If You Need A Loan, We're Here To Help

Where to begin?

To start, we encourage you to work with your college financial aid office. They're the best source of information on available federal and state financial aid sources (including grants, loans, and other forms of financial aid) for which you may qualify.

Federal aid programs

Financial aid programs for students usually require completion of the Free Application for Federal Student Aid (FAFSA). You can complete this form online at https://studentaid.ed.gov. If you still need additional college financing after completing the FAFSA process, M1 offers financing options.


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The Smart Option Student Loan® from Michigan One and Sallie Mae®

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

Options Available

  • 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 

Find out which loan is right for you!


Additional financing options:

Home equity loan or personal loan

  • A home equity loan allows you to borrow money secured by the equity in your home to cover college tuition, and the interest may even be tax deductible.
  • A personal loan can also help with college expenses, just ask us how.

To see the benefits and for more information about these options, click here.

Contact Us or Schedule an Appointment


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. Michigan One Community 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 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.

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.

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.

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