Minnesota Valley Credit Union

Student Loans

MVFCU Student Plus Loan

MVFCU wants to help finance your education.  Money for college can come in various forms: scholarships, grants, federal financing and savings.  Even with all these funding options, it may not be enough.  That's why MVFCU offers our Parent Student Education Loan. 

The MVFCU Student Plus Loan is and educational loan supplement to deferral financing for full-time, half-time, and part-time undergraduate and graduate students. The Student Plus Loan is available to students with a co-signer, unless the student qualifies on their own.   APPLY TODAY



  • Not need based-FAFSA recommended, but not required
  • Student must be enrolled and seeking a degree at an eligible school
  • Student must have a positive credit history established, an acceptable debt-to-income ratio, and a minimum income or a co-signer who does
  • MVFCU unsecured credit qualifications do not apply.


Loan Limits (per family)

  • $5,000 annual loan limit
  • $20,000 cumulative loan limit



  • No origination, guarantee, disbursement or repayment fees
  • Debtor must provide proof of enrollment in school


For more information about Minnesota Valley Student Loans, please call (507)387-3055 or email loan@mnvalleyfcu.coop with your questions.


The MVFCU Smart Option Student Loan® by Sallie Mae®

Now you can pay for college the smart way with three great repayment options and competitive interest rates! 

The MVFCU Smart Option Student Loan by Sallie Mae is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans. To learn more or to apply, please get started here.

The Smart Option Student  Loan features and benefits: 

  • We offer a choice of competitive fixed and variable interest rates providing even more choice and flexibility
  • No originations fees and no prepayment penalty
  • Multiple in-school repayment options available
  • Borrower benefits available-like rewards and interest rate reductions
  • Rates that reward credit worthy borrowers
  • Applying with a credit worthy cosigner may help you qualify and/or receive a lower rate.
  • 24/7 online account management

To learn more ot to apply, please get started here.

Paying for a College Education

Follow these easy steps to apply for Federal financial aid and student loans:

  1. Apply for Federal Direct Loans by filling of the Free Application for Federal Student Aid (FAFSA).  Most students use FAFSA on the web (www.fafsa.ed.gov) to complete their application.  Electronic filing is the most time efficient method, however, a hardcopy version of the FAFSA The FAFSA can be obtained from the local library,  your high school guidance counselor, college financial aid office, or by calling 800-4FEDAID.
  2. The information on your FAFSA is transmitted to the schools that you list on the FAFSA, and those schools use the information to assess your financial need for student aid.
  3. Your school will notify you of the loan amounts being offered in a award letter that lists all of your proposed financial aid awards.
  4. Work with the financial aid office at your school to access and complete the Federal Direct Loan Master Promissory Note (MPN).

  5. You will receive a disclosure statement that gives you specific information about any loans that the school plans to disburse under your MPN, including the loan amount, fees and the expected disbursement dates and amounts.

All questions regarding your Federal Direct Student Loan funding should be directed to the Financial Aid Office of your school.  Work closely with your school as you move through the financial aid process.  For more information, CLICK HERE to visit the Department of Education website.

Federal Application for Financial Aid

View student aid and student loan information from the US Department of Education.  VISIT FAFSA

Great Lakes Student Loan Services

For questions related to an existing Federal Family Educational Loan secured through the MVFCU, contact Great Lakes at 800-236-4300 or CLICK HERE.

Consolidation Loans

You may have the opportunity to consolidate your existing loans through the Federal Direct Loan Consolidation Program.  CLICK HERE visit the Department of Education website.