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Important note: In the aftermath of Hurricane Helene, MIT FCU is here to help. If you have been affected by the storm and need support, please get in touch with Member Services at (781) 423-2022 or email us at info@mitfcu.mit.edu.

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Choose smarter Student Loans

Invest in your education with a Student Loan. We're here to help you reach your academic goals.

Apply now

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 Choice

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.

Resource hub

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.

Loan options

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.

Email or set up an appointment

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

Apply now

Paying bills online

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

Apply now

Unsecured Loan Rates
Effective Date: Thursday, October 3rd, 2024
ProductTermAPR1Estimated Monthly Payment per $1000Apply 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.

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.

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At credit unions, members are owners; we answer to them, not investors. Each member has equal ownership.

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Thanks to the CO-OP branch network, you can access over 30,000 fee-free ATMs and over 5,000 branch locations nationwide.

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Credit unions are not-for-profit cooperatives that give back to their members with great savings rates and lower loan rates.

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Throughout the history of U.S. credit unions, taxpayer funds have never been utilized to rescue a credit union.

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Credit union deposits are insured up to $250,000 by the National Credit Union Administration (NCUA), a federal government agency.

Financial Wellness

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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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What if my Credit Score is Zero?

Get on the path to good credit and the ability to successfully apply for loans or credit cards.

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Bank when and where you want.

With mobile and online banking, two convenient branches on campus, access to over 30,000 ATMs, and 5,000 branches nationwide.

Download our highly rated mobile app!4

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FAQs

FAQs - Student Loans