How do these student loans work?
We offer student loans through our partner, Sallie Mae. You can apply online at our partner website. They also provide access to a
scholarship search tool.
Get the money you need to help make higher education happen!
Student loans in partnership with Sallie Mae® could help!
Whether you’re an undergraduate student, graduate student, or parent helping a student pay for school, these flexible loans are designed to meet your needs:
- Competitive variable and fixed interest rates
- No origination fee or prepayment penalty (See details below)
- Pick the repayment option that’s best for you
- Bonus: Access to Sallie Mae’s Scholarship Search tool, which boasts more than 3 million scholarship options.
Smart Option Student Loan® for Undergraduate Students
Pay for your bachelor’s, associate’s, or certificate expenses at a degree-granting school
Graduate School Loan
Pay for expenses as you pursue your master’s and doctoral degrees
- MBA Loan
Pay for your business school expenses as you pursue your Masters of Business Administration degree
- Medical School Loan
Pay for your medical degree expenses in allopathic, general, osteopathic, podiatric, radiology, sports, and veterinary medicine
- Dental School Loan
Pay for your dental degree expenses in general dentistry, endodontics, oral and maxillofacial surgery, orthodontics, pediatric dentistry, periodontics, and prosthodontics
- Graduate School Loan for Health Professions
Pay for your health professions degree expenses in allied health, nursing, pharmacy, and other graduate-level health programs
- Law School Loan
Pay for your school and associated expenses as you study for your law degree
Help your student by taking responsibility with a loan in your name
Student Loan Calculator
Loan Payment Calculator
Frequently Asked Questions
A variable interest rate means that the rate will change as market interest rates change. As a result, your payment amounts will vary as well.
A fixed interest rate means the rate will remain fixed for that loan's entire term, no matter what market interest rates do. This also means your payments will be the same over the entire term.
An origination fee is charged by a lender upon entering into a loan agreement to cover the cost of processing the loan. The Sallie Mae program does not charge origination fees for student loans.
Yes. In fact, if a parent or other creditworthy individual cosigns the loan with you, it may give you a better chance of approval.
No. In fact, we encourage you to explore other funding options first, and then use a student loan to pay the rest, if needed. Be sure to search out scholarship opportunities and grants, since you won't ever need to repay those. To get started, we recommend exploring Sallie Mae's college planning section. We also encourage you to apply for Life CU's own scholarship.
Applying online is easy—it only takes about 15 minutes to apply and get a credit result from Sallie Mae.Apply Now
We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.
These loans are made by Sallie Mae Bank or a lender partner. Life Credit Union is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.
Smart Option Student Loan and graduate loan products: This information is for students attending participating degree-granting schools. Smart Option Student Loan information is for undergraduates only. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans. Borrowers must be U.S. citizens or U.S. permanent residents if the school is located outside of the United States. Non-U.S. citizen borrowers who reside in the U.S. are eligible with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and are required to provide an unexpired government-issued photo ID to verify identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
Parent Loan: This information is for borrowers with students attending participating degree-granting schools. The
student is not eligible to be a borrower or cosigner. The borrower, cosigner and student must be U.S. citizens or
U.S. permanent residents. The school may refund loan funds directly to the student, and if that occurs, borrower,
and cosigner (if applicable) would still be responsible for repaying that amount. Applications are subject to a
requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
1 Although we do not charge you a penalty or fee if you prepay your loan, any prepayment will be applied as
provided in your promissory note: First to Unpaid Fees and costs, then to Unpaid Interest, and then to Current
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME
© 2019 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos
are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the
trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae
Bank, are not sponsored by or agencies of the United States of America.