Student Loans

St. Paul Federal Credit Union Lender Code: 834130

College can be a reality

With a Student Loan from St. Paul Federal Credit Union (Lender Code: 834130), higher education is a possible and worthwhile goal.

While reports and statistics show education costs rising exponentially, research proves that a college degree does pay off. If you or your children dream of a higher education through college, technical school or specialized training, let St. Paul Federal Credit Union help you secure the funding you need to secure your dream.

An investment that really pays off
College graduates make an average of one million dollars more than those without college degrees. Find out just how a college degree pays off with the Student Loan Facts information link in our TOOLBOX.

We offer the Federal Family Education Loan Program (FFELP) loans for students and parents.

Federal Stafford Loans

• The subsidized Stafford Loan is based on financial need. The government pays the interest while you are in school.
• The unsubsidized Federal Stafford Loan is not based on need but family income is a determining factor. You pay all the interest, although you can have the payments deferred until after graduation.

PLUS Loans (Parental Loan for Undergraduate Students)
Creditworthy parents of dependent undergraduate students can apply for this loan, which is not based on need.

Get started with information in our Tool Box

• Learn more about low-interest federal student loans with the Student Loan Quick Reference Guide found in our TOOLBOX. Here you’ll find information on the application process, current rates, loam limits and toll-free numbers for your account status.
• Steps needed to obtain a federal student loan

After you graduate
With your diploma in hand, you may want to consider consolidating your student loans. When you do, you can lock into a low fixed rate, even if you only have one loan. Find out more about consolidating your Student Loans with the link in our TOOLBOX.

Managing your finances during and after school
St. Paul Federal Credit Union and Great Lakes are committed to helping students learn to manage their finances. The regularly updated Personal Financial Management Resources provides information on anticipating college costs and staying in control of your finances while in school.

Whether college is down the road or just around the corner, the Web sites listed in the Tool Box will provide you with the financial education you need.

Need more help?
Contact us for assistance with the student loan process. Contact link is in our TOOLBOX.