Get your student loan from Aurora Credit Union -- Lender Code:
832432
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 Aurora 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, Aurora 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
How to obtain a federal student loan
Complete a FAFSA
Before you begin applying for a Stafford and/or PLUS Loan, you must
first complete the Free Application for Federal Student Aid (FAFSA).
It must be completed for each academic year that you request federal
aid. FAFSAs for the upcoming academic year are
available online on or after
January 2. Contact your school for their application deadline.
Receive your SAR
Once your FAFSA is processed, a Student Aid Report (SAR) is created.
If you completed your FAFSA online, allow 1-2 weeks for you and your
school to receive the SAR electronically. Paper FAFSAs take 6-8
weeks to process.
Receive your Award Letter
Your school(s) use data from your SAR to determine your financial
aid award for the current academic year and send you an award letter
by e-mail or US Mail. (If your letter mentions the William D. Ford
Direct Lending Program, contact your school for the appropriate
promissory note.)
Complete a Stafford Master Promissory Note
Complete and print the Stafford Master Promissory Note (MPN) to get your loan at Aurora Credit
Union. While you must complete the FASFA process to apply for aid
each academic year, this Master Promissory Note will be used by the
credit union to process all of your loans over multiple academic
years at the same school. Be sure to indicate your FULL school name
(no abbreviations) and school code (if known), city and state in the
upper right-hand corner of the Master Promissory Note. Return it to
the address below so we can complete the processing for you.
Aurora Credit Union
Attn: Loan Department
3355 W. Forest Home Ave.
Milwaukee, WI 53215
If needed, complete a PLUS Master Promissory Note
Parents can complete and print the
PLUS Loan Master Promissory Note. The Plus Loan Master
Promissory Note will be used for all of your loans over multiple
academic years at the same school. Be sure to indicate your child's
school name (no abbreviations) and school code (if known), city and
state in the upper right hand corner of the Master Promissory Note.
Return it to the address below so we can complete the processing for
you.
Aurora Credit Union
Attn: Loan Department
3355 W. Forest Home Ave.
Milwaukee, WI 53215
Your school will receive the funds
Both Stafford and PLUS Loans are guaranteed and serviced by Great
Lakes Educational Loan Services, Inc. (Great Lakes). When Great
Lakes receives the Master Promissory Note from the credit union and
School Certification Form from the school indicating the loan amount
and disbursement dates, funds will be sent to the school.
Access your loan account online
You can check the status of your loan, view your account information
and make payments from your bank account 24/7 at
www.mygreatlakes.com.
After you log in, choose My Loans, then Internet Borrower Inquiry
Service to get started. This site offers a variety of tools for
calculating the cost of your loan. It's your resource to forms, a
glossary of financial aid terms, contact information, and lots of
other information to help you manage your loans.
Call these toll-free numbers for loan inquiries
Contact BEFORE your loan is disbursed to the school:
Great Lakes Educational Loan Services, Inc. at 800-236-6600
Contact AFTER your loan is disbursed to the school:
Great Lakes Educational Loan Services, Inc. at 800-236-4300
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
Aurora 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 at 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.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
servicer. This site is useful when consolidating student loans
Need help?
For help with the student loan process, call the credit union at
414-649-7948 or 888-530-9555.
Student
loan information