Private Education Loans


First Citizens Private Education Loans are loans for applicants pursuing undergraduate and graduate degrees at eligible colleges and universities within the United States. First Citizens private education loans offer competitive interest rates and a choice of repayment options. We offer two types of private education loans.

Undergrad Loans

A Private Education Undergrad Loan is for students that are attending a four-year program to obtain a bachelor's degree or higher to cover tuition and additional fees and expenses. To receive a private education loan from First Citizens, the student must be:

  • The borrower on the loan application and credit agreement and admitted to or enrolled at least half-time at an eligible school
  • Meet the borrower credit requirements or apply jointly with a co-signer who meets the co-signer credit requirements. (Most applicants will need a co-signer.)

Details include:

  • Minimum individual loan amount - $1,000
  • Maximum individual loan amount – Up to the cost of attendance less other financial aid as certified by the school.
  • Payments can be fully deferred (6-month deferment), interest-only payments, or immediate principal and interest payments
  • No origination fee
  • No Prepayment penalty

Do you have more questions? Check out our FAQ's here!


Ready to apply? Print our application checklist here!


Apply Now

Consolidation Loans

A consolidation loan simplifies things so you only make one payment for all the private and government loans you borrowed. This minimizes the number of servicers you need to work with and the number of loans and their respective due dates you need to manage. One payment – one due date. This is beneficial during the repayment process aiding in better management of your payment obligations.


Consolidation loans are available to students with at least one out-standing fully disbursed private education loan to provide the ability to consolidate existing loans into one loan or even refinance a single loan.

  • Minimum loan amount - $5,000
  • Maximum loan amount - $150,000
  • Repayment terms range from 5 years to 15 years.
  • 1% Origination fee which is capitalized as part of the loan
  • Must have graduated with at least a bachelor's degree from an eligible school

Do you have more questions? Check out our FAQ's here!


Ready to apply? Print our application checklist here!


Apply Now

Medical Student Loan Consolidation

Realizing your dream of becoming a medical professional took hard work and significant financial commitment. Now, are you looking for some breathing room in your budget? With a Medical Student Loan Consolidation you'll find

  • One convenient monthly payment
  • Competitive fixed and variable rates
  • The option to refinance both federal and private student loans
  • Choices for repayment plants - from 5 to 15 years'
  • No co-signer is required with a credit score of 725
  • Online credit decisions


You may also be interested in:

Student Checking

Free from fees and loaded with convenience.

Learn More

Mobile Banking

Free, on-the-go account access with your mobile device.

Learn More