STUDENT LOANS

A college education can be expensive. But a DFECU Student Loan can help make handling those costs a little easier. For eligible members we offer Stafford Loans; for their parents, we offer PLUS Loans. Learn more about student loans and paying for college at the State of Michigan student aid website by clicking here.

Stafford Loans

To apply for a Stafford Loan, the member must be:

• Enrolled in an accredited school, and
• Be taking at least six credits per semester.

The student must obtain a Financial Aid form from the college and file it with the school. Once the school has determined how much financial aid the student will receive, they can apply for a Stafford Loan for the remainder of the tuition.

PLUS Loans

As with Stafford Loans, parents of a college student must first file a Financial Aid Form with the school before applying for this loan. DFECU members can receive a loan to cover the difference between the cost of college and the financial aid granted.

Our loans are serviced through National Education Loan Network (NELNET).

DFECU's Annual Scholarship Program

Click here to learn about DFECU's annual scholarship essay contest.