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Financing an Education

We all know the cost of higher education is ever increasing. Not only is it difficult to afford tuition, but other factors, such as housing, books, travel and living expenses contribute to making a college education a costly endeavor.

At TFCU, we'd like to help finance this venture. On this page is information on all types of loans TFCU offers to both students and/or parents, which can make the dream of a college education a reality.

Education Loans

Application  |  Rates

At TFCU, we'd like to help make the dream of a college education a reality.

TFCU Lender Code for Stafford and PLUS loans - 808190

Our Toll Free Number is 1-800-341-4333

    Stafford Subsidized Loan
  • For students, there is the Stafford Subsidized Loan. This is the most popular type of education loan. Factors that are considered when you apply for such a loan include cost of tuition and expected family contribution. Repayment of a Stafford Subsidized Loan begins six months after leaving school or below ½ time status, depending on the amount borrowed, you have up to ten years for repayment.
    Stafford Unsubsidized Loan
  • This type of loan is available to an eligible student attending a participating post secondary school. A student may receive a combination of Subsidized and Unsubsidized loans. Students may be ineligible for a Subsidized Stafford loan; however, still may qualify for an Unsubsidized Stafford loan. The borrower is responsible for paying all interest that accrues on the loan from the time the loan is disbursed until it is paid in full.
    Parent Loan for Students (PLUS)
  • Even with the help of a Stafford Loan, there is often a gap between what continued education costs and what parents can afford to pay. For parents who are paying for their children's education, there is the Parent Loan For Students (PLUS). Repayment of a PLUS loan begins within 30 days after final disbursement and depending on how much is borrowed; parents have up to ten years to repay this loan.
    Graduate PLUS Loan
  • Graduate and Professional students can now apply for federal Graduate PLUS loans to help finance their education. This type of loan helps qualifying students pay the difference between the financial aid already received from scholarships, grants, student loans, and the cost of attendance. There are no loan limits. Repayment begins 60 days after the loan is fully disbursed and depending on how much is borrowed; you have up to ten years to repay this loan.
    Alternative Student Loan
  • Alternative Student Loans help bridge the gap between the actual cost of your education for Undergraduate and Graduate students and the limited amount the government allows you to borrow. Loan amount will be calculated by taking the cost of attendance less financial aid. Repayment begins 30 days after the loan is disbursed and you have 15 years to repay this loan.
    Career Education Loan
  • The Career Education Loan is designed for the borrower who is attending an accredited trade school to obtain specific skill set. Repayment begins 30 days after the loan is disbursed to the school and you have a maximum of 10 years to repay this loan.
    Home Equity Loan
  • Another alternative to consider in financing an education is a Home Equity Line-of-Credit or Mini-Home Equity Loan. Home Equity Loan Rates.