Mid-Hudson Valley Federal Credit Union Helps Students Cover the High Costs of a Higher Education
Contact: Sarah Lipkin, Marketing Publicist, 845-336-4444 x3375, slipkin@MHVFCU.com
KINGSTON —Mid-Hudson Valley Federal Credit Union (MHV) is helping students and families manage the ever increasing costs of college tuition with a low-rate, private student loan solution. The MHV CU Student Choice Loan helps by funding the gaps that scholarships and federal funding leave behind. MHV is the exclusive provider of the CU Student Choice Loan in the tri-county area of Dutchess, Orange and Ulster counties.
“The cost of college education has risen dramatically over the last 20 years. This has led to an ever-increasing gap between what scholarships and federal loans cover and the actual cost of attendance,” said Robert Michaud, SVP & CMO of MHV. “It’s not uncommon for students to face funding gaps anywhere between $30,000 and $100,000 over four years of college.
Along with low rates, MHV’s CU Student Choice loan features zero origination fees and allows for payment to be fully deferred while in school. The loan also gives the student a full Line-of-Credit (LOC) which can be used over multiple years and flexible repayment options once graduated.
“It’s a very unique product that is structured as a line of credit, which allows students to make multiple draws over the course of their entire undergraduate career after completing just one simple application,” continued Robert Michaud, SVP & CMO of MHV. “Most importantly, we control the pricing and retain the ongoing relationship with our member.”
Applying for the MHV CU Student Choice Loan can be completed online on mhvfcu.com/studentlending. Student and parents can also access further information on MHV’s CU Student Choice Loan and Free College Planning Tools.
Mid-Hudson Valley Federal Credit Union is a member-owned credit union serving individuals and businesses throughout Ulster, Dutchess and Orange counties. Since 1963, MHV has helped to make our members’ lives easier by providing complete and convenient financial solutions. As a credit union strongly influenced by technology, member experience is driven by innovation, reliable service and easy access. MHV offers a complete array of personal and business banking solutions, low rate financing, 24/7 Personal Teller and convenient e-Services to our members. Please visit mhvfcu.com for more information.