Yes, generally, they are. Each lender, however, has different eligibility requirements. Michigan First Credit Union, for instance, requires applicants to be continually enrolled in a degree-granting program and meet the school’s minimum Satisfactory Academic Progress criteria to be eligible, and they have to be enrolled at least half-time for fall and spring terms. For more information, you can call customer service at 877-223-3226. Furthermore, you can monitor your credit score and report by signing up for a free WalletHub account.
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