The Smart Option Student Loan® for Abri* by Sallie Mae®

For borrowers attending degree-granting institutions 


3 Steps to Keep it SimpleSmart Option Loan Features & Benefits

Now you can pay for college the smart way with three great repayment options, competitive rates, and no origination fee! The Smart Option Student Loan by Sallie Mae® is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans. Learn more & apply today


Together We Can Do This
Abri Credit Union is committed to helping people invest in higher education. That is why we have partnered* with Sallie Mae®. Together we offer a comprehensive suite of products and services to support your education finance needs. Sallie Mae® has helped more than 30 million Americans pay for college since 1972. They encourage students and families to supplement savings by exploring grants, scholarships and federal student loans before they consider a Sallie Mae private education loan®. Below is important information to guide you as you begin to explore your options to pay for college.
3 Steps to Keep Things Simple
Finding a way to pay for college and navigating financial aid can be a daunting process. That’s why Sallie Mae recommends a simple “1-2-3 approach” to help families pursue financing opportunities in the most economical order:
1)     Look for free money. Seek out funds that don’t have to be paid back. These funds come in the form of scholarships, grants, work-study and gift aid. Be sure to fill out the Free Application for Federal Student Aid (FAFSA) to see if you qualify for need-based federal grants. Sallie Mae's free Scholarship Search offers access to more than 3 million scholarships worth over $16 billion and is another way to find free money. You should also consider supplementing with your current income and money saved through a college savings plan, and explore an interest-free monthly payment plan.
2)     Consider federal loans. You may qualify for a federal loan with a fixed interest rate and flexible repayment options.
3)     Fill the gap with private education loans. Private student loans can help cover the rest of your college costs. Sallie Mae’s Smart Option Student Loan® encourages you to make small payments each month or pay your monthly interest while in school so you graduate with less debt, pay off your loan faster, and save significantly over the life of the loan, compared to conventional private loans. Securing a creditworthy cosigner may help you qualify or reduce your interest rate.

Important Things to Know About Paying for College
The Smart Option Student Loan Features & Benefits:


  • A choice of competitive rates for undergraduate students. Variable interest rates from 3.25% APR to 10.22% APR.1 We also offer fixed interest rates from 5.74% APR to 11.85% APR.1
  • Lower rates for graduate students. Variable interest rates from 3.25% APR to 8.21% APR.1 Fixed interest rates from 5.74% APR to 8.56% APR.1
  • No origination fees and no prepayment penalty.
  • Lower interest rate - Receive a 0.25 percentage point interest rate reduction while enrolled to make scheduled payments by automatic debit.2
  • Borrow up to 100% of your school-certified cost of attendance.3 
  • Cosigner Release Available. After graduation a borrower may apply for their cosigner to be released from the loan once they have made 12 consecutive, 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 only nationwide private student loan offering a Graduated Repayment Period feature6, providing budget flexibility for graduating students. Students who graduate and in their Sallie Mae loans in good standing can request to make 12 interest-only payments instead of full principal and interest payments after their separation period.7
  • A quick credit result - Applying online is fast and easy. It only takes about 15 minutes to apply and get a credit result.


Learn More & Apply Today!

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.

* 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.