NASA Federal Credit Union Student Loan Review

Explore about the reviews of Financial services NASA Federal Credit Union, their interest rates, terms, eligibility , application process.

Updated by Kirtika Acharya on 2nd September 2020

Financial services NASA Federal Credit Union, headquartered in Upper Marlboro. The credit union was founded in 1949, serving more than 140,000 around the country. NASA FCU offers a network of fee-free ATMs. NASA FCU offers online banking, mortgage, and auto loans, credit cards.NASA Federal Credit Union Student Loan provides flexible access to student loan funding to borrowers with no origination fees, deferred monthly payments, and competitive interest rates.

Table of contents:

Nasa Federal Credit Union Student Loan Review

Navy Federal Credit Union was found in 1949 having 177,000  members across U.S. If you are out of options with federal and private loans you can consider Navy Federal Credit Union student loans. They offer both fixed and variable rate loans without any application fees or origination fees. 



Good interest rates (fixed) are provided that are comparatively better than other loans.

Even after applying for co-signer release, it can take a long time, or in cases, a cosigner will not be released till the end of loan repayment.

Application for loan etc is completely online and user friendly.

Hard credit check

No additional fees for schooling, the process of reapplication can be avoided, foreign transaction fees, no balance transfer fee

Since the loan duration can be long, you may end paying more money on interest

Can have a cosigner if needed

Must be a Nasa Federal Credit Union member

NASA Federal Credit Union offers funds until your education is completed. In case you need more funds to complete your studies, you do not have to start the process of requesting funds all over again. Similar to other education loans, credit is based on the total cost of attendance for the school the student is attending or plans to attend.

Eligibility and Applying for NASA FCU

  • Must be a US citizen or permanent resident. 

  • Must be a member of the Nasa Federal Credit Union 

  • Must be 18 years of age, and above 

  • The application process can be completed online through NASA Federal Credit Union website

  • A cosigner can be added to get better interest rates while the student is listed as the primary applicant. 

                              Worried about your college tuition? Find best student loans for you

Rates and Terms

Interest rates: 6.17%

Repayment term: 20 or 25 years

Student Choice Loan of NASA FCU has a lower interest rate as compared to other fixed-rate student loan lenders like private lenders. Students can defer payment on the line of credit as long as they are attending school at least half-time. The maximum line of credit amount cannot exceed the remaining cost of attendance.

Repayment options with NASA FCU

There are no pre-payment penalties if students want to make payments on the line of credit balance during the deferment period, or a larger amount than the minimum due on the loan once repayment begins.

All students who use the NASA FCU Student Choice line of credit to finance their education have a deferred repayment schedule. This means that there are no payments due on the line of credit while the student is still in school. Once the deferment period ends, repayment extends either 20 or 25 years. The Student Choice Loan program from NASA Federal Credit Union is a very unique student loan option for its borrowers.

Line of credit works as a flexible, that helps to avoid reapplication process for funds every year. The online tool helps in the easy application process and calculation for the total amount required studies. Student borrowers enjoy a fixed interest rate, and a co-signer may be added to help strengthen an application.

But the borrowers must meet the membership requirements qualify, and without a co-signer, they may not be eligible based on personal credit history. Learn more about different Credit Union Student loans.

There may be other student loan solutions that offer less acrimonious qualification requirements. It’s important to compare private student loans to make sure the financing is the best fit for your financial circumstances in the future.