College Planning

Over the last few years, as college costs have increased dramatically, more and more we are hearing parents express concern over funding their child's college education—without sacrificing their retirement savings in the process. Currently, the cost of a college education is between $16,000 and $60,000 for one year per child.

The great news is that MHV offers a free web-based college planning service for members that can help you make smart, informed college planning and funding decisions and help you save money on your out-of-pocket college costs.

This online service is offered through our collaboration with Collegiate Funding Solutions (CFS). CFS is widely regarded as the premier provider of web-based college planning and funding solutions. By investing a few minutes, you can obtain your own custom college planning and funding report that can help you better prepare and pay for college whether your child is eight months or 18 years old and regardless of your level of income.

Ready to Get Started?
Visit Collegiate Funding Solutions and invest a few minutes in using this free service to take concrete steps toward helping your child pay for college.

Apply Now for the 2016 NYCUA College Scholarship Competition

The New York Credit Union Association (NYCUA) along with MHV is offering college-bound high school seniors the opportunity to compete for statewide college scholarships. Scholarships will be awarded in the amounts of $1,000 or $500 and may be used at a two- or four-year accredited educational institution.
Students can take advantage of this opportunity by completing three simple steps:
Step 1: Stop in at any MHV branch to request a scholarship application form or download it here. If the student is not a member of the MHV, he/she can request a membership packet as well. All scholarship applicants are required to be members of a participating New York credit union.
Step 2: Complete the application form, write an essay and obtain the required transcripts, along with the signature of a parent or guardian.
Step 3: Return the completed form to MHV no later than January 15, 2016.
There is no fee for submitting an application, but applicants MUST be:

  • members of MHV;
  • college-bound high school seniors at the time of application; and
  • attending either a two- or four-year accredited educational institution for the first time in the Fall of 2016.
In early spring, applications will be judged against other submissions statewide. Winner(s) will be announced in May.
For more information about this scholarship program, call us at 845.336.4444.
Click here to download the application

College EdXpress Newsletter Logo

If you're a parent with a college-bound high school junior or senior, our monthly e-newsletter is just right for you.

College Ed Xpress' audience is families that may be just beginning or are in the midst of the complex, confusing, stress-inducing and often-times bizarre college admissions and financial aid process.

It's the only college admissions and financial aid e-newsletter that delivers timely and actionable information based on the current month of the school year.

Subscribe now on the Collegiate Funding Solutions website and learn insider strategies and secrets for college admissions and financial aid to help you and your student achieve a better outcome.

View an example of the College Ed Xpress newsletter.

Interested in Investing to Save Money for School? The MHV Investment & Retirement Center can help you with the task of planning for your investment in your childrens future. Find out more.