LOS ANGELES – Matadors Community CU signed with CampusDoor to offer the company’s CU Student HELP Smart Option Student Loan through Sallie Mae.
With the Smart Option Student Loan, students make payments while in school and graduate with less debt, the company said. With the loan’s shorter repayment period, a student can pay off the loan five to eight years faster after graduation, compared to a standard 15-year interest deferred private student loan.
The member may select either a fixed monthly in-school payment plan or opt to pay interest-only payments while in school. A typical freshman can save 30% to 50% on finance charges over the life of the loan, CampusDoor said.
