Custom Choice Student Loans Overview
Information Composed by Jake McCall, (eventually) Verified by Monogram LLC
Union Federal student loans are available to those with and without a cosigner with competitive rates and a variety of borrower benefits such as a 2% principal reduction graduation reward upon request. A discount is offered when electing autopay and borrowers can choose from 4 different repayment plans (defer payments, pay interest only or pay principal and interest while in school) and three different loan terms (7, 10, 15 years). Cosigner release is also available after 36 on-time principal and interest payments.
Quick Overview
Company details
Similar to Abe and Custom Choice, Union Federal is a trademark of Monogram LLC, a company that has been in the student loan space for decades and maintains an A rating overall according to the BBB (Better Business Bureau). Union Federal has similar benefits to Custom Choice and offers loans to those without cosigners or international students with a US based cosigner. The company also employs payment relief plans in case of job loss, natural disasters, and other unexpected events to help mitigate the risk for borrowers.
We may be paid compensation for the products offered below. This by no means influences what we say or how we portray those products. Pluto is meant to help, not hinder your education funding.
Union Federal's No-Essay Scholarship!
A $1,500 scholarship could be in your future. Custom Choice is sponsoring a $1,500 scholarship every month until December 31, 2025. That's a total of 67 winners and $100,500 going towards students to help them cover the costs of books, tuition, housing, and more!
Takes about 5 minutes
Union Federal at a Glance
Loan repayment plans are available with 7, 10, or 15 year terms and 4 different repayment options for both undergraduate and graduate students.
No application, processing, or late fees. Plus a 12-month grace period.
Variety of borrower benefits including a .25% autopay discount and 2% principal reduction graduation reward.
Positive income and a good credit history are required in order to qualify.
Does not offer student loan refinancing or parent loans.
Students without a cosigner may apply for a Custom Choice loan and cosigner release is available after 36 on-time principal and interest payments
Undergrad Loans
Associates, Bachelors, Accelerated Nursing
Abe Undergraduate Loans
Union Federal offers well rounded, customizable loans with 4 different available repayment options and 3 different loan terms (7, 10, or 15 years). A 2% principal reduction can be requested at the end of graduation and the company employs no late, processing or application fees. Although applying with a cosigner is recommended, it is not required. Cosigner release is available after 36 on-time principal and interest payments. Union Federal also has a payment relief in case of job loss, natural disasters and other unexpected issues.
Request a 2% principal reduction Graduation reward
4 repayment options
DACA Students eligible with US cosigner
.25% Autopay Discount
7, 10, 15 year terms
Payment relief in case of job loss, natural disasters, etc.
Apply for cosigner release after 36 on-time principal and interest payments
Up to a $180,000 aggregate limit
No late, application or processing fees
Key Undergraduate Features
Graduate Loans
Business, Medical, Dental, Law, Health, and More
Abe Graduate Loans
Union Federal offers graduate loans for nearly all degrees, with comparable interest rates and a well-rounded array of borrower benefits. Decent customizability is offered with 4 repayment options and 3 loan terms (7, 10, 15 years). You can request a 2% graduation reward and get a .25% autopay discount. Union Federal also employs no fees.
Request a 2% principal reduction Graduation reward
DACA Students eligible with US cosigner
Up to a $180,000 aggregate limit
Payment relief in case of job loss, natural disasters, etc.
7, 10, 15, year terms
4 repayment options
No late, application or processing fees
Apply for cosigner release after 36 on-time principal and interest payments
.25% Autopay discount
Key Graduate Features
Did You Know...
That student loan rates can change rapidly every month? Don't miss the updates. We'll keep you posted on changing rates and more!
Disclosures:
Before applying for a private student loan, Citizens and Monogram LLC recommend exhausting all financial aid alternatives including grants, scholarships, and federal student loans.
The Union Federal® Private Student Loan is made by Citizens (“Lender”). All loans are subject to individual approval and adherence to Lender’s underwriting guidelines. Program restrictions and other terms and conditions apply. LENDER AND MONOGRAM LLC EACH RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. TERMS, CONDITIONS AND RATES ARE SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE.
1 Interest rates and APRs (Annual Percentage Rates) depend upon (1) the student’s and cosigner’s (if applicable) credit histories, (2) the repayment option and repayment term selected, (3) the expected number of years in deferment, (4) the requested loan amount and (5) other information provided on the online loan application. If approved, applicants will be notified of the rate applicable to your loan. Rates and terms are effective as of 6/30/25. The variable interest rate for each calendar month is calculated by adding 30-Day Average Secured Overnight Financing Rate (“SOFR”) index, or a replacement index if the SOFR index is no longer available, plus a fixed margin assigned to each loan. The SOFR index is published on the website of the Federal Reserve Bank of New York. The current SOFR index is 4.31% as of 6/1/25. The variable interest rate will increase or decrease if the SOFR index changes or if a new index is chosen. The applicable index or margin for variable rate loans may change over time and result in a different APR than shown. The fixed rate assigned to a loan will never change except as required by law or if you request and qualify for the on-time payment or auto pay discount(s). APRs displayed as a range in the rate table assume a $10,000 loan with one disbursement. The high APRs assume a 7-year term with the Flat Payment Repayment option, a deferment period greater than 30 months, and a six-month grace period before entering repayment. The low APRs assume a 7-year term, and the Immediate Repayment option with payments beginning 30-60 days after the disbursement via auto pay.
2 Auto Pay Discount: Earn a 0.25% interest rate reduction for making automatic payments of principal and interest from a bank account (“auto pay discount”) by completing the direct debit form provided by the Servicer. The auto pay discount is in addition to other discounts. The auto pay discount will be applied after the Servicer validates your bank account information. Automatic payments and the associated discount will be temporarily discontinued (1) if you elect to stop automatic deduction of payments and (2) during periods when you are not required to make payments. The discount will be permanently discontinued in the event three automatic deductions are returned by the financial institution for any reason. The auto pay discount is not available when reduced payments are being made or when the loan is in a deferment.