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Make college a reality.

MECU offers private student loans that are designed to fit your individual needs. If you or another family member plans to attend college, MECU can help you with the funding you need to pursue your dreams.

Private Student Loan
Eligible Borrowers		MECU members 18 years or older with co-signer
Annual Borrowing Limits	Year 1	MECU members are limited to a total of $40,000 aggregate unsecured debit per state regulations.
	Year 2
	Year 3-5
	Grad
Aggregate Limits	Under- graduate	MECU members are limited to a total of $40,000 aggregate unsecured debit per state regulations.
	Graduate
Interest Rates (as low as displayed)		Variable
Borrower Fees		No origination fees
Disbursement		Loan proceeds are sent to the school, and the balance is sent to the student
Repayment		Repayment begins six months after the student drops below half-time status, leaves or graduates.
		Up to 20 year term. .25% discount for auto payments

Benefits delivered to you as an MECU member:

• Origination fees are paid by MECU.
• Reduced interest rate when you choose automatic payment.
• Deferred payment until graduation plus six months or the date you leave school plus six months.
• Credit history begins to build for the student.

Self-help and Resources				Calculators and Tools
	What loan options does MECU offer for educational expenses? Does MECU have a special credit card for college students?				Help me develop and fine tune savings plan for my children's educational expenses. Enhanced loan calculator.