A full service financial
cooperative proudly serving
Federal employees in Wisconsin

Federated Family Credit Union
Phone: (414) 278-7220 
Fax: (414) 278-0890

Branch Office
626 E. Wisconsin Ave., Ste 102
Milwaukee, WI

 How Students Apply for Federal Financial Aid

We believe there’s no better investment than education. If we can help you make an investment in your future – or your child’s – let us know. There is a wide variety of Student Loans for which you can apply.

Federated Family Credit Union's Lender number/Code is 832850.
Our complete Lender Name and Address is:
Federated Family Credit Union, 626 E. Wisconsin Ave. Milwaukee, WI 53202

Check out the Student Loan Quick Reference Guide (412 KB, PDF) for more information about the Federal Financial Aid process.

After selecting a school, a student must apply for admission and be accepted. If financial aid is needed, you can follow the process outlined below.

1. Complete the FAFSA. Complete the Free Application for Federal Student Aid (FAFSA) for each academic year in which you would like to receive federal aid. The FAFSA can be obtained from the local library, your high school guidance counselor, a college financial aid office, or by calling 1-800-4FEDAID. The FAFSA is also available from the Department of Education's website at  www.fafsa.ed.gov. To make it easier to complete online, print out the Web Pre-Application Worksheet. FAFSAs are accepted and processed after January 1 of the year in which you plan to attend school. Be sure to indicate that you want to be considered for a student loan by answering "yes" to that question on the FAFSA. [external link disclosure]
    

2. Receive your SAR. Once your FAFSA is processed, A Student Aid Report (SAR) is created. One copy is sent to you in the mail and electronic copies are sent to all the schools you listed on the FAFSA. If you filed a paper FAFSA, allow 6-8 weeks to receive your SAR. If you filed an electronic FAFSA over the internet, allow 1-2 weeks to receive your SAR.
    

3. Receive your Award Letter. The school(s) use data from your SAR to determine your financial aid award for the current academic year and sends you an award letter by email or US Mail. Pay particularly close attention to the type of federal loan(s) noted in your award letter. If there is mention of the William D. Ford Direct Lending Program, contact your school for the appropriate promissory note.
    

4. Complete the Federal Stafford Loan Master Promissory Note (MPN). When completing the MPN, be sure to write the name of your school (please do not abbreviate the name of the school, i.e., U of C), city and state, and school code (if known), in the upper right-hand corner of the MPN. After the MPN is completed entirely, make a copy for your records and mail the original to Federated Family Credit Union, 626 E. Wisconsin Ave., Ste 102, Milwaukee, WI 53202-4608. You are Done!
    

5. Your Credit Union will complete the application process for you! Once you have completed your MPN, FFCU will send the original note to the loan processor -- Great Lakes Educational Loan Services, Inc. The school you noted on your MPN will then be provided with a School Certification Form to complete and send back to the loan processor.  Once the loan is guaranteed, you will receive a disclosure outlining the amount of the loan, disbursement dates, and the interest rate. Prior to disbursement, you can inquire about your loan using the Answers Chart shown below.
    

6. PLUS Loan. If your financial aid award is not sufficient to cover your cost of education, your parents or stepparents can apply for a PLUS loan (if you are a dependent undergraduate student). Or if you are a professional or graduate student, you may be eligible to apply for a PLUS loan. See your credit union for more information and to request a PLUS Master Promissory Note.

Your School will Receive the Funds. Both Stafford and PLUS Loans are guaranteed and serviced by Great Lakes Educational Loan Services, Inc. (Great Lakes). When Great Lakes receives the Master Promissory Note from the credit union and School Certification Form from the school indicating the loan amount and disbursement dates, funds will be sent to the school. 
 

Answers to Student Loan Questions (Prior to Disbursement...)
Credit Union State Location:	Send Completed MPNs to:	For info on applications, approved loan amounts, and loan disbursements:
In Wisconsin and any other state not listed below	Great Lakes Educational Loan Services PO Box 7987 Madison, WI 53707-7987	1-800-236-6600
Ohio, Michigan & Kentucky	Great Lakes Educational Loan Services PO Box 182174 Columbus, OH 43218-2174	1-800-377-9095
AK, AZ, CA, CO, CT, DE, HI, ID, KS, ME, MN, MT, ND, NE, NH, NJ, NM, NV, NY, OK, OR, PA, RI, SD, TX, UT, WA, WY	Great Lakes Educational Loan Services, Inc. PO Box 64080 St. Paul, MN 55164-0080	1-800-366-0032
Access IBIS (Internet Borrower Inquiry Service). Go to www.mygreatlakes.com and click on "Borrower" then log in. New Users click on "Register" and follow the instructions. [external link disclosure] Access Your Loan Account Online. You can check the status of your loan, view your account information and make payments from your bank account 24/7 at www.mygreatlakes.com. After you log in, choose My Loans, then Internet Borrower Inquiry Service to get started. This site offers a variety of tools for calculating the cost of your loan. It's your resource to forms, a glossary of financial aid terms, contact information, and lots of other information to help you manage your loans. [external link disclosure]
To find out more, please call the FFCU Loan department at (414)-278-7220.

Check out these other links to find more scholarships that you may qualify for:

• www.fastweb.com [external link disclosure]
• www.scholarships.com [external link disclosure]
• www.finaid.org [external link disclosure]
• www.collegeplan.org [external link disclosure]

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