Sidney Federal Credit Union

Student Loans

Get Your Student Loan from Sidney Federal Credit Union

Lender Code: 808170

You know the value of a college education.

Getting a college degree is a worthwhile goal. College graduates make an average of one million dollars more than those without college degrees (www.studentloanfacts.org). But the cost of a college education can be overwhelming for both students and parents. That’s why Sidney Federal Credit Union offers Federal Family Education Loan Program (FFELP) loans. If you or another family member plans to attend a university, technical college, or any specialized training program, Sidney Federal Credit Union can help you with the funding you need to pursue your dreams.

FFELP offers loans for students and parents.

Stafford Loans

  • The subsidized Federal 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 (Parental Loan for Undergraduate Students) Loans

Creditworthy parents of dependent undergraduate students can apply for this loan, which is not based on need.

Learn more about low-interest federal student loans.

Refer to the Student Loan Quick Reference Guide for more details on Stafford and PLUS Loans including:

  • the application process
  • current rates
  • loan limits
  • toll-free numbers to check the status of your loan account

Take advantage of these interest rate reductions at Sidney Federal Credit Union.

  • 0.25% interest rate reduction to members making student loan payments through Automated Clearing House (ACH).
  • 0.25% interest rate reduction after 12 on-time payments.

Here’s how to obtain a Federal Student Loan.

  • How to obtain a Federal Student Loan
  • After graduation, consider consolidating your student loans.
    • After you graduate lock into a low fixed rate by consolidating your student loans, even if you only have one. Find out more about Consolidating your Student Loans.
  • Manage your finances.
    • The Sidney 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.
  • Plan your future. Visit these Web sites.
    www.mapping-your-future.org Detailed information about career planning, selecting a school, and paying for college.
    www.studentaid.ed.gov Detailed student aid and student loan information from the U.S. Department of Education.
    www.fastweb.com Scholarship information
    www.fafsa.ed.gov Online application for financial aid (FAFSA).
    www.pin.ed.gov Apply for a PIN number to complete online FAFSA.
    www.mygreatlakes.com Great Lakes Educational Loan Services, Inc. is the guaranty agency for your student loans. You can check the status of your student loans here.
    www.nslds.ed.gov View the history of the federal student financial aid you have received.
    www.loanlocator.org Helps you keep track of your loans if you have more than one loan service. This site is useful when consolidating student loans.

Need help?

For help with the student loan process, call the credit union 877-642-SFCU, ask for Nicole Krom. Or email at Nkrom@sidneyfcu.org

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