Learn all about Student Loans!

There are different types of undergraduate (college) and graduate school loans. And, there is an established process one must follow to apply for student loans. You can use the numerous resources below to learn how to fund a university level education.

Student Loan Lessons Visit the Money-Wise! info below for further information on the student loan process. You will quickly learn from these 24/7 on-demand videos and learning modules.

Undergraduate Loans: You will find a Guide to Financial Aid, on-demand webinars, a free college counselor with whom you may schedule a 1 on 1 personal appointment, Money-Wise! videos, and more! As you research & consider various funding options, here is a helpful article: What to Look for in Private Student Loans  Wall Street Journal, 7.21.17,  by Veronica Dagher

Click to enjoy our Student Loans VIDEO

Graduate School Loans: details below

Undergraduate Student Loans

When Federal aid just isn't enough, we’re here to help! The cost of college continues to rise, forcing many students and families to resort to student loans to fill funding gaps.

The Waterbury CT Teachers Federal Credit Union has the unique ability to help our members and their families by offering our Student Choice private lending solution which features:
  • Zero origination or prepayment fees
  • Lower interest rates
  • Simple one-time online application
  • Deferment of principal and interest while in school
  • Flexible repayment terms including graduated repayment for two years
  • Convenient line of credit structure that lets you apply once and secure financing for your entire college career* (*Subject to qualification and annual credit review.)
For more information and to apply online, click on the green Learn More Now button below.

Learn More Now!

free College Access Counselor Services

Questions about undergraduate student aid, loans, scholarships and finance options?  Need help completing your FAFSA? Unsure of how to interpret your award letter? Overwhelmed by the lingo of the financial aid world?

We can help! Our College Access Counselor provides personal, one-on-one consultation for all of your financial aid questions. Whether you’re a parent, high school student, or college graduate entering loan repayment, our counselor can walk you through the necessary steps to make smart decisions about paying for college – and beyond.

Schedule a free consultation with our Student Choice College Access Counselor, Ms. Patricia Poplicean. Ms. Poplicean offers support on financial aid, planning for college, student loans and other important topics via personal email correspondence and phone calls, all at no charge.

Learn about:
+ Free Application for Federal Student Aid (FAFSA)
+ Federal & Private Student Loans
+ Financial Aid Process
+ Various types of Aid
+ Scholarships
+ Student Loan Repayment
+ Student Loan Refinance

Interested?  Click here, to email Ms. Poplicean a question, or to schedule an telephone appointment. Or, go to www.wctfcu.studentchoice.org, select Plan for College, select College Access Counselor, select ask a question via email, or select schedule an appointment (select topic, book a call)

Providing this one-on-one consultation reinforces the WCTFCU Mission of educating Members and offering products and services to support them at various life stages.   To ask questions or request an appointment, http://wctfcu.studentchoice.org/

Edmit. How Much Will College Really Cost?

Spring 2020.
WCTFCU is now offering Members use of a new FREE service that helps families of high school students to understand the true cost of attending each of the colleges on their student's short list.

With Edmit's custom, personalized college reports and recommendations, you can find the best schools for your budget and understand the value of different colleges, including by specific majors.

High School students (& their families) can use this service both before they apply AND before they commit to a college or university.

Use Edmit to anticipate all expenditures in order to strategically plan where to apply, so that you can make a more informed decision.

You will better understand:

1) Which colleges to consider, based upon the real total cost of attending, not just tuition. Utilize the personalized advice and decision support tools.

2) How much financial aid and merit aid your student is likely to receive; in order to better understand your potential loan needs, and resulting student debt - by school & by major. In the Learning Center you'll find extensive guides, lists, and resources related to paying for college

3) Loans, grants, scholarships and borrowing opportunities; to minimize your expenses and maximize knowledge-based decisions. Gain important insight to the projected total amount, as well as pay-off period, so you can compare the financial implications of each of the student's college choices - and apply only to those that meet your standard guidelines. Use the software as a personalized aid for scholarship estimates, calculators, and college scholarship search.

Going to college is one of life’s most significant and expensive opportunities. Approach it strategically to maximize your opportunity, and minimize your costs. The average Edmit family saves over $5,000 in college costs!
Edmit Info

Graduate Student Loans

A credit union Graduate Student Loan is an unsecured loan, which means it is not guaranteed by the federal government. Graduate Student Loan proceeds are used to pay college tuition expenses for graduate studies.

Unlike other student loans, qualification is not based on "need" and members can borrow up to the full cost of attendance per semester less any financial aid. Amounts must be supported by a detailed tuition bill provided by the school. 

A tuition bill is required at the time an advance is made and the proceeds are paid directly to the school. 

Loan Limits: A member’s total credit union student loan debt cannot exceed the maximum limit of $50,000.00. Maximum aggregate amount per student is $50,000.00. Maximum per Academic Year is calculated based on the cost of attendance as detailed on the tuition statement less any other financial aid. 

Repayment: At the time of each advance, a payment will be calculated based on a full amortization over an approximate term of 120 months. The minimum payment will be $50.00.


  • The school must qualify as an eligible institution under Title IV of the US Dept of Education, Higher Education Act of 1965, as amended.
  • Must have verification of school and a tuition bill.
  • Borrowers and any co-borrower and/or co-signer - must meet our current credit criteria.
Disbursements: Checks are only disbursed directly to the schools.

Money-Wise Owl 640x360


Learn more about College Loans

Knowledge is Power. Paying for college can seem overwhelming and intimidating. Yet, it doesn’t have to be. Fortunately, there are many resources available to help you fund your higher education. Learn more about the various loan and financial aid options that you should explore when applying to college, including:

+ Federal financial aid, grants and student loans
+ FAFSA filing process
+ Loan repayment and tax incentives


Protect What Matters

Credit Disability payment protection products can help ease the financial concerns for you and your family if an unexpected financial challenge occurs. Consider, who would pay your bills If you became suddenly ill or injured, or if there was an unexpected death? Imagine your family’s wallet without your paycheck. You can purchase credit disability through WCTFCU at extremely competitive rates. Benefits include:

  • Protection - Credit Disability or Loan protection helps insure that your loan will not end up in default if you die, or become disabled and are unable to work.
  • Convenience – Apply for this insurance when you apply for your loan and you can include this monthly premium with your monthly loan payment.
  • Support - Employer provided disability may not be enough protection. Bills could begin to pile up as you try to regain your health and your earning capacity.
Payment Protection comes with a 30 day no obligation policy. That means when you apply for Payment Protection coverage, you have 30 days to review your plan and decide that you want to keep the policy or cancel it without obligation; any premiums paid will be refunded. Need more information? Ask your WCTFCU Loan Officer.

LendKey - Student Loan(s) Consolidation Information

Effective January 31, 2018 WCTFCU no longer offers this LendKey product.

Current LendKey loan holders may access their current LendKey loan.

Questions about your current WCTFCU-issued LendKey loan? Please visit the LendKey website, or call 
888.549.9050 during business hours M-F 9am - 8pm