Empower Your Education.
Student Loan
Marketplace
Compare Trusted Lenders Quickly
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No long forms. No guesswork. DowneyFCU has partnered with Sparrow to give our
community access to a Student Loan Marketplace where you can explore and secure
real offers—all in one place.
community access to a Student Loan Marketplace where you can explore and secure
real offers—all in one place.
Why use this marketplace?
Personalized Rates
Easily compare a wide range of competitive fixed and variable rates — tailored to your unique financial situation.1
Flexible Repayment Options
Explore repayment plans with terms as long as 20 years to support your goals today and
after graduation.2
after graduation.2
No Added Fees
Enjoy peace of mind with no origination fees or prepayment penalties, so you can stay focused on your education.1
Your Student Loan Journey, Simplified
Easily compare lenders, see key details side-by-side, and manage your loan process from start to finish.
Illustrative purposes, actual results may vary. Personalized rates are not a firm offer of credit.2
Frequently Asked Questions (FAQs)
How does this Student Loan Marketplace work?
Tired of vague rate ranges that leave you guessing? We’ve partnered with Sparrow to bring you a smarter way to shop for student loans. Think of it as the Expedia of student loans — one simple form lets you compare real rates, monthly payments, total repayment costs, and options from multiple lenders, side by side. No guesswork. Just transparent, personalized options to help you make the best decision for your future.Who can benefit from the Student Loan Marketplace?
We're here to support students at every stage of their educational journey. Whether you're a high school senior planning for college, an undergraduate student pursuing your degree, a graduate student advancing your education, or even a borrower seeking to refinance for better terms, we've got you covered. Sparrow's student loans are available to:- -Parents
- -Undergraduate students
- -Graduate and professional students (MBA, Law, MD, JD, etc.)
- -Borrowers looking to refinance their existing student loans
What can you use these student loans for?
These student loans are specifically designed to cover all your education-related expenses: tuition fees, room and board, textbooks, supplies, transportation, and other essential costs. Don't let financial barriers hold you back from achieving your dreams.What are private student loans?
Private student loans are provided by private lenders — banks, credit unions, and online lenders. You can use private loans to pay for education costs and living expenses, which your federal education loans might not cover. Interest rates and terms on private student loans can vary, depending on your financial situation, credit history, and the lender you choose.How do I contact Sparrow?
Email: support@sparrowfi.comPhone: (646) 980-4056
🔗 Still Have Questions? Click here to visit our partner’s webpage—additional FAQs are located near the bottom of that page.
Disclosures
1
This Student Loan Marketplace is powered by Sparrow.
All loans are offered and originated through Sparrow’s network of trusted lending partners. For the most accurate and up-to-date rate information, please consult directly with those partner lenders.
Downey Federal Credit Union is not the lender and does not make credit decisions. However, we may receive compensation from Sparrow for referring loan applicants.
Loan applications require a minimum request of $1,000 and are subject to credit approval and additional eligibility requirements. Sparrow reserves the right to modify or discontinue products, services, or benefits at any time without notice.
2
Sparrow Terms and Conditions: Variable rates will fluctuate over the term of the borrower’s loan with changes in the Index rate. The Index will be either LIBOR or SOFR. Rates are subject to change at any time without notice. Your actual rate may be different from the rates advertised and/or shown above and will be based on factors such as the term of your loan, your financial history (including your cosigner’s (if any) financial history) and the degree you are in the process of achieving or have achieved. While not always the case, lower rates typically require creditworthy applicants with creditworthy co-signers, graduate degrees, and shorter repayment terms (terms vary by lender and can range from 5-20 years) and include Automatic Payment and Loyalty discounts, where applicable. Loyalty and Automatic Payment discount requirements as well as Lender terms and conditions will vary by lender and therefore, reading each lender’s disclosures is important. Additionally, lenders may have loan minimum and maximum requirements, degree requirements, educational institution requirements, citizenship and residency requirements as well as other lender-specific requirements. Lenders will conduct a hard credit pull when you submit your application. Hard credit pulls will have an impact on your credit score.
