Education
Residency Loans
Are you ready to start your medical residency? If you need money for relocation or living expenses, Campus Federal can help.More Rates
Residency Loans
| Examples | 3-Year Residency | 5-Year Residency |
| Borrow up to: | $45,000 | $75,000 |
| Payments: | Payment due after residency ends | Interest-only payments start at the begninning of the fourth year |
| Advances: | $15,000 each year | $15,000 each year |
- Interest accrues over the life of the loan
- Principal advanced plus interest accrued is due on the last day of residency
- Maturity date of loan is last day of residency
- Payroll deduction, Bill Pay and transfer payment options available
- No prepayment penalty
APR=Annual Percentage Rate. APR is variable and may increase after consummation of loan. Residency Loan APR is indexed to Wall Street Journal Prime Rate (WSJP) with a floor of 5% and based on underwriting and credit qualifications. Membership and Credit Approval required.
- Loan Calculator
- Loan Payoff Calculator
Residency Loans Rates
| Term | APR As Low As | ||
|---|---|---|---|
| Term | Length of Residency | APR As Low As | WSJP + 1.0% |
APR=Annual Percentage Rate. APR is variable and may increase after consummation of loan. Residency Loan APR is indexed to Wall Street Journal Prime Rate (WSJP) with a floor of 5% and based on underwriting and credit qualifications. Membership and Credit Approval required. For example, a monthly payment for Residency Loan for $15,000 for 60 months at 9.25% APR could be as low as $313.20.
Continuing Education
A continuing education loan from Campus Federal allows you to concentrate on what's most important - your coursework.
- $500 minimum loan
- $15,000 maximum loan
- Fixed Rate
- Fixed principal and interest payments up to 48 months
- Payroll deduction, Bill Pay and transfer payment options available
- Payment protection insurance available
- No prepayment penalty
- Available to members enrolled in continuing education classes at Louisiana State University. All continuing education courses, as outlined in the Continuing Education catalogs for the following programs, qualify for this loan:
Note: This loan is not an alternative to student loans and student financing. BS and RN degree programs should be funded through student loans.
Offer is subject to credit approval. Membership eligibility requirements apply. For example, 10.65% APR equals an estimated $25.68 monthly payment for 48 months per $1,000 borrowed. APR=Annual Percentage Rate. APR will not increase after consummation of loan.
- Loan Calculator
- Loan Payoff Calculator
Continuing Education Rates
| Term | APR As Low As | ||
|---|---|---|---|
| Term | Up to 48 months | APR As Low As | 10.65% |
APR = Annual Percentage Rate. For example, a monthly payment for a Continuing Education loan for $1,000 for 48 months at 10.65% APR could be as low as $25.68.
Private Student Loans
Wherever you are in your higher education, get the money you need for school.
Whether you’re an undergraduate, graduate student, or parent, get money for school from Sallie Mae®.
Sallie Mae® higher education loans are designed for the needs of undergraduates, graduate students, and parents.
- Competitive interest rates
- Multiple repayment options
- No origination fees; no prepayment penalty1
Smart Option Student Loan® for Undergraduate Students, Parent Loan, plus, a suite of graduate loans to pay for expenses included in your school's cost of attendance and designed for your specific degree.
To learn more or to apply, please get started here.
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. Campus Federal 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 borrowers attending degree-granting institutions only. Smart Option Student Loan information is for undergraduate borrowers only. You must be attending a participating school located in the U.S. or have attended one during an eligible prior enrollment period. You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. U.S. citizens and permanent residents enrolled in eligible study abroad programs or who are attending or have attended schools located outside the U.S. are also eligible. For the Dental School Loan, Law School Loan, MBA Loan, and Medical School Loan, students must be enrolling in a graduate-level degree program in a field of study that is eligible for the loan and Graduate Certificate/Continuing Education coursework is not eligible. 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 degree-granting institutions only. The student is not eligible to be a borrower or cosigner and must be attending or have attended a participating school during an eligible prior enrollment period, or be enrolled in an eligible study abroad program. The borrower, cosigner and student must be U.S. citizens or 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 to Sallie Mae. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
1 Although 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.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.
© 2018 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.
