The MIT Federal Credit Union reminds members that it offers its members a six-month, 6.5 percent loan to help them take greater advantage of any tuition assistance program for which they're eligible.
Members may apply for a Tuition Assistance Loan of up to $3,000 to bridge the gap between course enrollment, when full tuition payment is normally due, and course completion, when most tuition assistance programs provide reimbursement. No loan payments are due until the end of the six-month term, when full payment is due.
Members who are participants in any employer's tuition assistance program may apply for the Tuition Assistance Loan.
Credit Union membership is open to all MIT campus, Lincoln Lab, Draper Lab and Whitehead Institute employees and their families. Membership requires the purchase of just one $5 share. For details, contact the Credit Union's Loan Department atx3-0090, by e-mail at firstname.lastname@example.org or on line.
A version of this article appeared in MIT Tech Talk on January 26, 2000.