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Student Loans

 

With college costs growing fast, it’s time to borrow smarter. M-C Federal Credit Union has partnered with Sallie Mae to bring you financing option when scholarships, federal loans, financial aid don’t cover all your expenses.

The Smart Option Student Loan offers these benefits:

  • A choice of competitive rates for undergraduate students
    •   Low, variable interest rates from 2.25% APR to 9.37% APR. We also offer fixed interest rates from 5.74% APR to 11.85% APR.1
  • Rewards for paying on time2
    • Get a Smart Reward® in your Upromise® account of 2% of your scheduled monthly in-school payments that are made on time while in school with the Interest and Fixed Repayment Options.
  • Lower your interest rate
    •  Receive a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit.
  • Get the money you need
    • Borrow up to 100% of your school-certified education costs (minimum $1,000).
  • Choose the repayment option thats best for you1
    • Deferred Repayment, Fixed Repayment, or Interest Repayment.

APPLYING ONLINE IS EASY–IT ONLY TAKES ABOUT 15 MINUTES TO APPLY AND GET A CREDIT RESULT.