Student Loans with flexible repayment options
Fund your education with a loan or line of credit from MIT Federal Credit Union.
We're here to help you reach your academic goals
MIT Federal Credit Union understands how important an affordable education is. When scholarships, grants, and federal loans aren't enough, many students and families find themselves needing to fill the gaps.
That's why we've partnered with Student Choice to provide options for a private student loan, education line of credit, and refinancing. We're proud to offer competitive rates and personalized support that goes beyond the loan.
Explore our digital resource hub
We believe that the more you know, the smarter you borrow. Access our library of articles, informational guides, webinars, learning modules, and more. With topics ranging from college planning to negotiating for more financial aid, explore the latest in college financing news and stay informed.
Get expert, one-on-one support
You're not alone in your student loan journey. Our College Access and Repayment Counselors provide personal, one-on-one consultation via email or scheduled appointment. Parents, students, and college graduates can get answers on all their financial aid, repayment, or refinancing needs.
Private Student Loans to fill the gap
When scholarships, grants, and federal loans aren't enough, a private student loan can fill the gap. Unlike traditional lenders that focus on maximizing revenue, MIT FCU is a not-for-profit institution that prioritizes service, transparency, and long-term value.
Education Line of Credit for flexible funding
Our innovative education line of credit operates like a reuseable borrowing pool, enabling you to borrow what you need, when you need it. This tools allows you to avoid yearly application and overborrowing.
Student Loan Refinancing made simple
Depending on your goals, refinancing could help reduce the total amount of interest, lower monthly payments, or simplify your payments through consolidation. Refinancing can be smart particularly if interest rates have dropped or your credit score has improved.
Tuition Assistance Loan
Are you anticipating a reimbursement from your employer? A Tuition Assistance Loan lets you get the cash you need now, then pay it back when you get reimbursed.
- Loan amounts up to $12,500
- Single-payment loan with the full balance due at the end of the term
- Optional co-borrower/guarantor to assist
- No collateral needed
- No processing or service fees
Student Loan Refinancing
MIT Federal Credit Union 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.
| Product | Term | APR1 80 | Estimated Monthly Payment per $100080 | Apply Now |
|---|---|---|---|---|
| Personal Loan + Co-Application/Guarantor Loan | 12 Months | 8.50% | $87.21 | Apply now |
| 24 Months | 8.75% | $45.47 | Apply now | |
| 36 Months | 9.00% | $31.80 | Apply now | |
| 48 Months | 9.25% | $25.00 | Apply now | |
| 60 Months | 9.50% | $21.00 | Apply now | |
| Tuition Assistance Loan | 12 Months | 8.50% | $87.21 | Apply now |
| Overdraft Protection Line of Credit | Line of Credit | 10.00% | N/A | Apply now |
| Fuel Assistance Loan | 12 Months | 6.50% | $86.29 | Apply now |
| Express Loan | 12 Months | 17.75% | $91.56 | Apply now |
| Accessibility Lifestyle Loans | 12 Months | 8.00% | $86.99 | Apply now |
| 24 Months | 8.25% | $45.34 | Apply now | |
| 36 Months | 8.50% | $31.57 | Apply now | |
| 48 Months | 8.75% | $24.77 | Apply now | |
| 60 Months | 9.00% | $20.76 | Apply now | |
| Rental Assistance | 12 Months | 8.25% | $87.09 | Apply now |
| 24 Months | 8.50% | $45.45 | Apply now | |
| 36 Months | 8.75% | $31.68 | Apply now |
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 5,600 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
Our Financial Wellness Blog offers practical tips, insights, and guides to ensure you’re taken care of every step of the way. To us, financial wellness goes beyond the numbers. We provide the tools and knowledge to reduce stress, build confidence, and foster smarter financial decisions.
The Benefits of a Credit Union vs. Bank
The benefits of a credit union go beyond just financial perks—they also extend into community support and empowerment.
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The History of Credit Unions
Credit union history is still in the making. Become a part of it and benefit from our highly personalized service.
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Daily Habits That Lead to Long-Term Financial Wellness
The foundation for long-term financial wellness is built on small, consistent choices you make every day.
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