Student Loan Center of the Champlain Valley Credit Union


Make College a Reality Quick Reference Guide Consolidate Your College Loans Frequently Asked Questions FAFSA Completion Tips High School Planning Guide

GUARANTEED STUDENT LOANS (FFELP)

BORROWER RATES
Fixed Interest Rates for Loans First Disbursed on or after July 1, 2006
Federal Stafford Loans - Undergraduate Subsidized Loans For loans first disbursed after July 1, 2008	6.00%
Federal Stafford Loans	6.80%
Federal PLUS Loans	8.50%
Federal Consolidation Loans Weighted average of the interest rates on the loans consolidated, rounded up to the nearest 1/8th of one percent.
Variable Interest Rates for Loans First Disbursed Between July 1, 1998 and June 30, 2006
Federal Stafford Loans - In-school, grace, or deferment	6.62%
Federal Stafford Loans - Repayment	7.22%
Federal PLUS Loans	8.02%
Federal Consolidation Loans Weighted average of the interest rates on the loans consolidated, rounded up to the nearest 1/8th of one percent.

REFERENCE PDFs

Quick Reference Guide - An outline of the Financial Aid Process and guidelines for each of the Federal Family Education Loan Products.

Stafford Promissory Note - Click here to complete the Stafford Master Promissory Note after you have received your award letter.

Plus Promissory Note - If your financial aid award is not sufficient to cover your costs, click here to complete the Parent PLUS Master Promissory Note.

Federal Consolidation Loan Application and Promissory Note - Click here to consolidate all your federal student loans into one loan.

ADDITIONAL REFERENCE

Below are several sites that can provide you with more information on financial aid, student loans, and applying for college.

Great Lakes Higher Education Corporation - (www.mygreatlakes.com) Access your loan information through Great Lakes’ “Internet Borrower Inquiry Service’ or find out more about student loans through their “Frequently Asked Questions” feature. Watch for new on-line services and learn more about Great Lakes, the guarantor and servicer of your loan.

Department of Education - (www.ed.gov/index.jhtml) This site holds important information for students. Learn more about the Federal Family Education Loan Program, access financial aid information, get the latest on news and events happening at the Department of Education, and much more.

FAFSA - (www.fafsa.ed.gov) Locate the Free Application for Federal Student Aid (FAFSA) instantly on the Department of Education’s Web site. Print out the step-by-step instructions and application, or fill it out right on-line.

FastWeb - (www.fastweb.com) You’ll find FastWeb to be an incredible resource. This site asks a series of questions upon which a scholarship search is done on your behalf. And it is all for free!

Mapping Your Future - (www.mapping-your-future.org) This site will help you learn more about the financial aid process and find information and resources on paying for school. It also provides information to help you select a school and plan for a career.

Champlain Valley Credit Union
1 Market Place, Suite 8 Essex Junction, VT 05452		7 Green Street Vergennes, VT 05491