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Great news! Our Springfield Gardens branch is currently under renovations to provide our members with a better experience. We understand that during the renovation the service can be impacted and we truly appreciate your patience. However, you can also visit our St. Albans branch to help expedite the service while Springfield Gardens is under renovations. Thank you!

STUDENT LOANS

Student Loans Made for You!

Whether you are an undergraduate, graduate, or career training student, we can help you reach your education goals.
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You Choose Your Future—We Help Get You There.

If you aim to further your education and career, we have the loans to help you achieve your goals. Whether you are an undergraduate, career training, or graduate student, these flexible student loans are designed to meet your needs.

Features & Benefits

  • Competitive Variable and Fixed Interest Rates
  • No Origination Fee or Prepayment Penalty
  • Multiple Repayment Options

Get the Education You Need to Unlock Life’s Biggest Opportunities.

With lending options tailored to your personal educational goals, you can cover the expenses for pursuing a certificate, associate, or bachelor's degree at a degree-granting institution, as well as professional training and certification courses at non-degree-granting schools (such as technical or culinary schools). Additionally, you can finance your master's and doctoral degrees, including MBA, Medical School, Dental School, Law School, or other graduate programs.

See Which Loan Is Right For You

Borrow Responsibly

We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.
These loans are made by Sallie Mae Bank. Municipal Credit Union is a partner of Sallie Mae and not the creditor for these loans. As a partner, Municipal Credit Union is compensated by Sallie Mae for the referral of student loan customers.
 
Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. Click here for additional eligibility information about each product.
 
Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.
 
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.
 
© 2023 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.
FAQ

Get Answers to Our Frequently Asked Questions.

How do I know if I am eligible to open an MCU2 account?

The MCU2 Program is specifically designed for college students between the ages of 18-24 to establish healthy financial habits. If you fall into this category, you may be eligible for an MCU2 account.

If I am under 18, do I need a parent or guardian to sign up for me?

Yes, if you are under 18, you will need someone to sign up with you for a joint account. When you reach the legal age of 18, you can manage the account entirely on your own.

Do I need to open all these products? Or can I pick and choose?

The MCU2 Program offers products and services such as a checking and savings account, loans, MCU2 debit card, and more. However, it is up to you to decide which products fit you best—with no obligation to have them all.

I am a college student, but not in New York. Am I eligible?

Yes! Even if you don’t attend a college in New York, if you’re otherwise eligible for MCU membership, you can set up an MCU2 account and access it online at any time that works for you.
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