Private Student Loans, Student Loan Refinance, and Member Referral Program

Private Student Loans

Over the past ten years, millions of American students and families are turning to private loans as the cost of higher education continues to outpace increases in federal student loan program limits. LendKey’s cloud-based lending platform helps your credit union quickly and profitably grow your loan portfolio and extend your reach into the crucial high school and college demographic groups.

The LendKey Student Loan Platform:
  • Web-based private student loan platform
  • Enhanced underwriting using the Academic Credit Score (ACS)
  • In-school servicing
  • Certified loans and underwriting
  • Email billing and notifications
  • 24x7 online access to account information for both credit unions and borrowers
  • Eligible school list of 2,200+ schools and growing
  • Customizable credit rules
  • Academic Credit Score (ACS) takes into account academic criteria as well as credit data
  • Electronic signature and online loan jacket
  • Compliance with the most recent laws (Title X, HEOA, Reg. Z)
  • Data exchange with schools and insurance provider
  • In-school servicing
  • Customizable borrower benefits
  • Web-based full service offering

LendKey Student Loan Refinance

Today's college students can easily graduate with a dozen or more separate student loans. Refinance loans can help grads to get on track financially by combining multiple loans, oftentimes at much higher rates, into one single lower payment. As of early 2014, credit unions on LendKey programs have refinanced over $300 million in student loans.

By refinancing both private and federal student loans, LendKey's network lenders are able to tap into the $1 trillion pool of outstanding student loan debt in the U.S. As college graduates, these borrowers are often great opportunities for future financial products, including auto-loans, mortgages, small business loans, credit card and more.

To learn about offering LendKey’s student loan refinancing call 800-881-8985 or email

Member Referral Program

Refer, earn, retain. It’s that simple. Even if you're not prepared to directly offer education financing, there's no need to turn members away. Refer members to a private student loan program powered by LendKey’s platform. More than 150 participating credit unions have pooled funds to offer private student loans to students and families nationwide.

Program benefits:

  • Fulfill member needs for an important loan product
  • Earn referral fee income
  • Retain your member sovereignty with a non-solicitation agreement
  • Promote the program using print-on-demand member marketing tools
  • Offer college planning advice by adding the College Resource Center to your website

Sign up now to start offering this program to your members. To learn more, visit the consumer site, call 800-881-8985 or download educational white papers located in the upper right hand corner of this page.

Ready to get started?

  • Contact Brenda Halverson, CUNA Strategic Services alliance manager, at 800-356-9655, ext. 4110, or