Education Loans

Encouraging Responsible Borrowing


We are committed to helping people invest in higher education. That is why we have partnered with the educational institutions and lenders below. We encourage students and families to explore all of your options, and to consider the anticipated monthly payments on their total student loan debt and their expected future earnings before considering a private education loan.

Smart Option Student Loan®

Now you can pay for college the smart way

We have partnered* with Sallie Mae to provide you the Smart Option Student Loan. The flexibility of this loan makes it an ideal solution for students and families who still need financing after maximizing grants, scholarships, and federal student loans. Features include:

  • Competitive variable or fixed interest rates1
  • Quick and easy online application
  • Three in-school repayment options
  • No origination fees and no prepayment penalty
  • Ability to borrow up to 100% of school-certified education costs (minimum $1,000)
  • Borrower benefits like rewards and interest rate reductions

Plus, applying with a credit-worthy cosigner may help you lower your interest rate -- and give you a better chance of approval.

Apply Now


* We are compensated by Sallie Mae for the referral of Smart Option Student Loan customers. Explore federal loans and compare to ensure you understand the terms and features. Smart Option Student Loans that have variable rates can go up after consummation. Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to provide. Federal loans generally have origination fees, but are available to students regardless of income.


1 Interest rates for the Fixed and Deferred Repayment Options are higher than for loans with the Interest Repayment Option. APRs for borrowers attending non-degree granting institutions range from 7.99% to 13.62% with an origination fee up to 5.00%. Origination fees mean application or disbursement fees. Variable rates may increase after consummation. Interest is charged while you are in school and during the 6 month separation period. Any interest that remains unpaid when you enter full repayment will be added to your loan balance. WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.


Information advertised valid as of September 25, 2013. Sallie Mae Smart Option Student Loans are made by Sallie Mae Bank® or a lender partner.

Sheffield Tuition Loans

Working together to help you fulfill your dreams!

Destinations Credit Union proudly serves employees, students and family members of The Sheffield Institute for the Recording Arts. Destinations works hand in hand with Sheffield to provide you with qualified financing options for your tuition and finding ways to pay for your Sheffield education.

As a not-for-profit financial institution, the loan rates at Destinations Credit Union are generally lower than they are at for-profit banks. As an incoming student at Sheffield, you qualify for membership in Destinations Credit Union. Once you belong to the Credit Union, you are eligible to take advantage of any of our low-cost financial services, including loans for qualified borrowers. If you do not have the credit history or income to enable you to apply for credit on your own, your family members can co-sign the loan to help with your education.

  • Loans for up to 10 years
  • Options to secure the loan with property (home, lien-free vehicle or savings) or apply for unsecured credit
  • Interest only or interest plus minimum principal payment during the duration of program plus 6 months
  • Co-signer may be released after student demonstrates ability to pay and 12 consecutive on-time payments

Apply Now

BIM Tuition Loans

Working together to help you fulfill your dreams!

Destinations Credit Union proudly serves employees, students and family members of Broadcasting Institute of Maryland. Destinations works hand in hand with BMI to provide you with qualified financing options for your tuition and finding ways to pay for your BMI education.

As a not-for-profit financial institution, the loan rates at Destinations Credit Union are generally lower than they are at for-profit banks. As an incoming student at BMI, you qualify for membership in Destinations Credit Union. Once you belong to the Credit Union, you are eligible to take advantage of any of our low-cost financial services, including loans for qualified borrowers. If you do not have the credit history or income to enable you to apply for credit on your own, your family members can co-sign the loan to help with your education.

  • Loans for up to 10 years
  • Options to secure the loan with property (home, lien-free vehicle or savings) or apply for unsecured credit
  • Interest only or Interest plus minimum principal payment during duration of program plus 6 months
  • Co-signer may be released after student demonstrates ability to pay and 12 consecutive on-time payments

Apply Now