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  College Corner

 Preparing for College

The FAFSA (Free Application for Federal Student Aid) is the first step in applying for financial aid, student loans, work study, and most merit-based scholarships. All students, even those who think they won’t qualify for aid, should submit the FAFSA.


Federal Student Loans

You can designate Altra as your preferred student loan lender
no matter where you attend school. Simply list Altra Federal Credit Union as the Lender and 821375 as the Lender code
on your Student Loan Application.


Private Student Loans from CompleteEd™

Money for college can come in various forms: scholarships, grants, federal financing, and savings. Even with all of these funding options, it may not be enough. Fortunately, there is another option, CompleteEd™ private student loans.

Visit CompleteEd.com for more information and to apply online. If you're a credit union member, you will receive discounted rates (up to.50% APR discount for Altra members). Other benefits of the program include:

  • Competitive rates
  • Deferred payment until after graduation
  • Easy-to-use online information, calculators and other tool

Student Loan Consolidation

Whether you're repaying one student loan or several, Consolidation is available for Altra members with a minimum of $20,000 in outstanding student loans, even if your loans were made, held, or serviced by another financial institution (direct or private loans are not eligible for consolidation).

At this time, Great Lakes requires all interested borrowers to contact them directly at 1-800-950-0152 to receive loan counseling before completing the Consolidation Application and Promissory Note. You must list Altra's Consolidation Lender Code 871375 on your application to consolidate through Altra. For more information, please contact Altra's Student Loan Department.


Contact Information

• Altra Student Loan Department
800-755-0055 or student@altra.org

Mail your Master Prommissory Note (MPN), Federal PLUS and Consolidation Loan to:

Great Lakes Educational Loan Services, Inc.
P.O. Box 7858, Madison, WI  53707-7858
www.mygreatlakes.org

• Great Lakes Loan Services: 800-236-4300
• Alternative Loans: 866-3852-862
• Federal Consolidation: 800-950-0152