Loan Consolidation

Pay once and for all by consolidating your private student loans with Elements' Private Consolidation Loan. Featuring a low, variable interest rate, zero origination fees, and 15-year repayment period1, a consolidation loan from your credit union will let you combine multiple private student loans into one convenient payment, potentially saving you thousands of dollars in interest!


What You Need to Know Before You Borrow

  • Consolidate your private student loans up to $%%PCONMax%%

  • Choose a graduated repayment option to enjoy lower initial monthly payments

  • Receive a 0.25% rate discount for automatic electronic payment4


Who's eligible?

College graduates who are:

  • U.S. citizens or permanent residents and have graduated from an approved public or private not-for-profit school3

  • In repayment on one or more outstanding private student loans (post grace period4)

    • Outstanding federal student loans and school institutional loans are NOT eligible for this consolidation loan. For information on consolidating Federal student loans, click here

  • Able to pass a credit check (A co-borrower may be necessary in order for you to meet credit criteria, and may also help you qualify for a lower rate)

  • Eligible for credit union membership (you may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded)


Check out our Frequently Asked Questions, or just click below when you're ready to get started.


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  1. For a $20,000 consolidation loan for a term of 180 months with a 6.00% APR2, the monthly payment will be approximately $169. All loans are subject to approval. Rates, terms and conditions subject to change without notice. Restrictions apply. Please visit the rates page for more information.

  2. APR = Annual Percentage Rate

  3. Approved schools subject to change

  4. Private education loans must be in repayment to be eligible for consolidation

  5. Loans subject to approval. Rates, terms and conditions subject to change without notice.

  6. If your loan is subject to a floor rate (also known as a minimum interest rate) as specified in your promissory note, your rate will never be less than the floor rate.


A better deal from your local not-for-profit cooperative


More than 1,500 approved schools across the country


Answers to your most common questions


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