Make College a Reality
Get Your Student Loan from
BayLands Federal Credit Union
Lender Code: 833684

You know the value of a college education.

Getting a college degree is a worthwhile goal. College
graduates make an average of one million dollars more
than those without college degrees (www.studentloanfacts.org).

But the cost of a college education can be overwhelming
for both students and parents. That’s why BayLands offers Federal Family Education Loan Program (FFELP) loans.

If you or another family member plans to attend a university, technical college, or any specialized training program, BayLands can help you with the funding you need to pursue your dreams.

 

FFELP offers loans for students and parents.

Stafford Loans

The subsidized Federal Stafford Loan is based on financial need. The government pays the interest while you are in school.

The unsubsidized Federal Stafford Loan is not based on need but family income is a determining factor. You pay all the interest, although you can have the payments deferred until after graduation.

Parent PLUS/Grad PLUS Loans Creditworthy parents of dependent undergraduate students and graduate/professional students can apply for this loan, which is not based on need.

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From textbooks to tuition, we've got you covered.
Don't let the rising costs of higher education get you down. Whether you need to cover smaller expenses like books and meals or you need several thousand dollars to assist with tuition costs, we're here to help.
Our partnership with CU Student Higher Education Loan Program (CU Student H.E.L.P.) helps students fill the gap between the cost of attendance and traditional financial aid. With a CU Student H.E.L.P. loan, no payments are required while the student is enrolled at least half-time. Other benefits include a 12-month grace period after graduation and no penalty for prepayment. Apply online today and receive an online decision in less than a minute. Or you can apply by phone at (877) CUEDLOAN or (877) 283.3562. Undergraduate and Graduate Loans

Loan Minimum: $500
Loan Maximum: The Total Cost of Education for your school minus other financial aid, up to an aggregate lifetime maximum of $250,000.
Interest Rate: Competitive rates exclusive to credit union members.
Loan Fees: Competitive fees exclusive to credit union members.
Grace Period: 12 months after graduation.
Incidental Loan Option: $500 to $3,0001
BayLands Federal Credit Union encourages all loan applicants to apply with a creditworthy cosigner to increase their chances of approval and of obtaining a lower interest rate and/or loan fee.

Additional Program Features

• Borrowers can apply online 24/7 and get an online decision in less than a minute;
• Cosigner is eligible for release during repayment2;
• Borrowers may receive interest rate reductions for auto-debit and on-time payments2;
• Level and graduated repayment options with forbearance up to one year; and
• No prepayment penalties.

Borrower Qualifications

To be eligible for a BayLands Federal Credit Union Student H.E.L.P. loan, the borrower must be 18 by the date of application, enrolled at least half-time in, or admitted to, an eligible institution and a U.S. citizen or eligible non-citizen holding a valid, unexpired USCIS form I-151 or I-551. Borrower must be making satisfactory academic progress.

Apply Now  Click here to apply for CU Student H.E.L.P.

CU Student H.E.L.P. is administered by CampusDoor. All loans are subject to credit approval. Lender is Lehman Brothers Bank, FSB. Equal Opportunity Lender. BayLands Federal Credit Union is compensated for the referral of private loan customers to the Lender.

1. The incidental loan can be a maximum of 30% of the requested loan amount, up to a $3,000 maximum loan amount, with a minimum lloan amount of $500. Please note that if the Financial Aid Office reduces the loan amount at certification, the amount of the incidental lloan may be reduced or possibly eliminated.  2. Borrower benefits terms and conditions are subject to change.  3. Mississippi residents under the age of 21 may borrow with written consent from a parent or guardian.

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Learn more about low-interest federal student loans.
Refer to the Student Loan Quick Reference Guide for more details on Stafford and PLUS Loans including:

Obtaining a Federal Student Loan
The process to obtain a federal student loan is not complicated but there are a number of steps that must be taken in order. Click here to learn more about the Federal Student Loan Application Process.

Manage your finances.
BayLands Federal Credit Union and Great Lakes are committed to helping students learn to manage their finances. The regularly updated Personal Financial Management Resources provides information on anticipating college costs and staying in control of your finances while in school.

Plan your future. Visit these Web sites.

www.mapping-your-future.org	Detailed information about career planning, selecting a school, and paying for college.
www.studentaid.ed.gov	Detailed student aid and student loan info from the U.S. Dept of Ed.
www.fastweb.com	Scholarship information
www.fafsa.ed.gov	Online application for financial aid (FAFSA).
www.pin.ed.gov	Apply for a PIN number to complete online FAFSA
www.mygreatlakes.com	Great Lakes Educational Loan Services, Inc. is the guaranty agency for your student loans. You can check the status of your student loans here.
www.nslds.ed.gov	View the history of the federal student financial aid you have received.
www.finaid.org	Guide to student financial aid and scholarship search services.
www.collegeplan.org	Information on college selection, admissions, financial aid and scholarships.
www.princetonreview.com	Offers powerful college search tools, useful links, expert advice and guidance from an experienced college panel.
www.usnews.com	US News & World Report’s college search and financial aid assistance.

After graduation, consider consolidating your student loans.
After you graduate, lock into a low fixed rate by consolidating your student loans, even if you only have one. You should always find out more about consolidating your student loans.

Need help?
For help with the student loan process, call the credit union at 888-843-2520 or e-mail lending@baylandsfcu.org.

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Informational Documents related to Student Financial Aid.