BEAVERTON, Ore. & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Student loan debt is increasing every year, and First Tech Federal Credit Union, the nation’s premier credit union serving technology companies, is ready to help. First Tech recently announced a number of refinancing options now available to its members.
Designed with flexibility in mind, the Student Loan Refinance Program features payment plans that can grow with First Tech members’ careers, or target the quick payoff of debt. One of the refinancing options is a fixed-term loan with an annual percentage rate as low as 3.10 percent, and equal monthly payments consisting of principal and interest. Another is an interest-only loan with an APR as low as 5.60 percent, featuring lower interest-only payments for the first few years of the loan, followed by larger payments of principal and interest.
A dedicated student loan specialist is available to help members find the loan that best meets their needs. There is no cost or obligation for a consultation, and there are no application or origination fees to refinance. Members who refinance are eligible for exclusive offers, such as .25 percent off First Tech’s standard auto loan rate.
“With student loans a reality for so many graduates, the burden can get in the way of people’s future,” said Sandi Papenfuhs, Senior Vice President of Consumer Lending at First Tech Federal Credit Union. “We’ve always been proud of the innovative products and solutions we offer for a variety of financial situations. Our new refinancing options allow recent graduates to work with an organization they know and trust to tailor a solution that allows them to take the next steps toward living the life they want now and in the future.”
First Tech’s refinancing can save members thousands of dollars over the lifetime of a loan. More information about the Student Loan Refinance Program is available at firsttechfed.com/RefiNow or through a First Tech student loan specialist at 888-422-5680.
About First Tech Federal Credit Union
First Tech Federal Credit Union is an $11+ billion institution headquartered in Mountain View, California. It is the nation’s premier credit union serving the world’s leading technology-oriented companies and their employees, including HP Inc., Hewlett Packard Enterprise, Microsoft, Agilent, Intel, Cisco, Amazon, Nike, CH2M, Intuit, Google, and more. First Tech is recognized as the industry catalyst for delivering effortless banking experiences to more than 500,000 members through its 42 branch locations, more than 5,400 CO-OP Shared Branch locations, 30,000 CO-OP Network ATMs, and online platforms. First Tech offers a full range of financial services, including traditional banking, online banking, mortgages, financial planning, various consumer loans, and insurance services. Federally insured by NCUA. Equal Housing Lender. For more information, visit www.firsttechfed.com.
