Student Loan Help
There are many options to choose from when searching for ways to pay for school. Federal financial aid, grants and scholarships are always the first place to start when looking for scholastic funding. However, these options do not always cover the full cost of college. Metro North Federal Credit Union offers the perfect solution for bridging the gap between attendance costs and financial aid.
Helping Students Bridge The Gaps In Financial Aid
Metro North Federal Credit Union’s private student loan is unlike other forms of financial aid. Our loans are not purely based off of need. Instead, they are based on a student’s credit score and, if needed, the credit score of a co-signer. Our private student loans offer many benefits, including:
- Zero prepayment fees
- Low interest rates
- Flexible repayment options
- Easy application process
Low Interest Rate Loans
We understand that college is expensive. To help you afford your return to school, our private student loans have low interest rates. The current annual percentage interest rate for a MNFCU student loan is between 7% and 8%.
Flexible Student Loan Payments and Discounts
MNFCU strives to help you find affordable and stress-free student loans. This continues even after graduation. Our private student loans offer a variety of repayment options to best suit your needs. Repayment options include:
- Interest-only payment during school
- Lower repayments for the first two years after graduation
- Make full payments while still in school
- Defer principal and interest payments until six months after graduation
We also offer a .25% discount during repayment to further help you pay for college. To qualify for the discount, borrowers must set up automatic electronic payments and their loan must be in full repayment during the repayment or draw period.
Choose MNFCU For Student Loan Help
Don’t hesitate to return to school due to gaps in financial aid. A private student loan from Metro North Federal Credit Union provides affordable flexible options to help fund your education. Apply now or contact us at (248) 674-0491 for more information.
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