View the video below to learn more about the Student Loan Process.
General guidelines when preparing to pay for college.
- Submit a FAFSA - 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 and Benefits
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.
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.
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