Private Student Loans Rates
Residency Loans
| Examples | 3-Year Residency | 5-Year Residency |
| Borrow up to: | $45,000 | $75,000 |
| Payments: | Payment due after residency ends | Interest-only payments start at the begninning of the fourth year |
| Advances: | $15,000 each year | $15,000 each year |
- Interest accrues over the life of the loan
- Principal advanced plus interest accrued is due on the last day of residency
- Maturity date of loan is last day of residency
- Payroll deduction, Bill Pay and transfer payment options available
- No prepayment penalty
APR=Annual Percentage Rate. APR is variable and may increase after consummation of loan. Residency Loan APR is indexed to Wall Street Journal Prime Rate (WSJP) with a floor of 5% and based on underwriting and credit qualifications. Membership and Credit Approval required.
- Loan Calculator
- Loan Payoff Calculator
Residency Loans Rates
| Term | APR As Low As | ||
|---|---|---|---|
| Term | Length of Residency | APR As Low As | WSJP + 1.0% |
APR=Annual Percentage Rate. APR is variable and may increase after consummation of loan. Residency Loan APR is indexed to Wall Street Journal Prime Rate (WSJP) with a floor of 5% and based on underwriting and credit qualifications. Membership and Credit Approval required. For example, a monthly payment for Residency Loan for $15,000 for 60 months at 9.25% APR could be as low as $313.20.
Continuing Education
A continuing education loan from Campus Federal allows you to concentrate on what's most important - your coursework.
- $500 minimum loan
- $15,000 maximum loan
- Fixed Rate
- Fixed principal and interest payments up to 48 months
- Payroll deduction, Bill Pay and transfer payment options available
- Payment protection insurance available
- No prepayment penalty
- Available to members enrolled in continuing education classes at Louisiana State University. All continuing education courses, as outlined in the Continuing Education catalogs for the following programs, qualify for this loan:
Note: This loan is not an alternative to student loans and student financing. BS and RN degree programs should be funded through student loans.
Offer is subject to credit approval. Membership eligibility requirements apply. For example, 10.65% APR equals an estimated $25.68 monthly payment for 48 months per $1,000 borrowed. APR=Annual Percentage Rate. APR will not increase after consummation of loan.
- Loan Calculator
- Loan Payoff Calculator
Continuing Education Rates
| Term | APR As Low As | ||
|---|---|---|---|
| Term | Up to 48 months | APR As Low As | 10.65% |
APR = Annual Percentage Rate. For example, a monthly payment for a Continuing Education loan for $1,000 for 48 months at 10.65% APR could be as low as $25.68.
Private Student Loans
Wherever you are in your higher education, get the money you need for school.
Whether you’re an undergraduate, graduate student, or parent, get money for school from Sallie Mae®.
Sallie Mae® higher education loans are designed for the needs of undergraduates, graduate students, and parents.
- Competitive interest rates
- Multiple repayment options
- No origination fees; no prepayment penalty1
Smart Option Student Loan® for Undergraduate Students, Parent Loan, plus, a suite of graduate loans to pay for expenses included in your school's cost of attendance and designed for your specific degree.
To learn more or to apply, please get started here.
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. Campus Federal 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 borrowers attending degree-granting institutions only. Smart Option Student Loan information is for undergraduate borrowers only. You must be attending a participating school located in the U.S. or have attended one during an eligible prior enrollment period. You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. U.S. citizens and permanent residents enrolled in eligible study abroad programs or who are attending or have attended schools located outside the U.S. are also eligible. For the Dental School Loan, Law School Loan, MBA Loan, and Medical School Loan, students must be enrolling in a graduate-level degree program in a field of study that is eligible for the loan and Graduate Certificate/Continuing Education coursework is not eligible. 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 degree-granting institutions only. The student is not eligible to be a borrower or cosigner and must be attending or have attended a participating school during an eligible prior enrollment period, or be enrolled in an eligible study abroad program. The borrower, cosigner and student must be U.S. citizens or 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 to Sallie Mae. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
1 Although 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.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.
© 2018 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.