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PCU Student Loans
How to Obtain a Federal Student Loan Funded by Permaculture Credit Union
Permaculture Credit Union Lender Code: 834232
1. Complete a FAFSA
Before you begin applying for a Stafford and/or PLUS Loan, you must first complete the
Free Application for Federal Student Aid (FAFSA).
It must be completed for each academic year that you request federal aid. FAFSAs for the
upcoming academic year are available online on or
after January 2. Contact your school for their application deadline.
2. Receive your SAR
Once your FAFSA is processed, a Student Aid Report (SAR) is created. If you completed your
FAFSA online, allow 1-2 weeks for you and your school to receive the SAR electronically.
Paper FAFSAs take 6-8 weeks to process.
3. Receive your Award Letter
Your school(s) use data from your SAR to determine your financial aid award for the current
academic year and send you an award letter by e-mail or US Mail. (If your letter mentions
the William D. Ford Direct Lending Program, contact your school for the appropriate
promissory note.)
4. Complete a Stafford Master Promissory Note
Complete and print the Stafford Master Promissory
Note(MPN) and Addendum to Stafford MPN
to get your loan at Permaculture Credit Union. While you must complete the FASFA process
to apply for aid each academic year, this Master Promissory Note will be used by the credit
union to process all of your loans over multiple academic years at the same school. Be
sure to indicate your FULL school name (no abbreviations) and school code (if known), city
and state in the upper right-hand corner of the Master Promissory Note. Return it to
the address below so we can complete the processing for you.
Permaculture Credit Union
Attn: Student Loans
P.O. Box 29300
Santa Fe, NM 87592
5. If Needed, Complete a PLUS Master Promissory Note
Parents or graduate/professional students can complete and print the
PLUS Loan Master Promissory Note (MPN) and
Addendum to PLUS MPN. The Plus Loan Master
Promissory Note will be used for all of your loans over multiple academic years at the same
school. Be sure to indicate your child’s school name (no abbreviations) and school code
(if known), city and state in the upper right hand corner of the Master Promissory Note.
Return it to the address below so we can complete the processing for you.
Permaculture Credit Union
Attn: Student Loans
P.O. Box 29300
Santa Fe, NM 87592
6. Your School will Receive the Funds
Both Stafford and PLUS Loans are guaranteed and serviced by Great Lakes Educational Loan
Services, Inc. (Great Lakes). When Great Lakes receives the Master Promissory Note from
the credit union and School Certification Form from the school indicating the loan amount
and disbursement dates, funds will be sent to the school.
7. Access Your Loan Account Online
You can check the status of your loan, view your account information and make payments
from your bank account 24/7 at www.mygreatlakes.org.
After you log in, choose My Loans, then Internet Borrower Inquiry Service to get started.
This site offers a variety of tools for calculating the cost of your loan. It’s your
resource to forms, a glossary of financial aid terms, contact information, and lots of
other information to help you manage your loans.
8. Call These Toll-free Numbers for Loan Inquiries
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