.  Additional restrictions may apply.
**15-Year Fixed Loan Term Rate selected for comparison purposes only, your current rate may be higher or lower. 


a.  Not all existing student loans will qualify for refinance under our program; eligibility depends on the school of graduation and the degree .The school must be Title IV eligible, non-profit and offer Bachelors, Masters and/or Doctorate degrees. Title IV refers to the Higher Education Act. A Title IV school is an institution that processes U.S. federal student aid.
b. Membership with the Credit Union is required to obtain a loan.
c. A balloon loan is a loan that requires a larger-than-usual one-time payment at the end of the loan term. This can mean your payments are lower in the years before the balloon payment comes due but you will owe a larger amount at the end of the loan.
d. An interest only loan will have lower payments during the interest only term and will result in a higher payment during the payback period when principal and interest is included in the monthly payment.  
e. Choosing the balloon loan or interest only loan will result in additional interest over the life of the loan when compared to the fixed loan.
f. For your reference, here is a copy of the Federal Benefits Disclosure
g. For your reference, here is a copy of the Student Loan Credit Agreement