The Sallie Mae Smart Option Student Loan Referral is a consumer loan that helps bridge the gap between the cost of attending college and a student’s other financial aid resources. It allows you to assist your customers without exposing you to credit risk, funding, disclosure requirements, liability and economic changes.
Through a link placed on your website, your customer has access to competitively priced student loans offered through industry leader Sallie Mae. In fact, the entire process is handled by Sallie Mae: application, disclosures, processing, loan decisions, funds disbursal, 24/7 online account management, call center services, lending services and billing/collection.
- A fully turnkey program to assist with the cost of tuition, books, housing and other related expenses
- Students may apply with a creditworthy cosigner to help qualify for a lower interest rate
- Your bank may receive a referral fee for each closed loan
Sallie Mae support:
- Easy online application with fast credit decisions
- Customer service and application support
- Marketing material for your in-branch campaign
For more information, contact your Correspondent Banker.