It’s graduation time! Are you or your child preparing for college in the Fall? With rising tuition costs, it’s getting tougher and tougher to pay for a good college education. Sure, you can get a Stafford loan – only through the government now due to new regulations – but sometimes that isn’t enough. So what do you do? That’s where a Private Student Loan can help.
MCCU has partnered with Sallie Mae® to offer the Smart Option Student Loan® to help our members – and you! – meet the rising cost of college while helping your student graduate with less debt and pay it off faster after graduation.
Sallie Mae® higher education loans are designed for the needs of undergraduates, graduate students, and parents.
- Competitive interest rates
- Multiple repayment options
- No origination fees; no prepayment penalty
Plus, MCCU members have access to a suite of graduate loans to pay for expenses included in your school's cost of attendance and designed for your specific degree.
Designed to supplement a student’s federal student loans and other financial aid, the MCCU Smart Option Student Loan® can help students cover up to 100% of their education expenses. The Smart Option Student Loan® features market-leading interest rates that reward responsible borrowers as they pursue their graduate or undergraduate degrees. Also available are benefits such as an on-time payment reward and interest rate discounts for enrolling to make automatic payments.
These private student loans can help bridge the college financing gap after exploring scholarships, grants and federal student loans. The loans can help you pay for necessary college expenses including tuition, room and board, books, and even a computer while building a credit history.
Since its founding over 40 years ago, Sallie Mae has helped more than 31 million people make the investment in a higher education.
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