Private Student Loans

Student loan options

Student loans for all types of students.

Get the money you need for school.

We've partnered with Sallie Mae® to offer flexible loans designed to meet the needs of undergraduate, career training, and graduate students.

Features

  • Competitive variable and fixed interest rates
  • No origination fee or prepayment penalty*
  • Multiple repayment options

A variety of options from Sallie Mae

Undergraduate and Career Training Students

  • Smart Option Student Loan®

Graduate

  • Graduate School Loan
  • Masters of Business Administration (MBA) Loan
  • Medical School Loan
  • Dental School Loan
  • Graduate School Loan for Health Professions
  • Law School Loan

Sallie Mae's 1-2-3 Approach

Borrow responsibly

We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

These loans are made by Sallie Mae Bank. Lake Michigan Credit Union (LMCU) is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.

Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. Click here for additional eligibility information about each product.

*Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

©2026 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.