Paying for a College Education
Follow these easy steps to apply for Federal financial aid and student
loans at Minnesota Valley.
- Complete the FAFSA (Free Application for Federal Student Aid). The
FAFSA can be obtained from your high school guidance counselor,
college financial aid office, or at www.fafsa.ed.gov.
- Receive your Student Aid Report (SAR). Once the FAFSA is processed,
the SAR is created. Allow 2-6 weeks after completion of the FAFSA to
receive the SAR.
- Receive your Award Letter. The school(s) use data from your SAR to
determine your financial aid award and eligibility for student loans.
- Complete the Master Promissory Note (MPN). Turn in the Master
Promissory Note to the school or to
Minnesota Valley.
- If financial aid award & student loan funds are not sufficient
to cover all educational costs or you do not qualify for either
Stafford loan, your parents or guardian can apply for a Plus Loan
(if you are a dependent undergraduate student).
For more information about
Minnesota Valley Student Loans, please call (507)387-3055 or
(800)247-0522, or email loan@mnvalleyfcu.coop
with your questions.
Scholarships
Available
Minnesota
Valley is offering two $500 scholarships to a member or children,
grandchildren or dependent of the Minnesota Valley member who is planning
on attending a college, university, graduate or law school, 2 or 4 year
program, or community or technical college in the Fall of 2008. All
schools must be accredited by the U.S. Department of Education.
Applicants must complete an application form and submit a 500 word essay.
4APPLY
TODAY
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Resources
 www.FAFSA.ed.gov
View student aid and student loan information from the US Department of
Education.
Frequently
Asked Questions
Frequently
asked questions on student loans and financial aid.
High
School Planning Guide
Education
planning guide for parents and students.
www.mapping-your-future.org
Mapping
Your Future is a national collaborative, public-service organization of
the financial aid industry.
www.pin.ed.gov
Apply for PIN number to complete online FAFSA.
Great
Lakes Higher Education Corporation 
Great Lake Educational Loan Services Corporation is the guaranty agency
for your student loans. You can check the status of your student loans
here.
Need More Money for College?
The Parent Student
Education Line (PSEL) is available to undergraduate, graduate or
continuing education students and their parents.
The PSEL supplements your federal loans to help cover your
unexpected college costs such as tuition, housing, and books.
The PSEL provides a smart and easy solution to fill the gap
between the Federal Aid you receive and the money you need.
- Borrow up to $5,000 per year
- No origination, disbursement or early
payment penalties
- Interest only payments are required while in school
- Use it for housing, books, tuition and more
For more information about
Minnesota Valley Student Loans, please call (507)387-3055 or
(800)247-0522, or email loan@mnvalleyfcu.coop
with your questions.
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