Student Loans

As a member of T&C Federal Credit Union, you have the ability to apply for a student loan through the Michigan Higher Education Student Loan Authority (MHESLA) in cooperation with Nelnet.  The following is a brief description of each type of student loan you may be eligible for.

-Federal Stafford Loan – Federal Stafford loans are low-interest educational loans made to students.  These loans are insured by the Michigan Higher Education Assistance Authority-Michigan Guaranty Agency (MGA) and reinsured by the federal government.  If you are eligible for a Federal Stafford Loan, the money you receive must be used to finance your cost of education at an eligible postsecondary school.Your school’s financial aid office will determine your eligibility for a Stafford loan and other financial aid.

-Federal Plus Loan – Federal Plus loans are education loans made to parents.  These loans are insured by the Michigan Higher Education Assistance Authority-Michigan Guaranty Agency (MGA) and reinsured by the federal government.

Click here to see available information on our Teen Advantage website or call 1-888-643-7521 (1-888-MHESLA-1).