Student Loans

REGIONAL partners with Sallie Mae to bring you the Smart Option Student Loan for both undergraduate and graduate-level study, with competitive interest rates, no origination fees or prepayment penalties, and multiple repayment options. Find out more at

Members with any Smart Option Student Loan Program challenges due to COVID-19, Sallie Mae will suspend payment for one month and keep the loan marked in good standing. Members may extend as many months as necessary simply by contacting Sallie Mae and requesting the extension. In addition, Sallie Mae will waive late fees and can modify the account terms, as warranted.

Sallie Mae private student loan members that have been impacted by the coronavirus, can chat with Sallie Mae representatives via or by calling 800/4-SALLIE (800-472-5543) during the following times:

  • Monday – Thursday: 7:00 a.m. to 8:00 p.m.
  • Friday: 7:00 a.m. to 7:00 p.m.
  • Saturday: 8:00 a.m. to 5:00 p.m.

Students can also access their accounts anytime, using or the Sallie Mae App to manage their accounts, view transactions, check balances, make payments, change passwords, and more.

Educator Loans

New Teacher Transition Loan

If you’re new to the teaching profession, or new to the local school district, a New Teacher Transition Loan from REGIONAL is designed to help you with the expenses that can occur with the change — classroom supplies, professional wardrobe, moving expenses, and more. REGIONAL has partnered with school districts in the area to provide this valuable benefit to our members beginning their careers in the education field.

  • Fixed 6.99% APR*
  • Guaranteed approval for at least $500
  • Borrow up to $3,500
  • Fast approval and turnaround
  • No prepayment penalties
  • FREE 24/7 online access to your accounts and easy payments with Online Banking and Mobile Banking
  • Required Checking account and Direct Deposit (minimum $1,000 per month for life of the loan)
  • Click here to see disclosures

Educator Development Loan

Once you’re established in your teaching career, other major expenses come up. Expenses like professional development, certification and re-certification, advanced training and degree work.

REGIONAL created the Educator Development Loan to help you fund the next steps, with a low interest rate that won’t increase—it’s fixed for the life of the loan! Use your Educator Development Loan to cover expenses like tuition and fees, books and software, or other needs.

  • Fixed 8.90% APR**
  • Maximum $5,000
  • Minimum $500
  • 24 month term
  • Fast approval and turnaround
  • No prepayment penalties
  • FREE 24/7 online access to your accounts
  • Easy online payments with Online Banking and Mobile Banking
  • Click here to see disclosures