Our Mission

"To meet our members needs for quality financial services and to provide those services in a professional, convenient and efficient manner while maintaining financial stability."

Student Loans

Secure your child's future with a Horizons student loan. 

Horizons Federal Credit Union offers new Student Loan Option

Students can borrow up to the full cost of their education, less other aid received. 1
Students may apply on their own or if needed with a qualified co-signer.  Interest paid on qualified student loans may be tax deductible.   

Complete the easy online application for a fast credit decision. Click here to apply!

Sallie Mae® Smart Option Student Loan® 
The Smart Option Student Loan® is an ideal solution for families that have a gap when it comes to funding their student’s education.  The Smart Option Student Loan helps students save money, pay off their student loan faster, and build credit. 


  • Market-leading interest rates2
  • No origination fees for borrowers attending degree-granting institutions3
  • Save hundreds—even thousands—of dollars over traditional 15-year payment-deferred private student loans
  • Flexible repayment options—choose affordable fixed payments of $25 a month4 or make full interest payments to save even more
  • Smart Reward—earn 2% of your scheduled monthly payment as a reward in your Upromise account when you make payments on time while in school5
  • Earn a 0.25 percentage point interest rate reduction while enrolled to make monthly payments by automatic debit6
  • Applying with a creditworthy cosigner may help you qualify for and/or receive a lower interest rate
  • You can apply to release your cosigner after graduating and making just 12 consecutive on-time principal and interest payments

Borrow what you need—up to 100% of your education costs.*

* Borrow up to the cost of attendance (minimum $1,000) as certified by your school and confirmed by Sallie Mae, less other financial aid received. Sallie Mae reserves the right to approve a lower loan amount than what the school has certified. 2-Market-leading rates based on June 10, 2010 review of rates of national competitors. Rates range from LIBOR+ 2.50% to LIBOR+ 10.875% (2.87% APR to 10.48% APR) (LIBOR of 0.375% as of 6/25/2010) with no origination or disbursement fees and are available for borrowers attending degree-granting institutions only. The rates for borrowers attending non-degree granting institutions with the interest repayment option will range from LIBOR+ 7.75% to LIBOR+ 12.50% (8.13% APR to 13.88% APR) (LIBOR of 0.375% as of 6/25/2010) and the origination or disbursement fees will range from 0% to 5%. The APR and interest rate on your loan will be a variable rate and will changed based on changes in the one-month LIBOR rate. Your interest rate and monthly payment will increase if the one-month LIBOR rate increases. 3-There are no origination fees for borrowers attending degree-granting institutions. For borrowers attending non-degree granting institutions, the origination fee will range from 0% to 5%. Please visit your financial aid office for more information. 4-$25/month fixed payment repayment option is available for new loan applications initiated on or after June 28, 2010, and is subject to change. The following typical loan example uses approximated numbers, is for informational purposes only and is an example of loan terms available through the Smart Option Student Loan: A Smart Option Student Loan made to a freshman borrower at a degree granting institution of $10,000 with two disbursements and a 10.05% APR [Interest rate of LIBOR + 10.375% (LIBOR of 0. 375% as of 6/25/2010) and no origination fee or disbursement fee]. APR may increase after consummation. Repayment consists of 51 fixed $25/month payments (in-school period of 45 months plus separation period of 6 months), followed by 119 principal and interest payments of $179.79 per month and one payment of $115.65 for total payments of $22,786 (finance charge of $12,786). Compare against a traditional 15-year private student loan for $10,000 where payments are deferred during school and grace periods, an estimated APR of 9.97% and repayment consisting of 179 principal and interest payments of $162.11 per month and one payment of $41.83 (following a 45-month in-school period and 6-month grace period, after which accrued interest is capitalized) for total payments of $29,060 (finance charge of $19,060). 5-2% reward is available during initial in-school and separation period only. If borrower leaves school but returns later, the reward will not be available for any subsequent in-school period. Primary borrower must be of the age of majority in his or her state of residence (typically 18 years old) and must indicate current Upromise membership or enroll in Upromise at the time of loan application. To be eligible to receive the 2% reward, the borrower may not have had two consecutive scheduled payments past due on the loan for which the benefit is available. If the borrower has two consecutive scheduled payments past due, he or she will no longer be eligible for the reward on that loan. If all conditions are met, primary borrower will earn 2% of the scheduled payment amount in Upromise rewards into his or her Upromise account for each on time payment. The 2% reward is not earned on payment amounts in excess of the scheduled payment. Benefit is subject to the terms and conditions of the Upromise service (as may be amended from time-to-time), including without limitation, restrictions on conversion, transfer and redemption of rewards, reward denomination, including whether and under what circumstances the rewards have independent cash value, and terms relating to fees and/or the forfeiture of rewards. Benefit available on eligible loans first disbursed on or after June 1, 2010.Smart Option Loans are made by Sallie Mae Bank. ® 6-Benefit for enrolling in monthly recurring automatic debit payments is available for as long as monthly payment is successfully deducted from the designated bank account.  Benefit is suspended during periods of forbearance and certain deferments. 

IMPORTANT!  Changes to the Federal Student Lending Process

The recently enacted Health Care and Education Affordability Reconciliation Act of 2010 (H.R. 4872), eliminates the Federal Family Educational Loan (FFEL) Program on July 1, 2010.  Effective June 1, 2010, Horizons Federeal Credit Union is no longer accepting new applications for student loans through the Federal Family Educational Loan Program. Contact your school’s financial aid office for more information on securing federal student loans

For questions or service related to an existing Federal Family Educational Loan secured through Horizons Federal Credit Union, contact our chosen servicer,

Great Lakes at 1-800-236-4300, or at www.mygreatlakes.org.

 Additional Direct Loan Tools: 

 Frequently Asked Questions for Borrowers