Volunteer Corporate Credit Union
Nashville, Tennessee - Photo Courtesy of Barry Shulam
   Home ι Sitemap ι Contact
Music City, U.S.A.
January/February 2018 Issue: Front Page > VolCorp Spotlight
VolVoice


Service Spotlight
Financing an Education? Why Not Ask Sallie Mae?
Sallie Mae Student Loans Are your members working to send their kids to college? Are they finding fewer and fewer options available to pay for that education? Today many families are facing the challenge of how to pay for educational expenses and have limited knowledge of what financing options are available to them. Responsible borrowing typically includes researching grants and scholarships as well as considering personal savings and any income possibilities. However, once these options are exhausted, you may want to consider a private education loan from Sallie Mae.

Sallie Mae, a VolCorp partner, is the #1 company in the country providing financial resources helping students and their families pay for college. Sallie Mae is a publicly traded US corporation whose nature has changed dramatically since it was set up in 1973. At first, it was a government entity that serviced federal education loans. However, over the years it has transitioned into a private institution offering "private" student loans, K-12 education loans, college savings plans as well as a variety of college planning tools.

With total assets in excess of $13 billion and with over 40 years of experience helping families finance a college education, Sallie Mae is proud to have helped more than 30 million Americans save, plan and pay for college.

Due to the limited number of financing options that are available today, credit unions have an excellent opportunity to grab a greater share of the market. To this end, VolCorp, in partnership with Sallie Mae, is excited that we can continue to offer the "Smart Option Student Loan Program" to our members.

Benefits to Your Members:
  • Students can borrow up to 100% of the certified cost of attendance
  • A choice of "competitive" fixed or variable interest rates
  • No origination fee; no pre-payment penalty
  • Three simple repayment options
  • Easy application process

Benefits to Your Credit Union
  • No cost to the credit union to make student loans available to your membership
  • No risk to credit union – Sallie Mae underwrites, funds and services the loan
  • Generates fee income equal to 1% of the disbursed loan amount
  • Expands your credit union's product line while offering a high-value product
  • A creative way to market to the "Millennial Generation"
  • Free marketing materials annually (per branch)
  • Sallie Mae will "co-brand" credit union's landing page and promotional literature (at no cost)
  • Access to a customized marketing portal – order marketing materials / download reports
  • Easy program set-up -- only takes 10-14 business days

As you can readily see, the "Smart Option Student Loan Program" is an attractive private loan solution. Program implementation is easy and consists of three simple steps: sign an agreement, complete a 1-page questionnaire and provide us with your credit union's logo. VolCorp will take care of the rest! Within approximately 10-14 business days, Sallie Mae will send an ad tile and customized URL ready for placement on your website.

It's that easy and the best part... The Sallie Mae Student Loan Program removes all the risk and cost from the equation and gives your credit union the ability to earn fee income while helping your members meet their needs. People helping people... Isn't that what it's all about?!

If your credit union is interested in participating in the Smart Option Student Loan Program, please contact the Marketing Department at (800) 470-3444 or (615) 232-7900, extension 3 or email marketing@volcorp.org.

 Back to Front Page...

Your savings federally insured to at least $250,000
and backed by the full faith and credit of the United
States Government. National Credit Union Administration,
a U.S. Government Agency.

America's Credit Unions