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Undergraduate Loan

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

College student studies after paying for college with an undergraduate loan

If you’re a student looking to pay for your undergraduate college expenses, it’s always good to research what’s available through Federal and State aid first, and then check for scholarship opportunities. Once you’ve determined what expenses you’re able to pay for, we can talk to you about helping to cover the rest.

The Smart Option Student Loan®by Sallie Mae®could help. Pay the smart way, with three repayment options, competitive interest rates, and options designed specifically for undergraduate students.

  • 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% U.S.-based Student Loan Specialists

To learn more about the Smart Option loan or apply:

Start the Application Process

Not sure how much you need?

Check out our helpful calculator.


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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. 


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. 

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.

*Federally insured by NCUA. Membership and credit requirements apply. Rates and terms determined by overall credit history and subject to change.