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 salliemae.com.

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 SallieMae.com 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 using SallieMae.com 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. Call 1-800-762-7419 for full details.

  • 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)

*APR=Annual Percentage Rate. Restrictions apply. Proof of employment is required. Setup of direct deposit or auto payment is required. Active membership account is required. This offer is only valid for the first-year teachers under contract with school corporations located in Lake or Porter Counties in Indiana and must be disbursed within the first 90 days of employment contract. This loan does not apply to existing teachers. Limited to one loan per individual, regardless of amount approved. Rates are subject to change without notice. Rates are based on credit history and qualifications. No other discounts can be applied to the New Teacher Transition Loan. Rate shown reflects lowest possible rate and term up to 24-months. See a REGIONAL team member and Loan Agreement for complete details. This is a consumer loan and not a mortgage loan.

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. Call 1-800-762-7419 for full details.

  • 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

**APR=Annual Percentage Rate. Not all applicants will qualify. Restrictions apply. Proof of employment is required. Active membership account with Checking and Automatic Payments is required. Rates are subject to change without notice. Rates are based on credit history and qualifications. No other discounts can be applied to the Education Development Loan. Rate shown reflects lowest possible rate and term up to 24-months. See a REGIONAL team member and Loan Agreement for complete details. This is a consumer loan and not a mortgage loan.

Go to main navigation