The Smart Option Student Loan® by MCTC SallieMae Student Loans for Minneapolis Community and Technical College Students in Minneapolis, MN FOR BORROWERS ATTENDING DEGREE-GRANTING INSTITUTIONS

Whether you’re an undergraduate, career training or graduate student get money for school from Sallie Mae® Student loans from Uloop in partnership with Sallie Mae® could help!


Sallie Mae® student loans are designed for the needs of all types of students.

  • Competitive interest rates
  • Multiple repayment options
  • No origination fees; no prepayment penalty1

Smart Option Student Loan® for undergraduate and career training students Plus, the graduate loan suite is designed to meet the needs of students in specific fields of study.


Find out which loan is right for you


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. Uloop is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.

Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. Click here for additional eligibility information about each product.

1 Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined 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.

© 2023 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.

MCTC Sallie Mae Student Loans

The SallieMae Smart Option Student Loan can be a beneficial option for MCTC students who need financial assistance to cover tuition costs and other educational expenses. Here are some ways in which this loan can help:

1. Flexible loan terms: The SallieMae Smart Option Student Loan allows borrowers to choose from a variety of repayment plans, including deferred, fixed, and interest-only options. This flexibility can make it easier for MCTC students to manage their loan payments and adjust their repayment strategy as their financial situation changes.

2. No origination or prepayment fees: Unlike some other student loan options, the SallieMae Smart Option Student Loan does not charge borrowers origination or prepayment fees. This means that students can borrow the amount they need without incurring extra costs, and can also pay off their loan faster without penalty.

3. Potential for lower interest rates: Depending on a student's credit profile and other factors, they may be able to secure a lower interest rate with the SallieMae Smart Option Student Loan compared to other private lenders. This can help reduce the overall cost of the loan and make it more affordable in the long run.

4. Support for continuing education: MCTC students who are pursuing additional degrees or career training may also benefit from the SallieMae Smart Option Student Loan. This loan can be used to cover a variety of educational expenses, including tuition, books, and living expenses, which can help students stay focused on their studies and achieve their goals.

Overall, the SallieMae Smart Option Student Loan can be a useful tool for MCTC students who need extra financial support to pursue their educational dreams. By providing flexible terms, low fees, and competitive interest rates, this loan can make it easier for students to achieve their goals and build a better future for themselves and their families.
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