Make College a Reality

Get Your Student Loan from Tempe Schools Credit Union

Lender Code: 832345

 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 Tempe Schools 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, Tempe Schools 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.
• Parent PLUS/Grad PLUS Loans

Creditworthy parents of dependent undergraduate students and
graduate/professional 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

Here’s how to obtain a federal student loan.

1. 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 at http://www.fafsa.ed.govon or after January 2. Contact your school for their application deadline.

* Clicking on any link will take you off Tempe Schools Credit Union’s website!!

2. 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.

3. 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.)

4. Complete a Master Promissory Note

Apply fast and easy on-line and receive answers to
frequently asked questions.

Apply Now for a Federal Stafford Loan
Apply Now for a Federal PLUS (Parent) Loan
Apply Now for a Federal Graduate/Professional PLUS Loan

* Clicking on any link will take you off Tempe Schools Credit Union’s website!!


5. Your School will Receive the Funds

Stafford, Parent PLUS and Grad PLUS Loans are guaranteed
and serviced by Great Lakes. When Great Lakes receives
your Master Promissory Note and School Certification Form
from the school indicating the loan amount and disbursement
dates, funds will be sent to the school.

6. 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.org,
Choose ”Borrowers” and then log in to access Internet Borrower Inquiry Service. 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.

7. Call These Toll-free Numbers for Loan Inquiries

• Contact BEFORE your loan is disbursed to the school:

Great Lakes at 1-800-366-0032

Contact AFTER your loan is disbursed to the school:

Great Lakes at 1-800-236-4300

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.

Tempe Schools 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.mappingyourfuture.org  - Detailed information about career planning, selecting a school, and paying for college. www.studentaid.ed.gov - Detailed student aid and student loan info from the U.S. Dept of Ed.
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.org  -  Great Lakes 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.finaid.org - Guide to student financial aid and scholarship
search services.
www.collegeplan.org - Information on college selection, admissions,
financial aid and scholarships.
www.princetonreview.com/home.asp - Offers powerful college search tools, useful links, expert advice and guidance from an experienced college panel.
www.usnews.com/usnews/edu/college/cohome.htm - US News &
World Report’s college search and financial aid assistance.

* Clicking on any link will take you off Tempe Schools Credit Union’s website!!

Need help?

For help with the student loan process, call the credit union at 480-967-9475