Nickel Steel Federal Credit Union

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Which Loan Is Right For You?

Like you, Nickel Steel Federal Credit Union sees the value in a college education. That's why we offer Federal Stafford loans for students and Federal PLUS loans for parents and stepparents. Start the process early and be aware of specific deadlines and financial aid procedures for the school you or your child is attending.

Consolidate Your Student Loans With Us!

If you’ve obtained multiple loans from multiple lenders, you know how complicated it can be to pay back all those loans. We can help you lighten the burden of multiply payments and save you up to 50% of your monthly payment by consolidating all your loans into one Federal Consolidation Loan.

One monthly payment, one due date
Loan consolidation is free for members and is not offered at all financial institutions.
Repay the loan early without penalty
Interest may be tax deductible
Lock in one low interest rate.

Subsidized Stafford Student Loan

Available to students who demonstrate financial need
You'll pay NO INTEREST while in school
Enjoy a 6-month grace period before payments of principal and interest begin
Fixed rate. 6.80% (effective 07/01/2006).

Unsubsidized Stafford Student Loan

Available for all students, regardless of income
Enjoy a 6-month grace period before payments of principal and interest begin
Student is responsible for interest while in school
Fixed rate. 6.80% (effective 07/01/2006).

PLUS loans

Available to parents and stepparents of dependent students to cover remaining education costs
Take advantage of generous loan amounts that cover the cost of attendance (tuition, room and board, and books), minus any financial aid awarded to the student.
Enjoy a 60-day grace period, after disbursement, before payments begin

Fixed rate. 8.50% (effective 07/01/2006)

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NICKEL STEEL FEDERAL CREDIT UNION LENDER CODE IS 832168. YOU WILL NEED THIS NUMBER WHEN YOU FILL OUT YOUR APPLICATION. IF YOUR LOANS ARE NOT CURRENTLY WITH THE SAME LENDER, OR EVEN IF NONE ARE THROUGH NICKEL STEEL, YOU CAN STILL CONSOLIDATE WITH US!

For general information or other questions: nsfcu@earthlink.net