Education Loans

A Better Way to Pay for College...

Paying for college is never easy. For a long time, many of our members have taken advantage of the value of their homes to obtain a low rate Home Equity Line of Credit as a solution to their tuition expenses. Although that remains a viable option for many, BFCU has also created an alternative solution through its College Tuition Loan. This loan offers long term fixed rate financing for qualified members who are faced with today’s rising tuition costs and may not have the necessary equity available in their home. This loan may be rewritten annually subject to maximum limitations.

College Tuition Loan

  •  Rates Effective 09-20-2017
Term Rate APR Payment Example per $1,000 Alert Me
10 Years 6.99% 6.99% $2.68/Week
Rate reflects .50% discount for automatic payments from your BFCU account.
Maximum borrowing amount is $40,000.
Maximum term is 10 years.
No pre-payment penalties.

This loan may be refinanced annually to properly meet your tuition needs.
Because this is an unsecured loan, certain underwriting restrictions may apply.

College Tuition Loan Payment Example

  •  
Amount Term APR Payment Amount # of Weekly Payments Total of Payments Alert Me
$30,000 10 Years 6.99% $80.16 520 $41,679.69

Boston Firefighters Credit Union has introduced a NEW alternative student loan program that helps students fill the funding gaps that federal aid can leave behind.

Unlike other alternative loan products, The Boston Firefighters Credit Union Student Choice private loan solution offers:

Significantly lower rates 
Zero origination fees 
Flexible repayment terms, including:

Full payment deferment 
Interest only 
Principal and Interest

To find out more about applying for a Boston Firefighters Credit Union Student Choice loan, visit www.bosfirecu.studentchoice.org

Or you can call Student Choice toll free at (866) 825-6587

This loan offers an alternative method of stretching tuition payments over the course of the school year at a relatively low cost.

High School/Elementary School Tuition Loan

  •  Rates Effective 09-20-2017
Term Rate APR Alert Me
1 year 6.99% 6.99%
Payments are approximately $20.01 per week per $1,000. Rate reflects .50% discount for automatic payments from your BFCU account. Maximum borrowing amount is $15,000. Maximum term is 1 year. No pre-payment penalties.

High School/Elementary School Tuition Loan Payment Example

  •  
Loan Amount Term APR Payment Amount # of Weekly Payments Total of Payments Alert Me
$10,000 1 year 6.99% $200.14 52 $10,406.83