Student Loans

Encouraging Responsible Borrowing for tomorrow’s future.

Responsible Borrowing

We encourage students and families to supplement their savings by exploring grants, scholarships, federal and state student loans, and to consider the anticipated monthly payments on their total student loan debt and their expected future earnings before considering a private education loan.

It’s important to note that we don’t believe in taking advantage of people when they encounter a bump in their financial road. While other financial institutions impose “default rates” which may be a lot higher than our fee if a loan or credit payment is late, our rates do not change just because of a late payment. And our late payment charge is significantly lower than the big bank fees.

We work to make your lending experience as easy as possible.

Student Loans

The first step in the financial aid process is to complete and submit the free FAFSA application for Federal Student Aid.  This form is available at or by calling 800.433.3243.

If you need assistance you can go to Typically, this form needs to be filled out soon after Jan. 1 of your senior year of high school and before your college’s financial aid priority deadline.  Deadlines from state to state do vary.  FAFSA needs to be filled out every year you want to be considered for financial aid.

Irvin Tiller Memorial Scholarship

CFCCU is pleased to offer our members the opportunity to apply for one college scholarship. Two $1000 scholarships will be awarded. Students eligible to apply are currently high school seniors, first-year students in college, or second-year students in college.

Students enrolled in an accredited program in the 2024-25 academic year could earn a scholarship by successfully submitting their essays to Cedar Falls Community Credit Union.

Eligibility: Applicants must have a Cedar Falls Community Credit Union account established in their own name since Jan. 01, 2024, and must be a member in good standing. Cedar Falls Community Credit Union staff and directors and their immediate relatives are not eligible.


So, how do you apply?

Applicants must send their essay as one PDF attachment to [email protected] to be reviewed.

This year’s essay question: 

The Role of Credit Unions in Financial Well-Being: “Credit unions are known for their community-oriented approach to finance. Write an essay that explores the unique role of credit unions in promoting financial well-being among their members. Discuss the benefits of being a member of a credit union, such as lower fees and personalized services, and share your thoughts on how credit unions can further enhance the financial lives of their members.”

Applicants who prefer to turn in a hard copy of their application may submit it to Cedar Falls Community Credit Union’s Main Branch at 123 W. 4th Street in Cedar Falls. All entries must be received by April 5th, 2024.



The Iowa Credit Union Foundation’s (ICUF) 2024 Warren A. Morrow Memorial Scholarship application is now open to Iowa credit union members who are high school seniors or post-secondary students.

High School Scholarship – Designated for high school seniors planning to enter college in 2024.

Post-High School Scholarship – Designated for individuals entering or attending an accredited undergraduate, graduate, or vocational program in 2024.

Find additional information about the scholarship here.

Student Loan Partnerships

We work with Iowa Student Loan to offer supplemental private loans to help you pay for college as well as refinance existing student loan debt. As an Iowa non-profit and the state’s student loan experts, Iowa Student Loan offers competitively priced loans.

The Partnership Advance Education Loan (Partnership Loan) and College Family Loan were created to help you pay college costs while you or your student are in school.

  • The Partnership Loan is for students and their cosigners.
  • The College Family Loan is for parents, family members and others who wish to borrow on behalf of a student.

The Reset Refinance Loan can help you simplify repayment or pay lower interest costs on existing student loans after college.


With these loans, you know what you’re getting before you apply as all terms and conditions, including credit score requirements for specific rates, are provided upfront. In addition, there are no upfront origination fees and you can earn an interest rate reduction for making payments by auto-debit in repayment. Note: These loans are subject to credit approval.

About Iowa Student Loan
Iowa Student Loan was established in 1979 as a private, nonprofit corporation, and its mission is to help Iowa students and families obtain the resources necessary to succeed in postsecondary education.

*Cedar Falls Community Credit Union is compensated for the referral of Smart Option Student Loan customers and by Iowa Student Loan for the referral of student loan customers.


As students progress through high school, the pressure builds to help them discover a path for success after high school graduation. Is college, a certificate or a skilled trade right for your student? What should students do when, and what can parents do to help them with those tasks? How does all this affect family finances?

A new free service from Iowa Student Loan® can help parents with all these questions and more. By registering for the SP³ – Student Planning Pointers for Parents service, you will receive twice-monthly emails providing tools, tips and conversation starters for your students in eighth through 12th grades.

All information is based on grade level and is appropriate for the time of year. Written and compiled by the professionals at Iowa Student Loan, a non profit commited to helping families successfully pay for education after high school, the emailed information is designed to be simple but effective.

In addition, registered participants are entered into quarterly drawings for contributions to a College Savings Iowa 529 plan.

Interested parents can sign up here.

Apply for your CFCCU Account Today.