A Members Advantage Credit Union (MACU) home equity line of credit (HELOC) will allow you to send your child to college with freedom from financial stress. And, with no origination fees and rates as low as 1.99% APR*, you can save thousands on college tuition.

With convenient and easy access to your HELOC on the mobile app and online banking, you can borrow as much or as little as you need up to your pre-set limit.

Lower APR than a Parent PLUS loan
Unlike the Parent PLUS Loan with an APR of 7% and a 4.276% origination fee for the 2017-2018 school year, a MACU HELOC will give you financial flexibility with an APR as low as 1.99%*.

Easy access to funds
Conveniently access your funds with a MACU Visa card, transfer funds into your checking account or make a withdrawal at any MACU shared branch or ATM.

Tax-deductible interest payments
The interest you pay may be tax deductible, while other education loans are not.

Flexibility in how you spend your money
Schedule and make payments, see your line of credit activity, transfer funds and pay bills using MACU Online Bill Pay and the MACU app for your smartphone.

No closing costs**
MACU does not charge closing costs on HELOCs – just another way we help you save big!

You can also use your HELOC for more than just college expenses. Many homeowners use it to make home updates or to pay off credit cards, student loans and medical debt, all while enjoying a low 1.99% APR* interest rate. Celebrate your child’s milestone, and take the worry out of college financing.

*Based on personal credit history. Other restrictions may apply. All rates quoted are subject to change without notice. **On new HELOC limits of $10,000 or more.