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Student Loans from First Source in partnership with Sallie Mae®

For borrowers attending or borrowing for a student attending a degree-granting institution.

Education is important. It is a founding principal of our credit union. We can help you pay for college expenses not covered by scholarships and federal loans. These flexible loans are for borrowers attending, or those borrowing for a student attending, a degree-granting institution. Sallie Mae higher education loans are designed for the needs of undergraduates, gratuate students and parents.

  • Competitive interest rates

  • Multiple repayment options

  • No origination fees; no prepayment penalty1

It’s always good to research what’s available through Federal and State aid first, and check for scholarship opportunities. Once you’ve determined what you still need, we can help.

Young woman student studying at college with help of student loans

Undergraduate Students

Smart Option Student Loan® for First Source by Sallie Mae®

Pay for college the smart way with three great repayment options and competitive interest rates.

  • Multiple in-school repayment options plus competitive interest rates provide even more flexibility

  • No origination fee and no prepayment penalty

  • Benefits and an interest rate reduction available

  • Rates that reward creditworthy borrowers

  • Applying with a creditworthy cosigner may help you qualify

  • 100% US-based Student Loan Specialists

To learn more about the Smart Option loan or apply:

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Parents or Others Borrowing for Their Student

Parent Loansm for First Source by Sallie Mae®

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 including: 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.

  • Multiple in-school repayment options plus competitive interest rates provide even more flexibility 

  • No origination fee and no prepayment penalty 

  • Benefits including an interest rate reduction available 

  • 100% U.S.-based student loan specialists 

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 U.S. permanent resident aliens. 

Learn more about the Parent Loan or apply:

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Graduate Students

We understand that graduate studies are specialized and require different commitments to earn your degree. We are pleased to offer specialized loans to better reflect your specific program of study need.

Graduate School Loansm

Pay for expenses as you pursue your master’s and doctoral degrees


MBA Loansm

Pay for your business school expenses as you pursue your Masters of Business Administration degree 


Medical School Loansm

Pay for your medical degree expenses in allopathic, general, osteopathic, podiatric, radiology, sports, and veterinary medicine


Dental School Loansm

Pay for your dental degree expenses in general dentistry, endodontics, oral and maxillofacial surgery, orthodontics, pediatric dentistry, periodontics, and prosthodontics


Health Professionals Graduate Loansm

Pay for your health professions degree expenses in allied health, nursing, pharmacy, and other graduate-level health programs


Law School Loansm

Pay for your school and associated expenses as you study for your law degree


To learn more about all of your loan options or apply:

Get Started


Scholarship Search Tool

Along with Sallie Mae, we provide you with a nationwide scholarship search tool. In minutes, get matched with your best fit scholarships! To search our database of over 3.5 million scholarships worth more than $18 billion, complete the online profile form and find relevant scholarships with applications due dates ready for you.




Start the Application Process

Financing Options

You may qualify to finance education costs with a home equity. Make an appointment to learn your options today.

Make an Appointment

Not sure how much you need?

Check out our helpful calculator.


Student Loan Comparison Calculator

Borrow Responsibly 
We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan. 

These loans are made by Sallie Mae Bank or a lender partner. First Source FCU is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers. 

Smart Option Student Loan
® and Graduate Loan Products: This information is for students attending participating degree-granting schools. Smart Option Student Loan information is for undergraduates only. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans. Borrowers must be U.S. citizens or U.S. permanent residents if the school is located outside of the United States. Non-U.S. citizen borrowers who reside in the U.S. are eligible with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and are required to provide an unexpired government-issued photo ID to verify identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. 

Parent Loan
sm: This information is for borrowers with students attending participating degree-granting schools. The student is not eligible to be a borrower or cosigner. The borrower, cosigner and student must be U.S. citizens or U.S. permanent residents. The school may refund loan funds directly to the student, and if that occurs, borrower, and cosigner (if applicable) would still be responsible for repaying that amount. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. 

1 Although we do not charge you a penalty or fee if you prepay your loan, any prepayment will be applied as provided in your promissory note: First to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal. 

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. 

© 2019 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.