Veridian has partnered with Iowa Student Loan to offer a Private Student Loan program designed to help you cover the difference between your federal and state financial aid and the total cost of your tuition, room and board, and other expenses. This private student loan is designed to supplement — not replace — your federal, state and institutional financial aid. It is available to students attending any eligible college or university provided all other eligibility requirements are met. When you apply for a Veridian Private Student Loan, you can be approved for a loan up to $10,000 per academic year, with a $40,000 total maximum.
Before applying for your Veridian Private Student Loan, it is important to consider and apply for available federal and state aid including grants, scholarships and federal student loans. Accepting a private loan before utilizing other types of aid available may decrease your eligibility for federal and state aid. Contact the financial aid office at your college to find out what types of financial aid are available to you.
The first step in applying for financial aid, which includes federal student loans, is completing the Free Application for Federal Student Aid (FAFSA). The FAFSA and EZ FAFSA are free forms provided by the U.S. Department of Education that may be completed without professional assistance via paper application or online at www.fafsa.gov. In your award letter from your college, the financial aid office will inform you of your eligibility for federal student loans.
Veridian Credit Union will handle the processing of your membership application. Iowa Student Loan will handle the processing and approval of your Veridian Private Loan application. For more information, contact Iowa Student Loan at 800-542-6005, or view our frequently asked questions and the general guidelines for the program. If you have questions about Veridian Credit Union membership please contact us by phone, chat, or email.
To receive rate and term disclosure information regarding this loan program, please contact Iowa Student Loan at 800-542-6005.