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You focus on school, we’ll help with the costs. Finance your tuition with the Smart Option Student Loan by Sallie Mae®.

  • Competitive financing for borrowers attending degree-granting institutions
  • Multiple in-school repayment options plus a choice of competitive fixed and variable interest rates that provide even more flexibility
  • No origination fees and no prepayment penalty
  • Rewards and interest rate reductions available
  • Rates that reward creditworthy borrowers
  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower rate
  • 100% US-based Student Loan Specialists 

It’s your student loan. You decide the repayment option that’s best for you!

  • The Deferred Repayment Option means you make no payments while you are in school, or you can pay as much as you are comfortable with before graduation.
  • The Fixed Repayment Option allows you to pay $25 per month while you are in school, saving an average of over 10% on your total undergraduate loan cost as compared to the deferred repayment option.
  • The Interest Repayment Option allows you to pay interest while in school, saving an average 20% on your total loan cost, as compared to the deferred repayment option
  • Sallie Mae Student Loans.

Visit the Sallie Mae website to get started!

Student Loan Process

Step 1

Start with FAFSA
Any and all needs-based financial aid starts with the Free Application for Federal Student Aid (FAFSA) application. With one form, you can apply for federal student aid, as well as financial aid through the schools you've applied to / have been accepted to.

Step 2

Financial Aid Package
Your selected college will use the information submitted on the FAFSA application to put together a financial aid package. Gift-aid awarded by the federal government or an individual's school, such as scholarships or grants, or money earned through work-study, do not need to be repaid.

Step 3

Federal Student Loans
When gift aid fails to cover the full cost of your education, you should consider apply for a federal student loan. For undergraduate students, two types of federal loans are offered: Stafford or Direct Loans, in which the Department of Education is the lender, and Perkins Loans, in which the school is the lender.

Step 4

Private Student Loans
If federal student loans still don't close the final gap in your college's cost of attendance, you can also utilize private loans. LRRCU partners with the Sallie Mae company to offer The Smart Option Student Loan.

Before You Apply…

Before applying for a student loan through LRRCU & Sallie Mae:

  • Fill out the Free Application for Federal Student Aid (FAFSA) to determine if you are eligible to receive grants and federal student loans.
  • Understand the terms of your loan payments. Compare what you expect to earn after graduation with what your monthly loan payments will be and determine if this is feasible.
  • Determine how much you are willing to borrow. Are there other ways to pay for a portion of your bill up front? Pay as much as you can now instead of large sum later.
We are compensated by Sallie Mae for the referral of Smart Option Student Loan customers.

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