Student Loans

While many banks and lenders have stopped offering private student loans to focus on bigger, more profitable loan types, you still can depend on Mountain America to help you pay for school.


Student Debt?  Don't Fret.

Let us help you simplify and reduce the burden of student debt. Typically, this is done by consolidating existing private student loan debt.* It’s simply a way to reduce the worry that may accompany student debt. With a Mountain America Education Repayment Loan, you'll benefit from:
  • Low, fixed-interest rate
  • No origination fees
  • No prepayment penalties
  • Maximum loan amount of $25,000
  • Fast processing
  • Loan terms up to 120 months (10 years) or 12 months per $1,000

Earning College Credits is Easier With a Student Line of Credit.

If you’re a student, you’ve learned one thing very well—the cost of college is not getting cheaper.  Just the opposite, in fact. 

Solution?  Mountain America's Education Line of Credit can help you pay for school expenses not covered by Federal Aid. It’s a private student loan that helps you finance your education if:
  • You do not qualify for Federal Aid.
  • Your school does not offer Federal Stafford Loans.
  • You are attending a trade or specialty school (Cosmetology, Aesthetician, etc.).
  • You are taking continuing education classes.
  • Your cost of attendance exceeds the amount of FAFSA.
  • You are taking certification courses (Truck Driving, Aviation, Helicopter, etc.).

What You Need to Know About Our Student Loans:

  • No origination fees.
  • No prepayment penalties.
  • Variable interest rate based on prime and your credit worthiness.
  • Maximum loan amount $25,000 ($40,000 for certain schools).
  • Loan amount is determined by the total cost of education, less any other financial aid received.
  • Interest-only payments while still in school.
  • Maximum, interest-only loan term of six years (72 months), converting to interest plus principal thereafter.
  • A cosigner is often required.
  • Must submit grades or a progress report to Mountain America every six months.
  • Converts to Education Repayment Loan six months after graduation, withdrawal from school or if grades haven't been received by MACU for six months.

We contact you within 48 hours of your application. Speed is our middle name.

You’ll have a credit decision within two business days.  However, to help us reach a decision, you must take the following steps prior to your loan being approved:
  • Submit a School Certification (completed by your Financial Aid Office).
  • Submit income verification (two check stubs or two years of tax returns if self-employed).
  • Two references.
  • Complete the online Student Loan Counseling through our partner BALANCE Financial Education and Counseling (click here).
  • Complete the Credit Matters and Money Management courses.
Once you have completed these steps, you simply sign your Approval Disclosure to accept the terms of your loan (you will have 30 days to do so).  After you have signed all loan documents, your funds will be disbursed to your school after three business days or the disbursement date set up by your school, whichever comes last.


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*Utah Higher Education Assistance Authority (UHEAA) and other Federal loans may not be refinanced.

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