Navy Federal Credit Union has introduced a new Graduate Student Loan aimed at members seeking to continue their education through advanced degree programs. The product is intended for those enrolled in master’s, doctoral, medical, law, and other professional studies.
The loan offers several features including flexible terms that can cover either a single semester or an entire academic year. Borrowers may finance up to 100% of school-certified costs, with a maximum limit of $200,000 across all Navy Federal education lending products. The application process is conducted online and does not require application or origination fees. Repayment options are designed to support long-term financial planning, and members who enroll in automatic payments will receive a 0.25% interest rate discount.
Caroline Currie, Assistant Vice President of Education Lending at Navy Federal Credit Union, said: “Pursuing a graduate degree is a meaningful step forward, and one that often comes with a financial gap. Our graduate student loan was designed to meet that moment, giving our members a smart, affordable way to fund their next chapter. We’ve built it around what really matters to them: flexibility, simplicity, and support. It’s not just about financing education, it’s about helping our members invest in their future with confidence.”
The credit union states the new loan responds to changes in the student lending environment and aims to provide support amid economic shifts. Membership eligibility includes active duty service members, veterans, immediate family members of military personnel, and Department of Defense employees.
Navy Federal Credit Union was established in 1933 and now serves more than 14 million members worldwide as the largest credit union globally. It operates as a member-owned not-for-profit organization with over 365 branches and employs approximately 25,000 people.
More information on the Graduate Student Loan and additional college planning resources can be found at https://www.navyfederal.org/studentloans.