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IMPORTANT STUDENT LOAN PROGRAM
INFORMATION LOCATED BELOW
"OTHER LOANS" LISTING.
Other Loans Offered by KALSEE Credit Union
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Auto Loans
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Personal Loans
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Bill Consolidation Loans
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Recreational Vehicle Loans
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| Boat Loans |
Revolving Credit Loans |
| Home Equity Loans |
Secured Loans |
| Home Improvement Loans |
Signature Loans |
| Mortgages |
VISA Cash Advance Loans |
| Mobile Home Loans |
K-12 Educational Funding Loans |
| Overdraft Line-of-Credit Loans |
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IMPORTANT! Changes to the Federal Student Lending Process
NOTE: All links below will take you off KALSEE's website to other websites.
With the recently enacted Health Care and Education Affordability Reconciliation Act of 2010 (HR 4872), the Federal Family Educational Loan (FFEL) Program has been eliminated. Private lenders, such as KALSEE Credit Union, no longer have a role in originating or funding federal Stafford, PLUS, or Consolidation loans.
Federal Direct Student Loans
As of July 1, 2010 all new federal student loans will be issued via the William D. Ford Direct Loan Program. The lender for your federal loans will be the U.S. Department of Education and not KALSEE or other financial institutions.
Stafford and PLUS Loans: Visit the Department of Education website http://www2.ed.gov/offices/OSFAP/DirectLoan/student.html for information about Federal Direct Stafford and PLUS loans. It is suggested that you stay in close contact with your school’s Financial Aid Office to apply and monitor application status.
Consolidation Loans: You may have the opportunity to consolidate your existing loans through the Federal Direct Loan Consolidation Program. To view consolidation loan detail, visit the Department of Education Consolidation Loan website
Direct Lending Borrower Aids: Although our credit union will no longer be funding federal student loans, we would like to continue assisting you in whatever way we can.
Below, please find some helpful information regarding Federal Direct Student Loans:
For Information on Existing Loans
For questions or service related to an existing Federal Family Educational Loan secured through our credit union, contact Great Lakes (our original servicer) at 1-800-236-4300 or access your account information online at www.mygreatlakes.org
For questions regarding who holds or services your existing federal student loan(s), please access the National Student Loan Database , which is a Department of Education central database for student aid.
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