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 With
the recently enacted Health Care and Education Affordability Reconciliation
Act of 2010 (H.R. 4872), the Federal Family Educational Loan (FFEL) Program
has been eliminated. Private lenders, like Chicago Municipal Employees
Credit Union no longer have a role in originating or funding federal
Stafford, PLUS or Consolidation loans. Beginning July 1, 2010 all new
federal student loans will be issued via the William D. Ford Direct Loan
program. Contact your school's financial aid office for more information.
Effective June 1, 2010,
Chicago Municipal Employees Credit Union is no longer accepting new
applications for student loans through the Federal Family Educational Loan
Program.
For questions or service related to an existing Federal Family Educational
Loan secured through Chicago Municipal Employees Credit Union, contact our
chosen servicer, Great Lakes at 1-800-236-4300, or at
www.mygreatlakes.org.
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