Pioneer Loans – A Private Student Loan Option for Military

Pursuing a college degree while in the military or after career retirement can be a financial challenge for most. The unique lifestyle of those in the military often presents a problem when attempting to apply for traditional private student loan. Pioneer loans saw a need for an equally unique solution to this problem.

Private student loan option is designed specifically for military personnel who are serving or have served in any branch. Pioneer Services understands the sometimes uncertain nature of a career in the military and will work with you to create a loan product that will work for you.

Pioneer Loans
Who Will Qualify?

Active duty and career-retired military personnel from the Army, Air Force, Navy Marines, and Coast Guard are eligible to apply for a loan through Pioneer. Also, Department of Defense employees, Reservists and those in the National Guard can qualify for a loan.

Because Pioneer is willing to create flexible financial products, even people who have been previously denied for a loan can find a solution. Negative credit and inconsistent income will not necessarily disqualify you. Pioneer’s trademarked Military Scoring Model actually gives you credit for your years of service when assessing your ability to repay a loan.

What are the Advantages?

Several different private student loan options with amounts ranging from $500 to $10,000 provide applicants with a solution to their unique financial need. Fixed rates guarantee no surprises during repayment. A representative will work with you to create a repayment plan and terms that you will be comfortable with.

Your loan specialist will actually walk you through the entire process. Pioneer provides financial education services to their clients in order to help them repair their credit, create a budget, and choose loan terms that are best suited for them.

What are the Repayment Terms?

Loan terms, like interest rates, are fixed through Pioneer Services. Your monthly private student loan payments can be made through automatic payment from military allotment. This convenient service ensures your on-time payment each month.

Setting up automatic payments is simple through your online account at Pioneer. When your military life is hectic, making payments can be the last thing on your mind. To avoid penalties and negative credit reporting, simply take advantage of the MyPay automatic military allotment payment plan.

How to Apply

The application process for a private student loan is simple and you could have a response within an hour. You have the ability to apply online, over the phone, or in person at a Pioneer branch near your military location. You will need to provide proof of military status.

Working with a lender who understands the demands and constraints of military life can be appealing, especially when you may have been denied a credit request in the past. Of course, it is important to explore your options before accepting any loan.

After applying, you should compare the rate and loan term you are offered to those advertised by other lenders. Even if you find a better deal after you receive your loan funds from Pioneer, consider taking advantage of their 15-day, no-risk guarantee through which you can return the money you borrowed without incurring any penalties.

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