With the recently enacted Health Care and Education Affordability Reconciliation Act of 2010 (H.R. 4872), the Federal Family Educational Loan (FFEL) Program has been eliminated. Private lenders, such as your Co-op Credit Union, no longer have a role in originating or funding federal Stafford, PLUS or Consolidation loans.
As a result, effective July 1, 2010, we are no longer accepting new applications for student loans through the Federal Family Educational Loan Program.
Although our credit union will no longer be funding federal student loans, we would like to continue assisting you in whatever way we can. Talk with one of our service reps about other financial aids available.