Private Student Loans
Now you can pay for college the smart way with great repayment options!
Together we can do this.
The Collegedale Credit Union Smart Option Student Loan® by Sallie Mae® is an ideal solution to help bridge that gap between federal loans and the cost of your education expenses.
To learn more or to apply, please
get started here.
The Smart Option Student Loan features and benefits:
- Competitive Interest Rates
- Borrow up to 100% of school certified education costs (minimum $1,000)
- Multiple in-school repayment options available
- Borrower benefits available – like rewards and interest rate reductions
- Rates that reward creditworthy borrowers
- Applying with a creditworthy cosigner may help you qualify and/or receive a lower rate
- Fast Online Application. Our easy-to-complete application takes about 20 minutes. It's quick and easy.
- 24/7 online account management
- No prepayment penalty.
To learn more or to apply, please
get started here.
IMPORTANT! Changes to the Federal Student Lending Process
With the recently enacted Health Care and Education Affordability Reconciliation Act of 2010 (HR 4872), the Federal Family Educational Loan (FFEL) Program has been eliminated. Private lenders, such as Collegedale Credit Union, no longer have a role in originating or funding federal Stafford, PLUS, or Consolidation loans.
Federal Direct Student Loans
Beginning July 1, 2010 all new federal student loans will be issued via the William D. Ford Direct Loan Program. The lender for your federal loans will be the U.S. Department of Education rather than your credit union or other financial institutions.
Stafford and PLUS Loans:
Visit the Department of Education website
http://www2.ed.gov/offices/OSFAP/DirectLoan/student.html for information about Federal Direct Stafford and PLUS loans. It is suggested that you stay in close contact with your school’s Financial Aid Office to apply and monitor application status.
Consolidation Loans:
You may have the opportunity to consolidate your existing loans through the Federal Direct Loan Consolidation Program. To view consolidation loan detail, visit the Department of Education
Consolidation Loan website http://www.loanconsolidation.ed.gov/.
Direct Lending Borrower Aids:
Although our credit union will no longer be funding federal student loans, we would like to continue assisting you in whatever way we can.
Below are resources to assist you through the Direct Loan process.
For Information on Existing Loans
For questions or service related to an existing Federal Family Educational Loan secured through our credit union, contact Great Lakes (our chosen servicer) at 1-800-236-4300 or access your account information online at
www.mygreatlakes.com
For questions regarding who holds or services your existing federal student loan(s), please access the
National Student Loan Database http://www.nslds.ed.gov/nslds_SA/, which is a Department of Education central database for student aid.
Manage your finances.
Collegedale Credit Union is committed to helping students learn to manage their finances. The regularly updated Personal Financial Management Resources provides information on anticipating college costs and staying in control of your finances while in school.
is required to view these files.
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Student Loans
