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Did you know that Arizona Federal is the only credit union in the Valley that offers student loans?
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Arizona Federal offers you affordable student loan options
Did you know that Arizona Federal is the only credit union in the Valley that offers student loans?
Due to recent regulatory changes, many lenders have stopped providing student loans. However, Arizona Federal—a student loan lender for over 20 years—continues to offer a suite of affordable student loan products to help students and families overcome the challenges of paying for higher education.
If you’ll be applying for a student loan anytime soon, make sure you give the Arizona Federal lender code to your school’s financial aid office when you apply for your loan. Our lender code is 830168.
To learn more about Arizona Federal’s student loan products or apply for a student loan, call (602) 683-1219 or email our Student Loan Department at studentloans@azfcu.org. We can provide you with information on products and resources that will help you and your family attain and finance your higher education dreams.
Federal Student Loan Options at Arizona Federal
| Loan Type |
Who Can Borrow |
Interest Rate* |
Repayment Terms |
Federal Stafford Loan
- Subsidized
- Unsubsidized |
Undergraduate or graduate students attending school at least half time |
6.0% fixed rate for subsidized undergraduate borrowers 6.8% for other stafford borrowers |
No Payments while in school and during six month grace period following graduation or change to less than half time status. |
| Federal Parent PLUS Loan |
Parents of dependent students attending school at least half time |
8.5% fixed rate |
Payments begin within 45 to 60 days after final disbursement. As of 7/1/08, new option to defer payments is available. |
| Federal Grad PLUS Loan |
Graduate students attending school at least half time |
8.5% fixed rate |
No payments while in school and during six month grace period following graduation or change to less than half time status. |
| Federal Consolidation Loan |
Borrowers with federal loans which are in grace or repayment status |
Fixed rate calculated using the average weighted interest rate of loans being consolidated rounded up to the nearest 1/8th of 1% |
Payments begin 45 to 60 days after disbursement. May lower monthly payments by as much as 52% - depending on loan balance. |
| *For loans first disbursed on/after July 1, 2008. Rates subject to change. |
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