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 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 your student debt.

Too many payments and too many loans can leave you feeling stretched thin once you graduate. Lighten your load by consolidating your private student loan debt* with a Mountain America education repayment loan. 

Check out these other features::
  • 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
A repayment loan helps you keep things simple: a low, fixed interest rate with no origination fees and no prepayment penalties. We can help with a loan for up to $25,000 and 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.).
Student loans like those from Mountain America Credit Union provide an easy way to pay for educational expenses not covered by federal aid, and to fill the gap between what you owe and what your financial aid covers. These loans are a great follow-up to first-line financial aid sources such as grants and Stafford or PLUS loans, all which are accessible through Free Application for Federal Student Aid (FAFSA). 

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.

At Mountain America Credit Union, speed is our middle name, and we keep the student loan process quick and simple. We'll contact you within 48 hours of your application, and 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: 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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Three Easy Ways to Apply.

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

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