Private Student Loans
The student loan process can be overwhelming. That's why Community Credit Union offers the Smart Option Student Loan. With three repayment options and competitive interest rates, you've got the choice to graduate with less loan debt or enjoy more flexibility while in school.
The 1-2-3 Approach to Paying for College
As your trusted Credit Union, we don't want you to pay more for college than you need to. Prior to seeking out Private Student Loans, ensure you have exhausted all of your other options:
- Maximize "free money" in the form of grants and scholarships
- Consider federal loans
- Fill any funding gaps with responsible private education loans such as the Smart Option Student Loan through SallieMae
APPLY TODAY by clicking here!
Advantages for Students & Families
The Smart Option Student Loan is the ideal solution for students and
their families who choose a private student loan to cover the cost of
attendance after they have maximized scholarships, grants and federal
student loans.
- Gets you the money you need
Borrow up to 100% of your school-certified education costs (minimum $1,000)
- Earn rewards for paying on time
Choose the interest or fixed repayment option and get a 2% Smart Reward in your Upromise account when you make scheduled monthly payments on time while in school.***
- Lower your interest rate
Enroll in automatic debit and reduce your interest rate by a 0.25 percentage point****
- Get a quick credit result
Applying online is fast and easy. It only takes about 15 minutes to apply and get a credit result
- Enjoy competitive interest rates and no origination fees*****
Maximum Flexibility with 3 Repayment Options
With 3 repayment options, borrowers have the choice to graduate with less loan debt, or enjoy more flexibility while in school.
- Interest Repayment Option
Pay interest while in school and for six months after school. Then take advantage of shorter repayment terms to save over 20% on the total loan cost compared to the deferred repayment option*
- Fixed Repayment Option
Make a low fixed monthly payment while in school and for six months after school. Then take advantage of shorter repayment terms to save over 10% on the total loan cost compared to the deferred repayment option*
- Deferred Repayment Option
No minimum payment is required while in school for students attending degree granting institutions, but you can pay any amount you want while in school to enjoy maximum flexibility**
APPLY TODAY by clicking here!
Community Credit Union is compensated by Sallie Mae for the referral of Smart Option Student Loan members.
*Savings based on typical loan to a freshman borrower attending a degree-granting institution
**The deferred repayment option is only available for degree-granting institutions. Unpaid interest will capitalize when your loan enters principal and interest repayment
***While a Upromise member, primary borrower (must be of age of majority - typically 18 years old) can earn reward into his or her Upromise account of 2% of the scheduled loan payment amount for each on time payment during the in-school and separation periods. After two consecutive past due payments, the loan is no longer eligible for the reward. Benefit 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 or rewards. Upromise accounts are not NCUA insured, carry no bank guarantee and may lose value.
****Recurring automatic monthly payment must be successfully deducted from designated bank account for rate reduction to apply. Benefit suspended during periods of forbearance and certain deferments.
*****Interest rates on loans with the Fixed and Deferred Repayment options are higher than rates on loans with the Interest Repayment option. Rates and fees shown are available for borrowers attending degree-granting institutions range up to 5%. Origination fees mean application or disbursement fees. Loan interest rates are variable and may increase after consummation.
SallieMae reserves the right to modify or discontinue products, services and benefits at any time without notice. Check the SallieMae website to obtain the most up-to-date product information. SallieMae Smart Option Student Loans are made by SallieMae Bank. | 
