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Don't allow your student loans to take over your life.

Student Loan Refinancing

You’ve finally earned your degree and you’re ready to get your life started! The excitement of your accomplishment soon fades when you start calculating your total student loan debt. You owe more than you might make in the first several years of your career. Buying a car, renting an apartment or saving in general are all out of the question. What do you do?

Before student loans take over your life, take control of your debt and start saving. That’s right – you may be eligible to refinance your student loans (both federal and private) and lower your monthly payments with the Citizens Bank Education Refinance Loan®.

MTA members receive a special offer of up to $1,000 credit and up to 0.50 percentage points off the interest rate when they consolidate one or more student loans into a single low interest rate loan offering these benefits:

  • No application, origination or disbursement fees
  • Loan amounts available up to $350,000 depending upon your education level
  • Payments of principal and interest begin immediately with a choice of repayment terms that best suit your needs

Student Loan Borrowing

The excitement of college or grad school shouldn't be overshadowed by the impending student loan debt. Take control of your student loan debt—before you have it! Two options are available for MTA members:

The Citizens Bank Student Loan® enables student borrowers, usually with a qualified co-signer to secure funding through graduation with just one application. The Citizens Bank Student Loan® for Parents allows qualified parents to get a better rate than the Federal Direct PLUS loan. 

MTA members receive a special offer of up to $500 credit on a new loan and save up to 0.50 percentage points off the interest rate with a qualified Citizens account and automatic monthly payments deducted from a bank account.

  • No application, origination or disbursement fees
  • Flexible repayment options
  • Low interest rates

IMPORTANT NOTE: Before you take steps to refinance your student loans, MTA Benefits encourages you to take advantage of our Student Loan Counseling program to learn about all of your options regarding student loan repayment, including eligibility for loan forgiveness programs. 

To access the refinance or borrower applications, you must have an active account on our website. You will be required to log in when you click the link below.

Learn More

To qualify for the principal balance reduction, the borrower or co-signer (if applicable) must apply on or after 05/15/17, through the MTA Benefits dedicated website, be approved, and disburse a Citizens Bank Education Refinance Loan, Education Refinance Loan for Parents, Student Loan, or Student Loan for Parents through the employer’s dedicated Citizens Bank website. The principal balance reduction will be calculated as 1% of the amount financed with a maximum of $1,000 for the Education Refinance Loan and Education Refinance Loan for Parents and a minimum of $50/maximum of $500 for the Student Loan or Student Loan for Parents. The loan must be in good standing at the time the Principal Balance Reduction Benefit is applied. Only one Principal Balance Reduction Benefit is allowed per primary borrower for the Citizens Bank Education Refinance Loan and Education Refinance for Parents or per loan for the Citizens Bank Student Loan and Citizens Bank Student Loan for Parents. Principal reduction will be applied with an effective date equal to the loan’s first disbursement date. Principal reduction may take up to the second month following the loan’s final disbursement date to be applied and may be reduced if the loan amount is reduced or cancelled. The Principal Balance Reduction Benefit will be processed as a reduction of principal to the loan and will not impact the required monthly payment amount or the payment due date for the loan. The value of the Principal Balance Reduction Benefit may be reported to the IRS. You are solely responsible for any taxes that may be owed as a result of the principal balance reduction earned. Please consult your tax advisor. Citizens Bank, N.A. does not provide tax advice. Citizens Bank reserves the right to modify these terms or cancel this offer at any point in the future for new applications.

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