Search Results for: loan

If you’re feeling frustrated because you can’t seem to get approved for a debt consolidation loan, you are not alone. In fact, a 2023 survey found that nearly 45% of applicants were denied a debt consolidation loan. Many people face this challenge, so let’s unpack some of the common reasons why this might be happening (and what […]

The average American carries nearly $8,000 in credit card debt, according to data from The Federal Reserve and US Census Bureau. Dealing with debt can be overwhelming, but there are strategies to help you manage it more effectively. Two popular options are debt consolidation loans and balance transfers. Both can simplify your debt repayment process, but […]

If you’re looking to save money in 2025—and who isn’t?—refinancing your loans could be a smart option. Read on for a quick rundown of what refinancing means, who is eligible, and how it can help you save money over the long term. 

September 30, 2024 marks the official end of the Student Loan On-Ramp, a period in which student loan borrowers were protected against the more severe consequences of missed federal student loan payments. During the COVID pandemic, federal student loan payments and – crucially – interest charges were paused for nearly three years. When the pause ended, […]

One benefit of choosing a federal student loan is the 6 month grace period most students receive after they graduate, leave school, or drop below half-time enrollment. Payments are not required during the grace period, which allows you time to get financially settled and prepared for repayment. If your student loan grace period is coming […]

Payroll Transition Loan for Harvard Griffin GSAS! This program is designed in partnership with Harvard Griffin GSAS to provide a one-time short-term loan to PhD…
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A lot has changed for all of us since March 2020, not the least of which being our financial situations and goals. Some people are in a better spot financially than they were 3 ½ years ago, but many find themselves struggling more than ever before. Federal student loan payments resuming in October only adds to the […]

In March 2020, the federal government hit pause on federal student loan repayments. The loan payment pause was part of a wider package of relief efforts designed to support Americans who were impacted by the unprecedented effects of the COVID-19 pandemic—but as of September 2023, federal student loan payments are back.

Borrowers in America owe a combined $1.6 trillion in federal student loan debt, and it’s estimated that over half of all students borrow loans to help fund their education. While there have been various attempts to erase some student debt, it was announced earlier this summer that the student loan forgiveness plan won’t move forward.

In March 2020, the government hit pause on federal student loan repayment, placing loans in forbearance, and enabling borrowers to skip their payments with no late fees, additional interest, or negative effect on credit scores. The purpose of the student loan payment pause was to support Americans affected by the COVID-19 pandemic. Congress recently passed […]

Medical Professional Home Loan Program Harvard FCU’s Medical Professionals Home Loan offers low down payment options and flexibility with underwriting, including how we consider student…
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The Flex Graduate Loan is designed for students enrolled in a graduate degree program, and attending at least half-time at an eligible not-for-profit school. If…
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It’s hardly news to anyone that education comes with an expensive price tag. Case in point: the average public university student borrows $32,880 in order to attain a bachelor’s degree. Some students are currently managing multiple loans, and in this case it pays to ask the question: is loan consolidation a smart move? Our partners at GreenPath […]

Since March 2020, student loan payments have been on pause in order to give borrowers a little breathing room during the pandemic. However, the payment pause is expected to end sometime in 2023, and student loan payments will resume.

If you borrowed an Undergraduate Loan and enrolled in an Interest Only Repayment Plan, you may switch to the Deferred Repayment Plan at any point…
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Do you love your leased vehicle, but now it’s time to turn it in? Harvard FCU can help you stay in your car and buy…
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Calling all HUCTW members! HUCTW and Harvard Federal Credit Union have partnered to offer 0% interest loans to help members with rental and home ownership…
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After almost three years of the unknown, federal student loan borrowers learned their fate recently when President Biden made a final decision to erase $10,000 to $20,000 for borrowers who matched certain criteria. This past September’s ruling left many perplexed and filled with additional questions. To bring clarity and help borrowers sift through the unknown, […]

With so much information available, it can be overwhelming trying to find answers to our financial questions. That’s why we launched our Thrive Ask the Experts webinars where members can submit their questions to our in-house experts.

At HUECU, we want to empower our members through the power of financial education. We recently launched our Ask the Experts series, where HUECU staff answers your questions via Zoom on various financial topics.

Do you need to pay for college and are wondering about your options? You’ve probably heard about federal and private student loans—but what are they exactly and how do they differ? Federal student loans are offered through the U.S. Department of Education, whereas private student loans are primarily offered by credit unions, banks, state agencies, […]

At HUECU, we want to empower our members through the power of financial education. That’s why we recently launched our Ask the Experts series, where HUECU staff answers your questions via Zoom on a various financial topics. Our inaugural webinar focused on Student Loans; our two experts Mel Martinez, Loan Servicing & Support Supervisor, and […]

Consolidating debt can be a critical financial tool to reduce your loan or credit card payments, boost your credit score, and give you more money in the bank. Read on for an FAQ that outlines everything you need to know about debt consolidation loans.

Many people are looking for options to help manage rising prices and financial uncertainties.

In need of urgent money? Harvard FCU makes it simpler for you We have prepared a personal loan that covers one-time expenses right away. Are…
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This blog post was written by Student Advisory Council member, David Gonzalez

Whether you’re hoping to take a big vacation, consolidate high-interest debt or plan the wedding of your dreams, taking out a personal loan or a personal line of credit could be a good way to pay for it. While both are popular choices for borrowers who want to access funds without turning to a credit […]

A loan servicer is responsible for the administrative aspects of helping you to borrow and pay back a loan. The responsibilities of a loan servicer may include issuing monthly billing statements, collecting and processing loan payments, maintaining records, and being available to answer questions or assist with requests you have regarding your loan.

Your home is important. Let us help you find the right home loan to meet your needs.  Whether you're buying, refinancing, or tapping into your…
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Application Steps (For the Undergraduate Loan, Flex Graduate Loan & Parent Loan)1. Submit an Online Loan Application. When you submit your application, you will receive…
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Do you need additional funds for tuition? Our Undergraduate Loan is designed to help undergrad students pay for school, and offers both competitive rates, and…
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Savings is the superhero of budgets. We all know the benefits of saving and strive to save as much as possible. Spending and borrowing are often treated as the budget villains – but are they really? We all need to spend money to live, and how much we spend and what we spend our money […]

When it comes to borrowing money, one option is to reach for a credit card. However, there are many situations where a card just won’t cut it—like if you need to borrow above your credit card limit, or you’re concerned about variable interest rates, or you’d simply prefer an alternative way to cover a one-time […]

This blog post was written by Student Advisory Council member, Meadow Hall

Paying off student loans represents a significant financial obligation, leaving many to wonder – is it a bad idea to buy a house if you’re still paying off student loans?