Choose smarter Student Loans
Invest in your education with a Student Loan. We're here to help you reach your academic goals.
Invest in your education with a Student Loan. We're here to help you reach your academic goals.
MIT Federal Credit Union understands how important affordable education is. That's why we partnered with Student Choice to provide guidance and flexible solutions for your undergraduate education.
Student Loan Resource Hub
With information ranging from college planning to negotiating for more financial aid, our partner, Student Choice, is full of helpful information.
Apply now, borrow later
Determining your college funding needs may be a challenge. Even if you're unsure of the college you'll be attending or the loan you'll need, you can establish your private education line of credit today.
Personalized support
Our College Access and Repayment Counselor can provide personal, one-on-one consultation for all financial aid questions for parents, students, and college graduates entering loan repayment.
Don't let loan payments hold you back
- Apply once, then make multiple draws throughout your college career
- An Annual credit review is performed each May to authorize future draw requests
- Apply with a co-applicant/co-guarantor to improve chances of approval and possibly get a better rate
Tuition Assistance Loan
Are you anticipating a tuition reimbursement by your employer? A Tuition Assistance Loan lets you get the cash you need now to take the class, then pay it back when you get reimbursed.
- Loan amounts up to $25,000
- Repay within 12 months of reimbursement
- Optional co-borrower/guarantor to assist
- No collateral needed
- No processing or service fees
| Product | Term | APR1 | Estimated Monthly Payment per $1000 | Apply Now |
|---|---|---|---|---|
| Personal Loan + Co-Application/Guarantor Loan | 12 Months | 8.75% | $87.32 | Apply now |
| 24 Months | 9.00% | $45.68 | Apply now | |
| 36 Months | 9.25% | $31.91 | Apply now | |
| 48 Months | 9.50% | $25.12 | Apply now | |
| 60 Months | 10.00% | $21.25 | Apply now | |
| Tuition Assistance Loan | 12 Months | 8.75% | $87.32 | Apply now |
| Overdraft Protection Line of Credit | Line of Credit | 11.00% | N/A | Apply now |
| Fuel Assistance Loan | 12 Months | 6.50% | $86.29 | Apply now |
| Express Loan | 12 Months | 18.00% | $91.67 | Apply now |
| Accessibility Lifestyle Loans | 12 Months | 8.50% | $87.20 | Apply now |
| 24 Months | 8.75% | $45.57 | Apply now | |
| 36 Months | 9.00% | $31.80 | Apply now | |
| 48 Months | 9.25% | $25.00 | Apply now | |
| 60 Months | 9.75% | $21.23 | Apply now | |
| Rental Assistance | 12 Months | 8.50% | $87.20 | Apply now |
| 24 Months | 8.75% | $45.57 | Apply now | |
| 36 Months | 9.00% | $31.80 | Apply now |
Refinance your student loan
MIT FCU offers the option to refinance and consolidate your current private and federal student loans (including PLUS loans) into one manageable loan. You may find a better rate while consolidating your payments into one manageable loan.
The Credit Union Difference
We are not a bank, and that's an advantage for our members. As a credit union member, here's how you benefit.
At credit unions, members are owners; we answer to them, not investors. Each member has equal ownership.
Thanks to the CO-OP branch network, you can access over 30,000 fee-free ATMs and over 5,000 branch locations nationwide.
Credit unions are not-for-profit cooperatives that give back to their members with great savings rates and lower loan rates.
Throughout the history of U.S. credit unions, taxpayer funds have never been utilized to rescue a credit union.
Credit union deposits are insured up to $250,000 by the National Credit Union Administration (NCUA), a federal government agency.
Financial Wellness
Five Key Factors About Credit Cards
Before you apply for that card, get comfortable with the following key factors.
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Money Tips for College Students
If the thought of managing your money in college is stressing you out, dig into these tips for some help!
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FAQs
FAQs - Student Loans