REDDING, Calif. – Members 1st CU has partnered with Sallie Mae to offer its members private student loans through Sallie’s Smart Option Student Loan program.

Students pay interest while in school and graduate with less debt compared to other longer-term private loan alternatives in which no payments are made until after graduation.

With the loan’s shorter repayment period, a member can pay off the loan five to eight years faster after graduation, compared to a standard 15-year interest deferred private loan. The member may select either a $25 monthly in-school payment plan or opt to pay interest only while in school.


Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.