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Education Loans Get the most from government and American Eagle loan programs 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. AEFCU is proud to be affiliated with Sallie Mae, a leader in providing exceptional service to college students, parents, and graduates. 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. Also, consider a Student VISA® card from American Eagle.
Federal Stafford Loans
Federal Stafford Loans How to Begin? Follow the "Step-by-Step Guide." If you discover you'll need additional funds, take advantage of American Eagle's education loans. Subsidized and Unsubsidized Federal Stafford Loans are low-interest loans made to qualified students by the Credit Union through the Federal Family Education Loan Program (FFELP). They're written for one year and allow a student to reapply each year he or she is in school. 10 year maximum repayment Subsidized Federal government pays the interest on the loan until repayment begins and during any deferment periods. Repayment does not begin until six months after the student leaves school. Unsubsidized Interest is paid by the borrower while in school or can be deferred until after separation from school. Back to Top Parent Plus Loans Plus Loans are low-interest loans made to eligible parents or legal guardians who may borrow up to the full cost of education. The borrower is responsible for paying the principal and interest that accrues on the loan from the time the loan is disbursed until it's paid in full. The first payment must be made no later that 60 days after the loan is fully disbursed. Interest is tax deductible. 10 year maximum repayment. < Back to Top 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 need can vary from semester to semester, you'll be able to apply each semester for just the loan amount you need. Repayment is 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. Back to Top 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 and establish a credit rating. 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-applicant. 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. Back to Top We want to help you get the education funding you need. Step-By-Step Guide to Subsidized Federal Stafford Loans As a participant in the Federal Family Education Loan Program (FFELP), American Eagle is a lender of Subsidized and Unsubsidized Federal Stafford Loans. To see if you qualify, get started with these five steps: Before you can apply for financial aid, you must be accepted for admission at a college, university or vocational school. Most accredited schools qualify; if in doubt, the FFLEP provides a list of eligible schools.
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| email: info@americaneagle.org 860.568.2020 800.842.0145 |
Federally insured by NCUA. Equal Opportunity/Equal Housing Lender.   |
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