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Federal Student LoansQuestions about Your Federal Loans? We Can Help!
Important Changes in Federal Loans!
If you are applying for a Federal Student Loan for the 2010-2011 academic year, please contact your School’s Financial Aid Office for assistance. Due to recent legislation introducing a Direct Lending Program, funded directly by the US Treasury, Community First Credit Union no longer has the ability to fund Federal Student Loans, however we are committed to helping you answer your Federal Loan questions and give you advice on filling out the FAFSA.
As of July 1, 2010, all borrowers will need to complete a new Master Promissory Note for future Federal Loans through the Department of Education.
Stafford Loan
When researching Federal Loans, you’ll find the Stafford Loan is one of the most affordable loans available.
- Federal Stafford Loans are government-secured loans available to undergraduate and graduate students at very low rates that are fixed for the life of the loan
- Collateral or credit checks are not required
- Payments are delayed until you graduate or cease being enrolled at least half-time based on your educational institution's definition
To obtain additional information about Stafford Loans, please visit the FAFSA Website.
Parent Plus Loan
The Federal Parent Plus Loan allows parents and legal guardians with good credit to borrow up to the total cost of their dependents undergraduate education, minus any other aid the student is eligible for.
- The Parent Plus Loan allows parents to borrow federally guaranteed low interest loans to help pay for their child's education.
- A Federal PLUS Loan allows parents to borrow the total cost of undergraduate education including tuition, room and board, supplies, lab expenses and travel, less any other aid granted.
- Parent Plus Loans are taken out in the Parent’s names. Parents are responsible for the loans.
To obtain additional information on the Parent Plus Loan, including eligibility requirements, please visit the FAFSA website.
FAFSA Application
Completing the FAFSA or Free Application for Federal Student Aid, can be a very long and lengthy process. The FAFSA website contains the most up-to-date information, tips and tutorials regarding applying for a Federal Loan. However, if you prefer some in-person assistance, Community First is here to help you with any questions you may have regarding your FAFSA application or student loans in general. For personal assistance:
- In person at any of our convenient branch locations
- By Phone - Live Call Center assistance
920-830-7200 in the Fox Cities; toll free 866-273-2328
Monday - Friday 7 am - 6 pm and Saturday 7 am - 1 pm
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