EXTRA Education Loan

LGFCU and College Foundation of North Carolina (CFNC) have teamed up to offer the EXTRA Education Loan at a discounted rate to LGFCU members enrolled at least half-time in associate, undergraduate, or graduate degree programs at eligible 2-year or 4-year public or private nonprofit North Carolina colleges and universities that participate in the Federal Family Education Loan (FFEL) Program or the Federal Direct Loan (DL) Program.

This supplemental loan helps students pay for college if they still need money to cover the cost after applying for all available federal financial aid. The eligibility requirements for this loan include a good credit rating for either the borrower or a surety who agrees to apply with the borrower. LGFCU makes repayment of the loan more affordable to its members by offering a 1/2% discount on the interest rate.

An additional 1/2% discount when you elect to pay by automatic draft and to receive electronic statements
There are no origination, guarantee or repayment fees.
No payments are required while you are enrolled.
There is a six-month grace period before repayment starts.
Accrued, unpaid interest is capitalized at repayment.
Repayment periods range from 10 to 30 years based on the total amount borrowed.
Interest rate is variable for the life of the loan and is adjusted quarterly.

Apply Today
For interest rates, and free, comprehensive information on how to plan, apply and pay for college visit the College Foundation of North Carolina Web site or call toll free 1.866.866.CFNC.