Need Money for Education?
Arizona Federal Credit
Union has student loans 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 assist your family with education needs.
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.
- Stafford Loan
- Parent PLUS Loan
- Grad PLUS Loan
- Consolidation Loan
Federal Stafford Loan
Subsidized or Unsubsidized
Who Can Borrow
Undergraduate or graduate students attending school at least half time
Interest Rate*
5.6% fixed rate for subsidized undergraduate borrowers
6.8% fixed rate for other Stafford borrowers
Additional Information
- 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
How To Apply
- Complete the Free Application for Federal Student Aid (FAFSA) before applying for a student loan. Click here to get started.
- 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
Who Can Borrow
Parents of dependent students attending school at least half time
Interest Rate
8.5% fixed rate
Additional Information
How To Apply
- Complete the Free Application for Federal Student Aid (FAFSA) before applying for a student loan. Click here to get started.
- Select Arizona Federal Credit Union (Lender Code 830168) as your lender if you are certified for a Parent PLUS student loan.
APPLY ONLINE
- DOWNLOAD APPLICATION
Federal Grad PLUS Loan
Who Can Borrow
Graduate students attending school at least half time
Interest Rate
8.5% fixed rate
Additional Information
- 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
How To Apply
- Complete the Free Application for Federal Student Aid (FAFSA) before applying for a student loan. Click here to get started.
- Select Arizona Federal Credit Union (Lender Code 830168) as your lender if you are certified for a Grad PLUS student loan.
APPLY ONLINE
- DOWNLOAD APPLICATION
Federal Consolidation Loan
Who Can Borrow
Borrowers with federal loans which are in grace or repayment status
Interest Rate
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%.
Additional Information
- 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
How To Apply
Program rates and conditions are subject to change at any time.
* Effective July 1, 2009
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
 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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