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Student Loans

Get the funds you need for college with our Sallie Mae Smart Option Student Loan.

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If you have college expenses that aren’t covered by scholarships and federal loans, we’ve got an option for you. Peninsula has partnered with Sallie Mae® to bring you a student loan with flexible repayment options and competitive interest rates.

The Smart Option Student Loan offers flexibility and competitive rates.

Flexible repayment options

Deferred, Fixed or Interest Repayment Options available.

Competitive rates for undergraduates

Choose between variable and fixed interest rates.

Lower your interest rate

Reduce your rate by .25% for making payment by automatic debit.

Borrow the amount you need

Borrow up to 100% of school-certified cost of attendance.

Helpful Details

Please borrow responsibly
Figuring out how to pay for college can be a real challenge, and Peninsula wants to help you borrow money responsibly. You have several options when it comes to funding higher education, and we suggest you estimate your future monthly loan payments and how much your student anticipates earning in the future before considering a private student loan.

We encourage students and families to explore scholarships and grants first, which cost you nothing and don’t need to be repaid. Federal student loans are your next step, as they generally offer low interest rates. Private student loans, such as the loans we offer, are best for filling in the funding gaps left behind after other sources of aid have been exhausted.

Students once approved, you will receive 120 minutes of live online tutoring through Chegg tutors.

Learn which loan is right for you


Smart Option Student Loan® for Undergraduate Students
Pay for your bachelor’s, associate’s, or certificate expenses at a degree-granting school


Graduate School Loan
Pay for expenses as you pursue your master’s and doctoral degrees

MBA Loan

Pay for your business school expenses as you pursue your Masters of Business Administration

Medical School Loan

Pay for your medical degree expenses in allopathic, general, osteopathic, podiatric, radiology,
sports, and veterinary medicine

Dental School Loan

Pay for your dental degree expenses in general dentistry, endodontics, oral and maxillofacial
surgery, orthodontics, pediatric dentistry, periodontics, and prosthodontics

Health Professions Graduate Loan

Pay for your health professions degree expenses in allied health, nursing, pharmacy, and other
graduate-level health programs

Law School Loan

Pay for your school and associated expenses as you study for your law degree

Parent Loan

Help your student by taking responsibility with a loan in your name


Education is Important

“Education is important and when I got to a point in my life when I had time to return to school I went to Peninsula Credit Union first to see if they could help. And they did! ”

FAQs and Tips

You can borrow up to 100% of school certified education costs (minimum $1,000).

You will have access to your online account management 24 hours a day, 7 days a week.

Quick Tip

Keep your contact info up-to-date

Keep your contact information current throughout college and afterwards. As you apply for loans, go to school, and eventually graduate, you may move several times. By keeping your information current you won’t miss anything important that you may need to know about.


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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. Peninsula Community Federal 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.

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.


© 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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