Need Money for Education?
Arizona Federal Credit
Union has student loans and other resources to assist its
members and families to achieve their dreams of higher education.
Arizona Federal Credit
Union understands the value of education and appreciates
the complexity of navigating through the maze of financial
options and information. We can help you with additional
resources and tools to assist your family with education needs.
Here are some of those
resources available for you at Arizona Federal Credit Union:
Student Loans
Arizona Federal Credit Union has been a student loan lender in the Federal Family
Education Loan Program (FFELP) since 1985 and helps members and their families
achieve their dreams of higher education with a variety of student loans. Due
to recent regulatory changes, many lenders have stopped providing student loans.
However, Arizona Federal continues to offer a suite of student loan products to
help students and families meet the challenges of paying for school.
| Loan Type |
Who Can Borrow |
Interest Rate* |
Additional Information |
How to Apply |
|
Federal Stafford Loan
|
Undergraduate or graduate students attending school at least half time
|
6.0% fixed rate for subsidized undergraduate borrowers
6.8% fixed rate for other Stafford borrowers
|
- No payments during in school and 6 month grace period
- No application fee
- No credit check required
- No prepayment penalty
- Easy online application
- Life of loan servicing
|
- Complete FAFSA and have information sent to your school(s)
-
Select Arizona Federal Credit Union (Lender Code 830168) as your
lender if you are certified for a Stafford student loan
APPLY ONLINE
|
|
Federal Parent PLUS Loan
|
Parents of dependent students attending school at least half time
|
8.5% fixed rate
|
|
- Complete FAFSA and have information sent to your school(s)
-
Select Arizona Federal Credit Union (Lender Code 830168) as your
lender if you are certified for a Parent PLUS student loan
APPLY ONLINE
|
|
Federal Grad PLUS Loan
|
Graduate students attending school at least half time
|
8.5% fixed rate
|
- No payments during in school and 6 month grace period
- More cost effective than most private loans (e.g. HELOC)
- Borrow up to the full cost of education
- No application fee
- No prepayment penalty
- Even though a credit check is required, there are NO income requirements and NO credit is considered good credit
|
- Complete FAFSA and have information sent to your school(s)
-
Select Arizona Federal Credit Union (Lender Code 830168) as your
lender if you are certified for a Grad PLUS student loan
APPLY ONLINE
|
|
Federal Consolidation Loan
|
Borrowers with federal loans which are in grace or repayment status
|
Fixed interest rate for life of the loan. The rate is calculated as the
weighted average of the interest rate of loans being consolidated rounded
up to the nearest 1/8th of 1%.
|
- May lower monthly payment amount by as much as 45%
- Repayment terms up to 30 years (depending on principal balance)
- No credit check required
- No prepayment penalties
- No application fees
- Make just ONE payment to ONE lender per month
|
Application available soon.
|
|
Program rates and conditions are subject to change at any time.
* Effective July 1, 2008
|
For more information, contact us at:
Arizona Federal Credit Union Student Loans
602 683-1219
602 683-1919 FAX
1 800 523-4603 Option 6 ext 1219
Email: studentloans@azfcu.org
Student and Parent Resources
 Read
our student
loan FAQs for answers to your
student loan questions.
For additional
information regarding student loans, please call
us at (602) 683-1000, ext. 1219 or 1-800-523-4603
option 5, ext. 1219.
|
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