Sallie Mae Student Loan Program

Through our partnership with Sallie Mae®, you can offer private student loans that help your members bridge the gap between federal aid and the full cost of education, while strengthening your role as a trusted financial partner.

This no-cost program allows your credit union to expand your product suite, deepen member relationships and generate fee income, without adding operational complexity.

Offer private student loans for:

Undergraduate students
Career training programs
Graduate and professional degrees

These solutions complement your existing products, like checking accounts, auto loans and digital banking, creating a more complete financial relationship.

Benefits to your credit union

Expand your product offerings without additional infrastructure
Attract and retain younger members early in their financial journey
Earn fee income from each originated loan
Strengthen long-term member relationships through education financing

Benefits to your members

Earn a 0.25 percentage point interest rate reduction when enrolled in and making monthly payments by auto debit.
Competitive fixed or variable interest rates.
After maximizing scholarships and federal loans, students and their families can borrow up to 100 percent of school-certified expenses - tuition, fees, books, housing, meals, travel and even a laptop.
Easy and fast online application and online 24/7 loan management.
Dedicated customer service and technical assistance centers available through Sallie Mae.
Three simple repayment options for undergraduate and graduate loans: make monthly interest payments while in school, pay a fixed amount each month while in school or defer payments until after school.

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Important Disclosure:

Borrow responsibly

We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan. Undergraduate and Graduate School loans are for students at participating degree-granting schools. Career training student loans are for students at participating non-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. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend a participating school in the U.S., and apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident). Applications are subject to a requested minimum loan amount of $1,000.

For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website will be subject to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time.
The borrower or cosigner must enroll in auto debit through Sallie Mae to receive a 0.25 percentage point interest rate reduction benefit. This benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment.
Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. Payments may be required during the grace/separation period depending on the repayment option selected. Variable rates may increase over the life of the loan.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

Sallie Mae loans are made by Sallie Mae Bank.

Information advertised valid as of 10/26/2025.

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.