The cost of college continues to rise, forcing many students and families to resort to higher-cost private student loans to fill funding gaps. As a not-for-profit lender, MembersAlliance Credit Union has a unique ability to help members and families by offering our Student Choice private lending solution. Zero origination or prepayment fees, lower interest rates and a simple one-time online application. Deferment of principal and interest while in school. Flexible repayment terms including graduated repayment for two years. Convenient line of credit structure that lets you apply once and secure financing for your entire college career.