EXTRA Education Loan
LGFCU and the College Foundation of North Carolina (CFNC) have teamed up to offer the EXTRA Education Loan at a discounted rate to LGFCU members in associate, undergraduate, graduate and postgraduate programs at eligible North Carolina colleges and universities.
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. LGFCU makes repayment of the loan more affordable to its members by offering a .5% discount on the interest rate.
To borrow an EXTRA Education Loan, you must have a North Carolina connection, meet certain loan eligibility requirements and attend a qualified college or university located in North Carolina.
EXTRA Education Loan features- .5% discount on the interest rate.
- An additional .5% discount for payroll deduction.
- 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 set based on the date the loan is made.
For more information on connection requirements, loan eligibility requirements, qualified institutions and CFNC:
- Visit CFNC to apply online or
- Visit with the financial aid officer at the school you wish to attend.
