WESTERLY — Westerly Community Credit Union has launched a new college refinance loan, offering members the ability to combine federal, private, and Parent PLUS student loans into one monthly payment. With this new loan, WCCU members can qualify for a lower interest rate or pay off debt faster after refinancing into a shorter loan term. By refinancing, a borrower could also release a co-signer from their loans.
“After listening to our members and researching the options, we learned that there is a large need for our college refinance loan in our communities,” stated Steve White, president and CEO. The loan is available to full-time working college graduates, or their parents, and offers both fixed and variable rate loans.
To apply or for more information on WCCU, visit its website, westerlyccu.com.