Loans - Educational


The Gates Chili Federal Credit Union offers members graduate education loans. While we don't offer undergraduate student loans, we have partnered with Sallie Mae to give members financing options that will help cover the gap between federal financial aid and college expenses. Information on both programs can be found below

Gates Chili FCU Graduate Education Loans

When federal loans are not enough to cover the costs of your graduate education, look to our Graduate Education loans. This loan is available to students pursuing a graduate degree with full or part-time study at a public or private college or university with terms up to 96 months.

  • 100% Financing
    Our loan allows you to finance up to 100% of the total college costs including tuition, room and board, books and all other education costs.
  • Disbursements As You Need Them
    We suggest that you apply for the total amount that you'll need for your graduate education and have the funds paid out from the loan as you need them each semester. This will save interest in the long run as you're not borrowing the full amount all at once.
  • Rates
    For current rate, visit our Rates page.
    We offer low fixed rates and terms up to 96 months with no pre-payment penalties.
  • Tax deductible
    Interest paid on education loans may be tax deductible. Consult your tax advisor for additional information.
  • Easy Loan Payments
    The credit union offers a variety of convenient ways to make your loan payment online, in-person, by phone from your GCFCU account, or through automatic payments.

The Smart Option Student Loan® for Gates Chili Federal Credit Union by Sallie Mae®

Get the money you need to help make higher education happen

Student loans from Gates Chili Federal Credit Union in partnership with Sallie Mae® could help!
For those attending a degree-granting institution
Whether you’re an undergraduate student or graduate student these flexible loans are designed to meet your needs:

  •  Competitive variable and fixed interest rates
  •  No origination fee or prepayment penalty1
  •  Multiple repayment options

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 degree
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 
Graduate School Loan for Health Professions  

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

Learn which loan is right for you.

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. Gates Chili 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 students attending participating degree-granting schools. Smart Option Student Loan information is for undergraduates only. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans. Students who are not U.S. citizens or U.S. permanent residents must reside in th U.S., attend a participating school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and provide an unexpired government-issued photo ID to verify their identity. 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.


© 2021 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.

Ready To Get Started On Your Loan?

Apply Today

See All Rates | Contact a Loan Specialist at (585) 247-1090

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