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. CapEd 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 borrowers attending degree-granting institutions only. Smart Option Student Loan
information is for undergraduate borrowers only. You must be attending a participating school located in
the U.S. or have attended one during an eligible prior enrollment period. You must be a U.S. citizen or a
permanent resident or a Non-U.S. citizen borrower with a creditworthy cosigner (who must be a U.S. citizen
or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. U.S.
citizens and permanent residents enrolled in eligible study abroad programs or who are attending or have
attended schools located outside the U.S. are also eligible. For the Dental School Loan, Law School Loan,
MBA Loan, and Medical School Loan, students must be enrolling in a graduate-level degree program in a
field of study that is eligible for the loan and Graduate Certificate/Continuing Education coursework is
not eligible. 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 degree-granting institutions only. The student is not eligible to be a borrower or cosigner and
must be attending or have attended a participating school during an eligible prior enrollment period, or
be enrolled in an eligible study abroad program. The borrower, cosigner and student must be U.S. citizens
or 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 to Sallie Mae.
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 Principal.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT
ANY TIME WITHOUT NOTICE.
© 2018 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.