It’s Wise to Invest in your Future
we offer student financial aid options
STUDENT LOANS
Do you need to fill college funding gaps? We can help! We just lowered our rates on our private education line of credit! Rates are now as low as 4.99% APR* Let Frankenmuth Credit Union help you fill the funding gaps that remain after you’ve exhausted scholarships, grants, and federal loans. Even if you’re unsure of the exact amount you need, you can apply for your line of credit today and come back later this summer to finalize the process. Don’t be left scrambling for ways to cover your college costs – start your online application now
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Student Loan Deferment
| Description | APR* | Max. $ Amount |
|---|---|---|
| as low as | Maximum Dollar Amount | |
| Education Line of Credit | 8.00% | $50,000 Max. Line |
| Description | APR* | Rate** | Term |
|---|---|---|---|
| as low as | as low as | Term in Years | |
| Post Deferment Student Loan Refinance | 7.10% | 7.00% | 10 yrs to repay |
*APR=Annual Percentage Rate. APR based on sample loan amount of $30,000, payable in the number of months shown above. Actual APR may be higher or lower, depending on amount borrowed, length of repayment and credit score. A loan application fee applies and is included in the APR calculation. Must meet FCU's normal underwriting qualifications for approval. Rates may change at any time. **Rate is the annual rate of interest applied to the outstanding loan balance. Contact us for more details.
To estimate your minimum payment, use our Payoff Calculator. Click Here.
If you’ve exhausted free and cheap money for college costs and are still faced with funding gaps, you may be considering PLUS or private student loans. Review the pdf below to understand key differences.
Information and interactive calculators are available to you only as self-help tools for your personal use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from a Frankenmuth Credit Union professional regarding all personal finance issues. Call 989-497-1600 or find a branch near you.
