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Student Loan Repayment Plan

Student loans are a fact of life for an increasing number of students. Carilion can help ease the pressure associated with student loans. The Carilion Health System Federal Credit Union will pay off student loans for eligible employees, excluding physicians, and refinance the amount at a lower percentage rate. To allow for convenient repayment, the Credit Union will automatically payroll deduct each pay period. Student loans will be refinanced on a first-come, first-serve basis based on available funds. Carilion is partnering with the Credit Union to offer this service, and a budget has been established to fund this benefit for our employees.

Specific conditions must be met for employees to qualify for student loan repayment:

  • Employee must be a member of the Carilion Health System Federal Credit Union
  • Employee must follow the current loan approval procedures
  • Maximum time period to pay off loans is five years
  • If the employee leaves employment with Carilion, the loan may continue to be paid directly to the Credit Union or the employee may pay the balance of the loan at the time of separation


For more information, contact the Carilion Credit Union at (540) 777-1575.

 

 
 

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If you have questions about your benefits, please call us at (540) 983-3600 (33600) or toll free at 1-800-599-2537
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