Central Willamette Community Credit Union logo CU Student HELP Smart Option Student Loan made by Sallie Mae
 
college students
 


With the CU Student HELP Smart Option Student Loan you can pay for college the smart way with three great repayment options and competitive interest rates!
Call 1-877-458-8285 or click the Apply Now button.

apply now for the CU Student HELP Smart Option Student Loan
 

The CU Student HELP Smart Option Student Loan® by Sallie Mae® is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans.

Loan Features and Benefits
  • Competitive interest rates — we offer variable and new fixed interest rate pricing.5
  • No origination fees and no prepayment penalty.
  • Pay now or later — defer your payments until after school or choose an in-school repayment option that fits your needs. 3
  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate. You can apply to release your cosigner after you graduate and make 12 consecutive on time principal and interest payments.4
  • Tuition Insurance Benefit – Covers up to $5,000 of tuition lost due to a covered withdrawal. Available at no cost with loans that first disburse July 1 through October 31, 2012. 6
  • Get a Smart Reward® in your Upromise® account of 2% of your scheduled monthly payments that are made on time while in school (Not available with the Deferred Repayment Option).7
  • Receive a 0.25 percentage point interest rate reduction while enrolled to make scheduled payments by automatic debit.8
  • It only takes about 15 minutes to apply and get a credit result.
  • Borrow up to 100% of your school certified education costs (minimum $1,000).
 

The information is for borrowers attending degree-granting institutions only. Eligibility requirements apply.

*We are compensated for the referral of Smart Option Student Loan customers.

(1) Savings based on a typical loan to freshman.

(2) This informational repayment example uses typical loan terms available to a freshman borrower who elects the Fixed Repayment Option and has a $10,000 loan with two disbursements and a 7.21% variable APR: 51 payments of $15 per month. 119 payments of $140.28 per month, and one payment of $114.17, for a total paid of $18,082.49. Variable rates may increase after consummation.

(3) Unpaid interest will capitalize.

(4) To qualify, borrower must be a U.S. citizen or permanent resident and meet the underwriting requirements when the release request is processed.

(5) Interest rates for the Fixed and Deferred Repayment Options are higher than for loans with the Interest Repayment Option. APRs for borrowers attending non-degree granting institutions range from 7.99% to 14.05% with an origination fee up to 5.00%. Origination fees mean application or disbursement fees. Variable rates may increase after consummation.

(6) The Tuition Insurance Benefit is tuition refund insurance that covers up to $2500 per semester ($5000 total per policy) and is available with Loans that first disburse between 7/1/12 and 10/31/12. Borrowers are automatically enrolled at the first loan disbursement. Benefit must be activated within four months of first disbursement to receive twelve months of coverage. To process the benefit your information will be shared with Sallie Mae Insurance Services®, their underwriters, and their providers. If the loan is cancelled, coverage terminates. Individuals may be enrolled in only one Tuition Insurance Benefit at a time. Benefit is offered through Sallie Mae Insurance Services, a service of Next Generation Insurance Group, LLC, a licensed insurance producer. For insurance licensing information, click here. Coverage is underwritten by Markel Insurance Company, Deerfield, IL; Administrative Office: Glen Allen, VA.

(7) Primary borrower can earn reward into his or her active Upromise account of 2% of the scheduled loan payment amount for each on time payment during the in school and separation periods. Loan payments must remain current to be eligible for the reward. Benefit and Upromise membership subject to the terms and conditions of the Upromise service, as may be amended from time to time. Upromise Accounts are not FDIC insured, carry no bank guarantee and may lose value.

(8) Recurring payment must be successfully deducted from designated account for rate reduction to apply. Benefit suspended during forbearances and deferments.

Information advertised valid as of April 25, 2012. Smart Option Student Loans are made by Sallie Mae Bank® or a lender partner.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION.

Terms and conditions apply to the Upromise service. Go to upromise.com to learn more. The Sallie Mae logo is a service mark of, and Sallie Mae, Sallie Mae Bank, Smart Reward, Smart Option Student Loan, and Sallie Mae Insurance Services are registered service marks of Sallie Mae, Inc. Upromise is a registered service mark of Upromise, Inc. SLM Corporation and its subsidiaries, including Sallie Mae, Inc. and Upromise, Inc., are not sponsored by or agencies of the United States of America. ©2012 Sallie Mae, Inc. All rights reserved. MKT5250 5/12