Need Help Paying for College?

Stop worrying about how you’re going to afford it and start focusing on what really matters. BWCU can give you a student loan to help pay your way through college under the Federal Family Education Loan Program (FELP).

There are two types of loans available.

For students: Federal Stafford Loans (download form)

• Loan amount is set by college costs, grade level, other financial aid (if you got any) and limits set by the government.
• Repayment begins six months after you graduate, leave college or drop below the minimum enrollment requirement.
• Maximum repayment term is 10 years.

For parents: Federal PLUS Loans (download form)

• Parents/stepparents may borrow even when you don’t qualify for other financial aid.
• Loan amount is determined by college costs, grade level, other financial aid (if applicable) and limits set by the government.
• Repayment begins when proceeds of the loan are disbursed.
• Maximum repayment term is 10 years.

* Remember, the first step in the process is to fill out the Free Application for Federal Student Aid (FAFSA). Visit the Department of Education’s web site at www.fafsa.ed.gov.

Higher education without higher student loan fees

Once you receive your award letter, come to us for low rates, fast turnaround on your loan application, and the personal assistance you’ve come to expect from your BW credit union.

Visit a BWCU branch or contact a rep to learn more.