Interstate CU Offers Sallie Mae Private Student Loans

Published April 15, 2013, 8:56 p.m. EDT

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Updated August 26, 2020, 10:22 p.m. EDT

1 Min Read

GESSUP, Ga. Interstate CU has partnered with Sallie Mae to offer a private student loan program, the Smart Option Student Loan.

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Designed to supplement federal student loans and other financial aid, the Smart Option Student Loan can enable students to cover up to 100% of their education expenses. Sallie Mae said the Smart Option Student Loan rewards responsible members with benefits such as an on-time payment reward and interest-rate discounts for automatic payments.

There are three in-school monthly repayment options. Depending on the option selected, the typical freshman reportedly can save an estimated 17% to 49% in interest charges and pay off the loan three to eight years faster after graduation, compared to a conventional payment-deferred loan with a 15-year term.

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