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Student Loans

IMCU has partnered with Sallie Mae® to assist students in paying for their education.

General guidelines when preparing to pay for college
  • Submit a FAFSA- if your school If your school requires it, you will need to submit the Free Application for Federal Student Aid on the U.S. Department of Educations website. You'll need to gather personal information, including IRS Tax Forms, before you start.
  • Use all federal loans, grants and scholarship aid first. Consider all the student financial aid options available to you: scholarships, grants and federal student loans. Be sure to utilize these before considering a private student loan.
  • Fill any gaps with responsible private student loans.
 The Smart Option Student Loan® for Indiana Members Credit Union by Sallie Mae®
For borrowers attending degree-granting institutions.
A choice of repayment options, competitive interest rates and no origination fee.  An ideal solution to help you pay for college expenses not covered by scholarships and federal loans.
Features & Benefits
  • A choice of competitive rates for undergraduate students- Variable interest rates. We also offer fixed interest rates.
  • Lower rates for graduate students- Variable interest rates. Fixed interest rates.
  • No origination fees- No origination fees and no prepayment penalties
  • Lower the interest rate- Receive a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit.²
  •  Borrow up to 100%- Borrow up to 100% of the school-certified cost of attendance.³
  •  Cosigner release available-  You may apply to release your cosigner from the loan after you graduate, make 12 on-time principal and interest payments and meet certain credit requirements.4
  •  Pay now or later- Defer your payments until after school or choose an in-school repayment option that fits your needs.¹
  • Graduated repayment period- The Smart Option Student Loan is the first nationwide private student loan offering a Graduated Repayment Period feature 5, providing budget flexibility for graduating students. Students who graduate and maintain their Sallie Mae loans in good standing, can request to make 12 interest-only payments instead of full principal and interest payments six months after school.6
  • A quick credit result- Applying online is fast and easy. It only takes about 15 minutes to apply and get a credit result.
The Parent Loan for IMCU by Sallie Mae®

For parents or loved ones with students attending degree-granting institutions.

With the loan in your name, you can give the gift of college to your student, while relieving them of the financial responsibility. Any creditworthy individual—parents, grandparents, aunts, uncles, spouses, and guardians—can help a student achieve their dream of college. The Parent Loan offers competitive interest rates and the flexibility of two repayment options. The loan can help your student pay for college expenses not covered by scholarships and federal loans. Note: Students aren't eligible to be a borrower or cosigner for the Sallie Mae Parent Loan. Borrowers, cosigners and students must be U.S. citizens or permanent residents.
Features & Benefits
  • Variable or fixed rate to choose from
  • No origination fee and no prepayment penalty
  • Benefits and an interest rate reduction available
  • Eligibility to receive a free quarterly FICO® credit score
  • 100% U.S. based student loan specialists

Responsible Borrowing

We encourage students and families to supplement their savings by exploring grants, scholarships, federal and state student loans, and to consider the anticipated monthly payments on their total student loan debt and their expected future earnings before considering a private education loan.
 If you have further questions, please call 1.855.455.6977.
*The Sallie Mae partner referenced is not the creditor for these loans and is compensated by Sallie Mae for the referral of Smart Option Student Loan customers. 1,2,3,4,5,6-Click here for important information. Terms, conditions and limitations apply. MKT12656 0617
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This is your future. 

Start off on the right foot.