Student Loans


Pay for College the Smart Way

The Smart Option Student Loan® by Sallie Mae®

For borrowers attending degree-granting institutions

Has your child recently made the important decision of where he or she is headed to college or graduate school? Your family is likely now facing a new challenge—finding the right way to pay for it. For college expenses not covered by scholarships and federal loans, Altier Credit Union has partnered with Sallie Mae to bring our members the Smart Option Student Loan, allowing families to design the private education loan that’s right for them. 

To encourage responsible borrowing, the Smart Option Student Loan offers the following benefits:

  • Competitive Rates: Access competitive variable and fixed interest rates.
  • No Origination Fees: Members benefit from no origination fees or prepayment penalties with the Smart Option Student Loan.
  • Choice and Flexibility: Multiple convenient repayment options are available for students and their families to choose the option that best meets their needs. Students are encouraged to make payments while in school to reduce finance charges and the amount owed, and more than half of customers choose this option.
  • Interest Rate Reduction: Members may be eligible for an interest rate reduction by enrolling in the automatic debit option. In addition, applying with a creditworthy cosigner could offer a better chance of approval and help lower your interest rate.

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Understanding Credit

Building and maintaining good credit is a lifelong financial skill.

A good credit score can make a big difference when you apply for a car loan, credit card, lease, mortgage, or even when you apply for a job. Student loans can have a positive impact on your credit score if you consistently make on-time payments. On the other hand, if you miss payments and fall behind, your actions can indicate that you're a higher risk and may lead to you getting a higher interest rate than someone with better credit. 

Understand credit reports

You are entitled to one free credit report each year from each of the three major credit bureaus —TransUnion®, Equifax®, and Experian®— that details your outstanding credit, payment history, and any public records about bankruptcy or delinquency. 

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Understand your FICO® Score

A FICO® Score is an overall indicator of your credit health. It summarizes information in your credit report into a single number that lenders can use to assess your credit risk quickly, consistently, objectively and fairly.


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