Education Loans
Get the most from American Eagle's Education Loan Programs
For most students, the first step in arranging for education loans is finding
out if they qualify. We’re here to help! American
Eagle Federal Credit Union supports education. It shows in our low education
loan rates and as
a lender through the Federal Family Education Loan Program (FFELP). For most
students, the first step in arranging for student loans is finding out if they
qualify for a Subsidized Federal Stafford Loan. See how to get started, where
grant and scholarship programs come in, and how to apply for a Subsidized
Federal Stafford Loan. Visit Sallie Mae at their web site
www.salliemae.com.
If additional funds are needed, take advantage of American Eagle's preferred low
rates on education loans or on our recently introduced *Governor M. Jodi Rell
and Credit Union League of CT Student Loan Program. We also offer a Student
VISA® card from American Eagle.
Credit Union Education Loans
Our low
rates are hard to beat
American Eagle offers preferred, low rates on education loans to qualified
wage-earners who are paying education costs for themselves or their children
attending eligible colleges, universities and vocational schools.
Borrow funds as you need them
Education loans at the Credit Union are flexible. You may borrow up to 120
months. Because financial needs can vary from semester to semester, you'll be
able to apply each semester for just the loan amount you need. Repayment
includes principal and interest on a monthly basis.
It's easy to
apply for an education loan by phone,
fax, mail, online, or in person. In most cases you'll have an answer
within 24 hours.
Governor M. Jodi Rell and the Credit
Union League of CT Student Loan Program
Applications being accepted for the Governor M. Jodi Rell Student Loan Program
American Eagle Federal Credit Union is pleased to offer a student loan
program initiated by Governor M. Jodi Rell and the Credit Union League of
Connecticut. The program was initiated to allow financing for vocational
training or higher education courses to individuals that may not have qualified
for traditional loans or have already used all other resources available to fund
tuition expenses.
American Eagle FCU members will receive a preferred, fixed-rate, unsecured
loan at 5.75% Annual Percentage Rate. Loan terms are available up to 120 months.
Borrowers will make monthly principal and interest payments (non-deferred) with
a minimum annual repayment of $1,000. There is no application fee or prepayment
penalty.
The loan is available to residents of Connecticut who qualify for membership in
American Eagle FCU. Enrollment must be at a school eligible under the FFELP
guidelines and is for current courses/semester only. American Eagle’s existing
education loan is available for refinancing of existing student loans.
Loan proceeds will be
made directly to the school.
To apply for the Governor M. Jodi Rell Student Loan Program, click
here, or visit any American Eagle FCU branch for details.
Student VISA® Card
Students learn financial responsibility
When children are going away to school, many parents want to offer the security
and ease of a
Student VISA® card. For students in grade
nine or higher, a Student VISA® card is not only a convenient substitute for
carrying cash, it's an opportunity for students to exercise financial
independence.
Parents set the limit
Parents are an important partner in the Student VISA® program. First
they must agree to accept financial responsibility as a co-signer. At the same
time, they know their children best and can request the card's credit limit at a
level with which they're comfortable (from $250 to $5,000). American Eagle's
Student VISA® card can help students in an emergency and offer
parents peace of mind.
We appreciate the opportunity to assist you with your education
financing needs
Should you have any questions regarding our education loan options,
please contact us at 860.568.2020,
extension 5102.
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