When savings, scholarships, grants, and federal loans aren’t enough, private student loans offer maximum amounts that can cover the full cost of education minus other financial aid, as well as pay for incidental charges, such as books and living expenses.  

UMassFive is committed to meeting the financial needs of our student members and our members who are parents of college students. We are currently working with a leading national private student loan company to offer a Higher Education Loan Program to our members in the near future.  

Utilization of private student loans to fill the gap between the cost of education and federal and other financial aid has increased steadily in recent years as the cost of education has increased. Unfortunately there is a severe funding shortage for all types of student loans, especially private student loans, which has delayed the introduction of our program until 2009 because of this lack of adequate consistent funding.

We will continue to develop our student lending program and will work hard to provide student loans with reasonable rates and terms as soon as possible. 

For questions or assistance, please contact a Representative or email us today!