FOR DEGREE-GRANTING INSTITUIONS
With the Smart Option Student Loan® you can pay for college the smart way! Offering great repayment options and competitive interest rates it is an ideal solution to help you pay for college expenses not covered by scholarships and federal student loans.
Enjoy competitive interest rates and no origination fees.1 We offer competitive fixed interest rates in addition to our low variable interest rates providing even more choice and flexibility.
Get the money you need for school
- Borrow up to 100 percent of your school-certified costs of education (minimum $1,000).
Pay now or later
- Defer your payments until after school or choose an in-school repayment option that fits your needs.1
A Cosigner can really pay off
- A cosigner can help you qualify.
Applying with a creditworthy cosigner — like a parent — can give you a better chance of approval or even help you get a lower interest rate.
- Easier cosigner release.
You can apply to release your cosigner after you graduate and make 12 consecutive, on-time principal and interest payments.2
Rewards for paying on time
- Get a Smart Reward® in your Upromise® account of 2 percent of your scheduled monthly payments that are made on time while in school (Not available with the Deferred Repayment Option).3
- Receive a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit.4
Features
- Easy online application with fast credit result and electronic signature ("eSign") available.
- 24/7 online account management.
- No prepayment penalty.
- Available for U.S. citizens enrolled in eligible study abroad programs or studying at medical schools outside the U.S.
- International students are eligible with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and applicable CIS documents.
Loan limits
- $1,000 minimum student loan amount.
- Borrow up to 100 percent of your school-certified costs of education (minimum $1,000).
Repayment
- Defer your payments until after school or choose an in-school repayment option that fits your needs.1
- Consider making principal and interest payments while in school to lower the amount you must pay back.
- Principal and interest payments begin following the six-month separation period.
- Unpaid interest will capitalize when your student loan enters principal and interest repayment.
- Prepay your loan at any time without penalty.
For additional information about student loans, please contact our education lending resource provider.
Student/Parent Loan Origination and Servicing Call Center:
1-800-858-7822
Available:
Monday - Thursday 8 a.m to 9 p.m. EST
Friday 8 a.m. to 8 p.m. EST
Contact for Regions Branch and School Personnel:
Trish Wallace, 1-850-248-9423
1,2,3,4,5 Visit www.Regions.com/studentloans for additional information. Regions Bank has selected SallieMae as our education loan provider. Terms, conditions and limitations apply.