The MIT Employees' Federal Credit Union reminds members that it offers a 6.5 percent, six-month loan of up to $3,000 to help members take greater advantage of their tuition assistance benefit.
The loan bridges the gap between course enrollment (when full tuition payment is normally due) and course completion, when most tuition assistance plans provide reimbursement. No loan payments are due until the end of the six-month term, when full payment is due.
To be eligible for the loans, members may be participants in any em-ployer's tuition assistance plan.
Joining the credit union requires the purchase of just one $5 share. Contact the credit union's Loan Department at x3-0090 or mitfcu@mit.edu for information or an application.
A version of this article appeared in the April 14, 1999 issue of MIT Tech Talk (Volume 43, Number 26).
