Need help paying for school? We can help.
We've partnered with Sallie Mae® to offer private student loans for undergrad, graduate, and career training students.
Private student loans can pick up where other financial aid stops.
Start with savings, scholarships, grants, and FAFSA. If there's still a gap after federal aid, a private student loan may be a smart next step. We'll help you compare your options.
Flexible coverage
Cover up to 100% of school-certified costs1: Tuition, tech, eligible fees, and more.
Repayment options
Choose how you repay while in school. Competitive fixed or variable rates available.
Cosigner Support
A qualified cosigner may improve your approval odds.2
Why Sallie Mae? Here's why.
Sallie Mae brings serious student lending credentials: No origination fees, no prepayment penalty3, cosigner release after just 12 payments, and multiple in-school repayment options. In their 50+ years of experience supporting students, they've served over 1 million...and are just getting started.
What to know before you borrow
Borrowing for school is a big decision. These are the questions worth asking (and the answers worth having) before you apply.
Think of it like a bill your school totals up for you — tuition, fees, housing, technology, and other approved expenses. Whether you're looking for undergraduate student loans or graduate student loans, a private loan can cover what's left after your other aid is applied.
Through LMCU's Sallie Mae partnership, private loans for college students may cover up to 100% of school-certified costs for eligible undergraduate, career training, and graduate students. Specific loan limits may vary based on how the application is submitted and what the school certifies.
You have choices here, and that's the point. Borrowers can select from multiple in-school repayment options, including deferred repayment for those who'd rather focus on school first, along with competitive student loan rates on both fixed and variable terms.
Fixed student loan rates stay the same for the life of the loan. Variable rates may start lower but can change over time. The right choice depends on your budget now and your plans after graduation. There's no single right answer, which is why the flexibility matters.
A cosigner is usually a parent, guardian, or trusted adult who agrees to share responsibility for the student loan. When it comes to cosigner student loans, applying with a creditworthy cosigner may improve your chances of approval or help you qualify for better terms.
In some cases, a cosigner may be required. This includes students who are not U.S. citizens or permanent residents and who meet the stated residency and school attendance requirements. Before anyone signs on, it's worth making sure both borrower and cosigner understand what they're committing to.
Loans are subject to credit approval, identity verification, signed loan documents, and school certification. A few things to know going in:
- The student must attend a participating school.
- The requested loan amount must be at least $1,000.
- Students or cosigners must meet the age of majority in their state of residence.
Sallie Mae loans are made by Sallie Mae Bank.
College financing is a real financial commitment — one that follows you past graduation day. Before applying, it's worth thinking through your expected field of work, likely starting salary, and how monthly payments will fit into your budget once repayment begins.
Private education financing can be a useful tool. But it works best as part of a plan, not a last-minute fix. If you're not sure where to start, we're happy to talk it through with you.
Disclosures
Borrow responsibly. We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.
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.
LMCU is not the creditor for these loans and is compensated by Sallie Mae for the referral of Sallie Mae loan customers.
1For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website will be subject to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time.
2Based on a comparison of the percentage of students who were approved with a cosigner to the percentage of students who were approved without a cosigner from October 1, 2023 to September 30, 2024.
3Although 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.
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