The Smart Option Student Loan® by Sallie Mae® About We are now able to offer you this great opportunity to help pay for your education. The Smart Option Student Loan® by Sallie Mae® allows you to choose your repayment plan, borrow up to 100% of your certified education expenses, earn rewards for making payments on time, decrease your interest rate, and the ease of applying online. Repayment Options We offer three repayment options, so you can find the one that fits your situation. ☺ Interest Repayment Option ☻ Make payments on your interest while you’re in school and for six months after graduation. Then use our shortened repayment schedule to save over 20%* on your total loan cost☺ Fixed Repayment Option ☻ Make fixed monthly payments during school and for six months after graduation. Then use our shortened repayment schedule to save over 10%* on your total loan cost☺ Deferred Repayment Option ☻ Defer payments until after graduation, or pay as much or as little as you want during school. This option provides the greatest flexibility.Other Information ☺ You can borrow up to 100% of your certified education expenses (minimum of $1,000.00). ☺ When you pay on time (while you’re in school) you can earn a 2% Smart Reward® in your Upromise® account with the interest repayment or fixed repayment options ☺ If you choose to enroll in automatic payments, you have the potential to decrease your interest rate by ¼ of a percentage point ☺ Apply online for maximum ease, it just takes 15minutes to apply and get a credit result!“Fine Print” ☺ Savings based on typical loan to freshmen borrowers attending a degree-granting institution ☺ The Deferred Repayment Option is only available for degree-granting institutions. Unpaid interest will capitalize when the loan enters principle and interest repayments ☺ Primary borrower can earn reward into his or her Upromise® account of 2% of the scheduled payment for each on time payment made during the in-school and separation period only while enrolled as a Upromise® member. Primary borrower must be age of majority (typically 18 years old). If borrower has two consecutive scheduled payments past due on a loan, he or she will no longer be eligible for the reward on that loan. The reward is not earned on payment amounts in excess of the scheduled payment. Benefit is subject to the terms and conditions of the Upromise® service (as may be amended from time to time), including without limitation, restrictions on conversion, transfer and redemption of rewards, reward denomination, including whether and under what circumstances the rewards have independent cash value, and terms relating to fees and/or the forfeiture of rewards. ☺ Recurring automatic monthly payments must be successfully deducted from designated bank account for rate reduction to apply. Benefits suspended during periods of forbearance and certain deferments. ☺ ELIGIBILITY: You must attend an eligible school and be enrolled in an eligible program. U.S. citizens enrolled in eligible study abroad programs or studying at medical schools outside the United States are also eligible. International students are eligible with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and appropriate U.S. Citizenship and Immigration Service documentation. You must meet current credit and other eligibility requirements. ☺ Sallie Mae® reserves the right to modify or discontinue products, services and benefits at any time without notice. Check the Sallie Mae® website (www.salliemae.com) to obtain the most up-to-date product information. ☺ The Sallie Mae logo, Sallie Mae, Sallie Mae Bank, Sallie Mae Smart Option Student Loan and Smart Reward are registered service marks of Sallie Mae, Inc. Upromise is a registered service mark of Upromise, Inc. SLM Corporation and its subsidiaries, including Sallie Mae, Inc. and Upromise, Inc. are not sponsored by or agencies of the United States of America. ☺ Sallie Mae Smart Option Student Loans are made by Sallie Mae Bank® ☺ For more details and restrictions, contact our office. |
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Credit Union members may be eligible to borrow up to $80,000 for 15 years using up to 80% of their accumulated home equity with a Home Equity Loan. 
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