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.
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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.
