September 28, 2012

LMCU now offers Smart Option student loans through Sallie Mae

Lake Michigan Credit Union has partnered with Sallie Mae to bring college students and their families an intelligent way to deal with the rising cost of higher education.

Smart Option Student Loans can cover up to the full cost of college (minus scholarships, grants and other financial aid). Students can opt for several in-school payment choices to help them graduate with less debt, and take advantage of reduced interest rate opportunities.

Why choose a Smart Option Student Loan?
  • Some of the lowest interest rates in the nation
  • Rewards for on-time payments and automatic payment plans
  • Fast online application
  • No prepayment penalty
  • No application or disbursement fees

LMCU is proud to offer this stellar loan program to its members and their families. For more information, visit Sallie Mae’s website at


Anonymous said...

My grand daughter is not a member of the cr union. does she have to be a member to participate in this program?

LMCU said...

No, she does not have to be a member.

Anonymous said...

I am currently in the grace period following graduation before I have to start paying my loans back. I plan to consolidate my loans to get 1 payment instead of 3. Can I refinance my federal loans at a lower interest rate through Sallie Mae or LMCU or is this solely for new college students looking to take out money?

LMCU said...

This program is for new student loans only.

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