Help finance your child’s undergraduate education.

The HUECU Family Student Loan allows parents or family members to help students cover education-related expenses so they can focus on their studies without having to worry about financing their education.

With no origination fees and a low interest rate, this could provide you a better alternative to the Federal Direct PLUS Loan. Explore why this could be the right option for you, and apply for your parent loan today.


Covered costs include:

  • Tuition
  • Books
  • Computers
  • Living expenses (minus other aid)
Benefits include:

  • Stress-free bill pay with loan funds sent directly to your student’s school.
  • Competitive interest rate programs.
  • Reduce your loan cost by qualifying for our interest rate discounts.


Common Questions

Do I need to file the Free Application for Federal Student Aid (FAFSA) form to apply for the HUECU Family Student Loan?

No. Private student loan borrowers DO NOT need to submit a FAFSA. It is strongly recommended that your student completes the FAFSA to utilize all Federal Educational Aid available.

How much can I borrow with a HUECU Family Student Loan?

You may borrow up to $25,000 per academic year, or $100,000 in total.

Can parent loans for college help pay for the student’s books and personal expenses while in school?

The HUECU Family Student Loan can be used to help pay for indirect costs while the student is enrolled in school. The maximum the student can borrow each year is determined by the individual school through certification.

How do I apply for a HUECU Family Student Loan?

All you need to do is fill out the quick and easy online application. Before you apply, make sure you have the following items available so you can easily complete your application:

•  Name, address, phone number, email address
•  Date of birth
•  Social Security Number
•  Recent pay stub (no more than 60 days old) or other proof of income and
monthly housing payment.
•  Name of school the student plans to attend
•  Student’s Name, Date of Birth and Social Security Number
•  Cost of attendance and any financial aid received (see award letter from
the school)
•  Student Graduation date, loan period and the loan amount.

Are there any fees?

The HUECU Family Student Loan has no origination, application, or disbursement fees.

What kind of credit is required for the HUECU Family Student Loan?

We will need to see a reasonably strong credit history, which is derived from your credit score.

What if I am not approved for the HUECU Family Student Loan?

If you apply for private parent loans for college and are denied, it may be due to your credit history. Speak to your financial aid office about the Federal Direct PLUS loan or consider getting a co-signer for the HUECU Student Loan.

Are there any penalties for paying off the HUECU Family Student Loan early?

There are no prepayment penalties.