Newsletter 2025 V2 Article - UMassFive is Here to Help Fill College Funding Gaps
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We know that college savings, scholarships, grants, and other aid are often not enough to pay for four years of tuition, room, board, books, and other expenses. Add in recent major changes to federal policy that directly impact funding and suddenly attaining your degree doesn’t feel like the same path that it used to. That’s where UMassFive comes in! As your local financial institution, we’re proud to have partnered with Credit Union Student Choice to offer an innovative line of credit model for private student loans that can withstand all of this uncertainty.
Here’s how a private student loan through UMassFive and CU Student Choice can help you stay on track with your college funding needs:
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- Flexible Funding. Even if you’re unsure of the college you’ll be attending or the exact loan amount you may need, you can establish your private education line of credit today. Then, when you’ve finalized the details, we’ll be ready when you are.
- Line of Credit Structure. By paying for college with our innovative line of credit, you can secure funding for your entire undergraduate career with just one application!** In future academic years, you’ll simply request funds from the line for the amount you need–no need to reapply.
- Personalized Support. We’ll connect you with a concierge team member who will be with you for every step of your application process. Plus, our experts provide free, one-on-one support via phone or email to answer any questions you may have about paying for college.
** Subject to annual review and credit qualification. Must meet school’s Satisfactory Academic Progress (SAP) requirements.