With specific loan types for undergraduate and graduate students, you can find just the right loan for your journey, featuring:
1Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.
Sallie Mae® higher education loans are designed for the needs of undergraduate and graduate or trade school students. Both options include variable or fixed-rate loans with repayment terms of 10-15 years.
If you are entering or currently enrolled in an undergraduate associate or bachelor’s degree program at a degree-granting institution, choose this option. Smart Option Student Loan information is for undergraduates only.
If you are in a graduate or professional training program or enrolled in a non-degree-granting certificate or trade program, choose this option. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans.
These loans are made by Sallie Mae Bank or a lender partner. Scott Credit Union is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.
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., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and provide an unexpired government-issued photo ID to verify their identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
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.
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