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Federal Stafford Loans
Stafford Loans :: PLUS Loans :: Consolidation Loans :: Student Services

Subsidized Stafford Loan.  For students who demonstrate financial need.  With this loan, interest is paid by the government while you are in school and during the first six months following graduation.  The credit union will waive all origination fees associated with the Subsidized Stafford Loan application.  To apply now, click on FASTLoans Online.

Unsubsidized Stafford Loan.  Under this program, interest is paid by the borrower, but it may be deferred until graduation, or paid while you are still in school.  The credit union will waive all origination fees associated with the Unsubsidized Stafford Loan application.  To apply now, click on FASTLoans Online.

To learn more about Federal Family Education loans:
2008-2009 Academic Year - Quick Reference Guide

Interest Rate

The interest rate on Stafford Loans, which is set by the federal government, is subject to change July 1 of each year.

Beginning July 1, 2008 - Stafford Loans (subsidized) become a fixed rate:  6.00%
                                         - Stafford Loans (unsubsidized) become a fixed rate: 6.80%
                                        
Loans disbursed prior to July 1, 2006 will remain at the variable rate.

Emory Alliance CU Student Advantage Program

Students who enter repayment on or after 7/1/2008 will receive a .75% interest rate reduction. Many financial institutions reduce the rate after a period of on-time payments.  Emory Alliance CU reduces it immediately upon entering repayment.

Students who choose to have their payments electronically deducted from their Emory Alliance CU checking account or any other checking or savings account will receive an additional .25% interest rate reduction.

Upon graduation, the credit union will offer the borrower a 1.5% interest rate reduction on our most current 5-year new automobile rate with presentation of a letter of employment.