Student Loans

Need money for college?

At Matadors Community Credit Union, it’s our mission to help you achieve your educational goals. You can access financial aid counseling, student loans, and financial management tools all in one place.

We’ve teamed up with College Loan Corporation, a top national student loan lender, to provide educational support and financing for you and your family.

A small percentage of students actually receive full scholarships.

You should always look for free money first, like scholarships and grants. However, few students receive enough scholarship money to completely cover their college costs. To find scholarship money, search free websites, check your school’s financial aid office and ask your family and friends for ideas.

In addition to scholarships, request federal grants and loans by completing the form called the “FAFSA.” This Free Application for Federal Student Aid is completed online. The federal government will let you know the amounts of grants and loans that you qualify for. A limited number of students qualify for grants; however, most qualify for student loans.

If you need to borrow for college, the Federal Stafford Loan for students is usually your best choice. Although the Stafford Loan has great terms and a low interest rate, the federal government caps the amount that you can borrow based on your year in school, with a maximum of $5,500.

Have a Stafford Loan and need additional money?

If your Stafford Loan isn’t enough to cover your college costs, your next step would be a PLUS Loan for parents or, if your parents can’t help, a private student loan. Private student loans are not federal loans and work more like traditional consumer loans.

To help you with this, we are pleased to offer you the CLC® Premier Loan, offered by our partner, College Loan Corporation. A CLC Premier Loan helps you bridge the gap between your financial aid and your total cost to attend college.

· Borrow up to $40,000 each year (or as little as $2,000)
· Interest rate as low as prime +0%
· No payments until after you leave school (or drop below half time)
· Instant credit decisions
· Flexible repayment terms based on loan balance
· May apply for co-borrower release after making any 24 consecutive, scheduled payments on time

How do I find out if I qualify?

Most college students will need a creditworthy co-borrower to qualify for a private loan. To find out more, call 800-314-0628 24/7 or go online.