Financial Aid Office Resources 

Why Navy Federal

It’s our mission to help students reach their financial goals through every stage of life – from first savings account to education loans, mortgages, auto loans and even retirement. As a not-for-profit credit union, we offer competitive rates on private student loans as well as access to a suite of online tools to help with job searches, interviewing tips and building a resume. Let’s partner together to get your students the life they want, starting with a college education.

Who's Eligible to Join Navy Federal?

To get a Navy Federal student loan, borrowers must be a member. Eligible borrowers can join during the application process. Navy Federal is open to all 6 branches of the armed forces, the DoD, Veterans and their families!

More than 13 million members enjoy low fees, great rates, 24/7 support from our US-based member service team, exclusive discounts, and more.

Navy Federal Private Student Loan Benefits



A co-signer release that may be requested after 24 consecutive, on-time principal and interest payments1
  • ACH Discount


    0.25% interest rate reduction when you sign up for automatic payments2
  • Career


    With a Navy Federal student loan, borrowers are automatically eligible to get an online job search training and take advantage of other resources, including:

    • suggestions for how to find jobs not yet open to the public
    • a job-tracking dashboard
    • online tools and exercises, including a resume builder
  • saving


    Navy Federal encourages responsible borrowing by requiring either a nominal $25 monthly payment (per borrower, regardless of their number of loans) or interest-only payments while in school. This minimal payment promotes responsible repayment habits, reduces costs and helps young borrowers develop credit history

    Learn More
  • credit


    A co-signer release that may be requested after 24 consecutive, on-time principal and interest payments1
  • Loan Processing

    In partnership with LendKey we provide secure online processing for certifying loans, requesting loan reports, and scheduling disbursements along with modifying loan amounts, loan status and graduation details.

    Certification is available through:
    • ELM
    • Great Lakes ScholarNet
    • iLink
    • eCourier
    • SBS with Commonline 4
    • Email
    • Fax
    Disbursement/Roster Methods:
    • ELM NDN
    • Great Lakes CDS
    • iLink CDS
    • eCourier
    • EFT to your school's bank account
    • Paper check

    Loan Details

    • Enrolled at least half-time in a degree-granting program at a participating school
    • A minimum 2.0 GPA and meet Satisfactory Academic Progress (SAP) per the school guidelines
    • Borrower (or cosigner) must have an annual income of $24,000
    • Enrolled students may use funds for past due balances up to 90 days as certified by the school
    • Already be, or become, a member of Navy Federal Credit Union during the online application process
    Borrower limits
    • Minimum: $2,000
    • Maximum: Cost of Attendance minus aid
    • Maximum Aggregate: $120,000 (undergraduate), $160,000 (graduate)
    • Total Maximum Aggregate: $160,000 (undergraduate), $250,000 (graduate)

    Have Questions? Get In Touch.

    Navy Federal's school team is available to answer any questions about our loan products and services

    Financial Aid Office Loan Processing Support

    Member Student Loan Support Services

    1 Subject to Navy Federal Credit Union approval. A request to release a co-signer requires that the borrower has made consecutive timely payments during the repayment period with no periods of forbearance or deferment. The "repayment period" begins after any In-School and Grace Periods. "Timely payment" means each full principal and interest payment is made no later than the 15th day after the scheduled due date of the payment. "Consecutive payment" means the regularly scheduled monthly payment must be made for 24 months straight for private student loans, and 12 months straight for refinance loans, without any interruption immediately prior to the release request. To qualify for a co-signer release, the borrower must submit a request, meet the consecutive, timely payment requirements, provide proof of income, and pass a credit check.

    2 Automatic Payments Discount: The discount requires continued enrollment of automatic payments. The borrower authorizes automatic payments from a personal account via Automated Clearing House (ACH). If automatic payments are canceled at any time after enrollment, the rate reduction will not apply until the automatic payments are reinstated. Automatic payments may be suspended during periods of forbearance and deferment. For variable-rate loans, the APR, including the 0.25% rate reduction, may not fall below the floor rate.