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COVID-19 Updates - Important information regarding branch & service availability, remote banking options, resources for financial hardship, and more: Click Here

UMassFive has been approved to be a lender of the SBA's Payroll Protection Program (PPP) as a part of the recently passed 2020 CARES Act, and will be eligible to process PPP loans through the SBA's loan delivery system as soon as this system is made available to us. Please email our Commercial Services Division for additional information.

Student

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We Can Help You Get to College.


But, we won't help you move in. 

At UMassFive, we want to help with your educational goals as economically as we can. That's why we encourage our members to explore all other avenues (grants, scholarships, and FSA) before they consider taking out a loan with us. If you wind up needing a private student loan, we are here to help. All of our student loans are approved using UMassFive underwriting criteria and are owned by us.

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Student Choice Student Loans

Made possible through our collaboration with Credit Union Student Choice.

  • Zero origination fees
  • Low variable and fixed rates
  • Flexible repayment & in-school deferment options
  • Must be 18 years of age at the time of application
  • Applicants must become members of UMassFive, Co-signers are not required.
  • May be used to finance MBAs and Masters of Accounting degrees through our Graduate Business Private Student Loan

Learn More

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CES Continuing Education Loans

Made possible through our collaboration with Collaborative for Educational Services (CES).

  • For students enrolled in CES Educator Licensure Programs throughout the Commonwealth
  • Students pursuing Masters degrees and certificates of advanced graduate study may also be eligible for funding

Learn More