Student and Other Loans

Student Loans

Before you Borrow…Don't forget our scholarship program!

Two Harbors Federal Credit Union is now taking applications for our 2017 scholarship, to be awarded Spring 2017 for use during the 2017-18 school year. Apply for one of four awards, each for $1,000. Two scholarships are available for high school seniors pursuing post-high school education. Two more scholarships are available for other students - those already in college/trade school, or those who are returning to school to further their education. Click here to complete and submit your application online.

Smart Option Student Loan®

Now you can pay for college the smart way. The flexibility of a Smart Option Student Loan is an ideal solution for students who still need financing after maximizing grants, scholarships, and federal student loans. The Smart Option is fully originated, disbursed and serviced by Sallie Mae®, our partner in offering better student loan options to members.
  • Competitive Interest Rates
  • 3 Repayment Options
  • No Origination Fees

Learn more about the Smart Option Student Loan.

Important! Change to the Federal Student Lending Process:

With the recently enacted Health Care and Education Affordability Reconciliation Act of 2010, the Federal Family Educational Loan (FFEL) Program has been eliminated. Private lenders such as THFCU, no longer have a role in originating or funding federal Stafford, PLUS or Consolidation Loans.

Federal Direct Student Loans

All new federal student loans will be issued via the William D. Ford Direct Loan Program. The lender for federal loans will be the U.S. Department of Education rather than Your Credit Union or other financial institutions.

Consolidations Loans

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

Direct Lending Borrowing Aids

Although THFCU will no longer be funding federal student loans, we would like to continue to assist you in whatever way we can. See one of our staff for more information on what financial aids we offer to students.

For Information on Existing Loans

For questions or services related to an existing FFEL secured through THFCU, contact us at (218) 834-2266.

For questions regarding who holds or services your existing federal student loan, please access the National Student Loan Database, a Department of Education central database for student aid.

Other Loans

Click here to view our current loan rates.

We provide financing to move you forward.

Everyone reaches a point where they need some extra cash to achieve specific goals. We'll save you time with our quick application process while saving you money with affordable rates. Then you can get the money you need for any purpose.

Line of Credit

Take advantage of a revolving loan plan which requires you to apply only once, yet take advances on your credit line as often as you need! Obtain advances up to your specified credit limit with a simple phone call or by using our automated services. Your funds can be transferred directly to your account - now that's convenience! Avoid bouncing that check or debit transaction with this handy line of credit designed to kick-in when you have exceeded the balance in your THFCU checking account.

Other personal loans

What are you looking for? If we haven't covered it in any of our other categories we can likely finance it with a personal loan such as; consumer goods, signature, share-secured, single payment loan, holiday cash and more. Contact us for all your consumer needs.
Student Loans
Hours & Location

Drive-Up:
Mon - Fri 7am to 6pm

Lobby Hours:
Mon & Fri 8am to 6pm
Tues, Wed, Thur 8am to 5pm

Located at:
801 11th Street
Two Harbors, MN 55616
218-834-2266


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