MAFCU For Students

Financing Higher Education with Private Student Loans

Tuition shouldn't stand between you and a college education. Students and their families can turn to MAFCU for private student loans to help with college tuition and expenses.

While MAFCU and all private lenders no longer will be able to originate or fund federal student loans (which include Stafford, PLUS, Grad PLUS, and Consolidation loans) because the Federal Family Educational Loan Program (FFEL) has been eliminated as of July 1, 2010, MAFCU continues to be a resource for students and families. For questions about existing loans, contact loan servicer Great Lakes at 1-800-236-4300 or www.mygreatlakes.org.

To apply for a private student loan at MAFCU, click here.

Home and Family Finance Center for Students

Our Home and Family Finance Center is a great resource for students, families, and college-aged young adults to learn about important and timely financial information.  Find out about how new credit card rules will affect young people; how to prepare for life after college, or how a tax credit can help pay for college. 

You'll also find calculators, a glossary of financial definitions, articles, videos, and radio segments that can help you figure out your best financial options. 

Get More with a MAFCU Student Package

MAFCU’s Student Package lets students establish credit while giving them the tools to manage their finances responsibly. Students joining the Credit Union with the minimum $25 Share Savings deposit are eligible to receive the Student Package with free checking and a debit/ATM card,* and may qualify for a student Visa credit card.

“Many students become financially independent for the first time when they go to college and may need guidance in using credit wisely,” says Ann-Marie Gordon, MAFCU Vice President of Operations. “Our student Visa lets students build credit while learning to spend sensibly by providing reasonable credit limits, no annual fees, and a low fixed rate.” Just like MAFCU’s Visa Classic, the student Visa also includes such benefits as a 25-day grace period on purchases; cash anytime at ATM locations worldwide; auto rental insurance; travel protection; and concierge services during a hotel/motel stay.

Along with the MAFCU Student Package, the Credit Union has other convenient services for students, including student loans, 24-hour online banking, ATM accessibility (including an onsite ATM at the Massachusetts College of Pharmacy and Health Sciences) and great rates on savings programs. For more information, call MAFCU Member Services at 617-278-5600.

*Fees may apply at non-MAFCU ATMs.