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Student Loans

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Student Loans

Whether you’re a student pursuing a degree or a parent providing financial support, the Smart Option Student Loan
through Wescom can help you achieve your educational goals.


Pay for College Expenses the Smart Way

As a Wescom member, The Smart Option Student Loan® by Sallie Mae® allows you to pay for college expenses not covered by scholarships and federal loans. With three great repayment options and competitive interest rates, you’ll be on your way to earning your degree.

Can We Help You Find Something?

Get the Most Out of Your Education

  • Multiple in-school repayment options
  • Competitive fixed and variable interest rates
  • No origination fee and no prepayment penalty
  • Interest rate reduction for auto pay
  • Applying with a creditworthy cosigner may help you qualify
  • Access to student loan specialists

The Wescom Private Student Loan

Exclusive to UCLA Students, the Wescom Private Student Loan as a line of credit is a flexible way to help bridge the gap between federal loans and the cost of your education.

Feature and Benefits:

  • Competitive fixed rate
  • Unique revolving line of credit
  • No origination fee
  • Interest rate reduction available when you enroll in auto debit
  • 15 year repayment term
  • Undergraduate and Graduate loan options
  • Co-signer option available to help you qualify

Get Started

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 or a lender partner. Wescom Credit Union is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.

Smart Option Student Loan and graduate loan products: This information is for students attending participating degree-granting schools. Smart Option Student Loan information is for undergraduates only. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans. Borrowers must be U.S. citizens or U.S. permanent residents if the school is located outside of the United States. Non-U.S. citizen borrowers who reside in the U.S. are eligible with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and are required to provide an unexpired government-issued photo ID to verify identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

Parent Loan: This information is for borrowers with students attending participating degree-granting schools. The student is not eligible to be a borrower or cosigner. The borrower, cosigner and student must be U.S. citizens or U.S. permanent residents. The school may refund loan funds directly to the student, and if that occurs, borrower, and cosigner (if applicable) would still be responsible for repaying that amount. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

1Although we do not charge you a penalty or fee if you prepay your loan, any prepayment will be applied as provided in your promissory note: First to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.

Wescom has partnered with CU Student Choice to provide the Private Student Loan Program. Wescom membership is required by depositing $1 in a Savings Account. All accounts, products and loans subject to approval. Conditions and restrictions apply. Ask for further details.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. © 2019 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.

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