With the recently enacted Health Care and Education Affordability Reconciliation Act of 2010 (HR 4872), the Federal Family Educational Loan (FFEL) Program has been eliminated. Private lenders, like RCU no longer have a role in originating or funding federal Stafford, PLUS, or Consolidation loans. Beginning July 1, 2010 all new federal student loans will be issued via the William D. Ford Direct Loan Program. Contact your school’s financial aid office for more information or we have provided some resources for you below:

Visit studentloans.gov for information about Stafford and PLUS loans.

Direct Loan Consolidation Program

Based on the above enacted changes, you now have the opportunity to consolidate all of your existing loans through the Federal Direct Loan Consolidation Program. For questions and to view the potential benefits of a Consolidation loan, please visit the goverment website.
Visit loanconsolidation.ed.gov website.

For questions or service related to an existing Federal Family Educational Loan secured through RCU, contact Great Lakes (our chosen servicer) at 1-800-236-4300.
Visit the Great Lakes website.