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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 Anoka Hennepin Credit Union Smart option Student Loan® by Sallie Mae® is an ideal solution to help bridge that gap between federal loans and the cost of your education expenses. 

To learn more or to apply, please get started here.

The Smart Option Student Loan features and benefits:

  • Competitive Interest Rates
  • Borrow up to 100% of school certified education costs (minimum $1,000)
  • Multiple in-school repayment options available
  • Borrower benefits available –like rewards and interest rate reductions
  • Rates that reward creditworthy borrowers
  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower rate
  • Fast Online Application. Our easy-to-complete application takes about 20 minutes. It's quick and easy.
  • 24/7 online account management
  • No prepayment penalty.

To learn more or to apply, please get started here.

 
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.