Federal Student Loan Deferral Ends The U.S. Department of Education’s COVID-19 relief for student loans has ended. The 0% interest rate ended Sept. 1, 2023, and payments restarted in October. If your loans were eligible, the government automatically paused your loan payments and set your interest rate to 0% from March 13, 2020, until Sept....Read More
Hey everybody, this is David Murphy, President at the Marshfield Medical Center Credit Union, and welcome to “The Credit You Deserve” podcast. In this podcast, we will cover relevant topics that impact your personal finances. You will walk away better informed about the basics of personal finances with tips and recommendations you can incorporate into...Read More
Do you need help paying for college? Did you know that MMCCU partners with ISL Education Lending to offer student loan products with competitive lower interest rates to help you and your student navigate college costs? If you find that savings, earnings and other financial aid are not enough to cover the full cost of...Read More
Are you facing high interest rates on student loans with months (or years) to go before you have to start paying them back? You may wonder if there’s any way to refinance to a new lower rate now and still delay payments until after college. (Also, be sure to check out MMCCU’s Student Financial Resources...Read More
Student Loans Available Through MMCCU Partnership MMCCU works with ISL Education Lending to offer private loans to help you pay for college as well as refinance existing student loans. ISL Education Lending is a nonprofit organization with decades of student loan experience offering lower-priced loans.* “We wanted to provide our members with student loans resources...Read More
Student Loan Deferral Extended The Biden administration has again extended the payment pause for student loan borrowers, allowing borrowers an additional three months before they have to resume payments. Originally implemented in March 2020, the loan pause was scheduled to originally expire January 31. Now, the relief is extended until May 1. According to CNBC,...Read More
Starting October 1, college-bound high school seniors, college, and grad students could begin filling out the Free Application for Federal Student Aid (FAFSA). The FAFSA can translate into hundreds or even thousands of dollars that helps pay for college – through grants, work-study funds, federal student loans, and certain state-based aid. Here are 3 Steps...Read More
Starting October 1, college-bound high school seniors, college, and grad students can begin filling out the Free Application for Federal Student Aid (FAFSA). The FAFSA can translate into hundreds or even thousands of dollars that helps pay for college – through grants, work-study funds, federal student loans, and certain state-based aid. Here are 3 Steps...Read More
Recent college graduates face a lot of challenges when entering the workforce, including figuring out how they are going to get there. Fortunately, MMCCU can help graduates purchase a vehicle through the Career Builder Loan Program. This program helps a graduate get into a newer vehicle even when they have limited or no credit experience....Read More
Paying for college can be challenging, but the team at Marshfield Medical Center Credit Union is there to help. (Read some college savings tips HERE.) “Depending on the year in school, students are capped at how much they can borrow from the Federal Government for student loans,” said David Murphy, VP-Finance & Risk. “Private student...Read More
