Marathon County Credit Union offers Federal Stafford loans
for students and Federal PLUS loans for parents. Every student
who has been accepted at a postsecondary school is eligible to
apply for federal student loans, regardless of family need or
ability to pay. You must apply for financial aid every year, even if you
think you don't qualify.
To apply for financial aid from the federal government,
including the Stafford Loan, Perkins Loan, Pell Grant and
work-study, you will need to submit the Free Application for
Federal Student Aid (FAFSA.) You can get the paper version of
the FAFSA from your local high school advisor or college
financial aid office. You may also fill out a web-based version
of the FAFSA at www.fafsa.ed.gov.
If you have questions while completing the FAFSA, paper or
electronically, call 1-800-433-3243 or 1-319-337-5665.
When you get the results of the FAFSA, stop in the Credit
Union and see us for your Student Loan Promissory Note.
Marathon County Employees Credit Union provides quality
guarantee, loan origination and servicing through our
partnership with Credit Union Student Loan Network and Great
Lakes Higher Education Corporation.
Through our network we offer:
- Education about the range of
financial assistance options available.
- Direction to student members
to seek out grants, scholarships, and other non-loan funding
before applying for a student loan.
- Efficient and knowledgeable
service.
- No borrower guarantee fee for
two- and four-year public and private undergraduate
institutions and graduate and professional schools.
- 24-hour turnaround on properly
completed applications.
- Electronic funds transfer to
speed up the loan delivery process.
For more information on the various education loan programs,
call Mary Berndt, MCECU's Student Loan Representative, at
715-261-7687 or email
her.
Marathon County Employees
Credit Union's Lender Code for Student Loans is 833596.
You can obtain more
information on student loans and paying for college from the
following websites:
Great Lakes Higher Education
Corporation - www.mygreatlakes.com
U.S. Dept. of Education - ed.gov
fastweb.com
mapping-your-future.org
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