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Federal Direct Loan Program Sallie Mae Smart Option Student Loan® AHCU's Education Loan
 
Student Loan Options

No matter what your educational goals and dreams are, Anoka Hennepin Credit Union is here to help you reach them.

 
Federal Direct Loan Program

With the recently enacted Health Care and Education Affordability Reconciliation Act of 2010 (H.R. 4872), the Federal Family Educational Loan (FFEL) Program has been eliminated. Private lenders like AHCU no longer have a role in originating or funding federal Stafford, PLUS or Consolidation loans. Beginning July 1, 2010 all new federal student loans will be issued via the William D. Ford Direct Loan Program. Contact your school’s financial aid office for more information or go to www.direct.ed.gov.

For questions or service related to an existing Federal Family Educational Loan secured through AHCU, contact our chosen servicer, Great Lakes at 1-800-236-4300, or at www.mygreatlakes.org.

 
Sallie Mae Smart Option Student Loan®
The Sallie Mae Smart Option Student Loan® can provide the money you need if you still have a gap after scholarships, grants, and federal aid. With the Smart Option Student Loan®, you can significantly reduce your total loan cost and free yourself from student loan debt faster. Designed to help shorten the amount of time it takes to pay off the loan and avoid capitalized interest, the Smart Option Student Loan requires interest-only payments while you are in school. This means you can save significantly by selecting the smartest student loan. Click here to learn more and to apply.
 
AHCU's Education Loan
When the other student loan options aren’t quite enough for school supplies or other educational needs, AHCU has an education loan that is easy and affordable. When you’re enrolled in a post-secondary educational institution you can take out up to $3000 per year ($12,000 maximum over lifetime) with fixed payments computed over seven years. For more information call us at 763-422-0290 or apply online.