Changes in the government student loan program make it easier than ever to take advantage of student loans. AAL-MCU is happy to be able to offer you this very affordable college financing. Subsidized Federal Stafford Loan Available to qualified undergraduate and graduate students. Low variable rate. No payments until six months after leaving school.
Federal government pays all interest while the student is in school.
Unsubsidized Federal Stafford Loan Same terms as above, but this loan is not on a needs basis. That means more students will qualify for this type of loan. Unlike the Subsidized Federal Stafford Loan, the Federal government does not pay the interest while the student is in school. Parents may borrow all college fees, less any grants or student loan funds already approved. Once you have received your packet simply follow the instructions on the inside cover.