Loan Application for 2023–2024 Open as of February 1
Students and families who already know they will need supplemental funds to pay for college in the fall can begin applying for private loan funds now.
“There is a good chance that rates will increase by summer when many students and families typically apply for loans,” said MMCCU President David Murphy. “In a rising rate market, applying early may be to your benefit if you want to secure a fixed rate now before any increases take place and make borrowing more expensive.”
Since most colleges will not want loan funds disbursed until late summer or early fall, students and families can apply now for the amount they expect to need next fall. If the full amount is too much once college bills are due, the loan amount can be reduced or completely canceled at no cost and with no need to reapply.
To learn more about a student loan through MMCCU, click here.