Student Loans
Make College a Reality
Get Your Student Loan from Allegiance Credit Union
Lender Code: 833506
Allegiance Credit Union participates in the Federal Family Education Loan Program (FFELP) offering Federal Stafford, PLUS, and Graduate Loan Applications are available here:
Stafford:
Start Loan Application
PLUS:
Start Loan Application
GRAD:
Start Loan Application
Through OSLA, Allegiance members receive:
0% Origination Fee for Stafford Loans
Allegiance Credit Union borrowers will have the 0% Origination Fee paid for them on Stafford loans.
0% Federal Default Fee
Allegiance Credit Union borrowers will have the 1% Federal Default Fee paid for them. This is a benefit that other student loan lenders may not offer to their borrowers.
.25% EZ Pay Discount
Allegiance Credit Union borrowers will receive a .25% reduction to their interest rate by signing up for auto debit – a savings available from day one of repayment.
Stafford Application Process:
Step 1
Complete the Free Application for Federal Student Aid (FAFSA).
You should also apply for a FAFSA PIN number. This PIN number is required to complete the online application. Go to http://pin.ed.gov to apply. It may take several weeks to receive your PIN number.
Step 2
You and the school(s) indicated on your FAFSA will receive a Student Aid Report (SAR). Check your SAR for accuracy and make any changes or corrections immediately.
Step 3
You will receive a Financial Aid Award Letter from your school notifying you of the financial aid that has been awarded to you including available loan amounts. Respond immediately to this letter as instructed by the school. If you choose to borrow through the Stafford or PLUS loan programs, you will be required to choose a lender. Your lender code will be 833506 for Allegiance Credit Union.
Step 4
Sign your Stafford loan Master Promissory Note (MPN) with an electronic signature at www.OSLA.org or according to instructions issued to you by your school. First-time Stafford loan borrowers are also required to participate in Student Loan Entrance Counseling as directed by your school.
