Presenting Life CU's First Scholarship
Debbie Jones Memorial Scholarship Debbie Jones - Life CU Board of Directors Chairman 2010-2016

Life Credit Union is pleased to announce the inaugural Debbie Jones Memorial Scholarship. Life Credit Union’s first scholarship will be awarded to a deserving high school senior with plans to pursue higher education in the fall of 2018.

This scholarship was established to honor Debbie Jones, who was a visionary board member, a faithful supporter and long-time member of Life Credit Union. She served on the Life Credit Union Board of Directors for eleven years and as Board Chairman for six years. Debbie exemplified the true credit union spirit of “people helping people.” We would like to honor the life of Debbie Jones and celebrate her commitment to service on behalf of Life Credit Union and its members.

Scholarship Information:
  • Total award: $1,500
  • All applications must be received no later than Friday, June 1, 2018.
  • For details on eligibility and application requirements, please download the application or visit the branch for an application packet.

Sallie Mae's Smart Option Student Loan
Sallie Mae -
For college expenses not covered by scholarships and federal loans, Life Credit Union has partnered with Sallie Mae® to bring you loans with great repayment options and competitive rates.

Click here to apply and learn more details.

College Scholarships, Grants and Loans – What do they Cover?

Students and their families have plenty of options to consider when it comes to paying for college tuition. From scholarships to grants to loans, filling the gap can be a confusing proposition. Before deciding what options are right for you, there are a few important tips to keep in mind.
  1. Start with free money.
    While scholarships and grants are free money and don't need to be repaid, both federal and private loans are debt that students will need to repay. Life CU encourages our members to borrow responsibly, only taking on the amount of debt you really need. We’ve partnered with Sallie Mae to offer our members access to their Scholarship Search tool, with more than 3 million scholarship options worth $18B, based on residency, personal interests, grades, and more. When you register to use Scholarship Search by Sallie Mae, you can enter a monthly $1,000 sweepstakes.
  2. Carefully consider how much money you need.
    Keep in mind that college costs include more than tuition – you may need to include funds for housing, food, school supplies, transportation, a computer, and more. Once you have the total cost for the upcoming year, subtract any scholarships or grant money you’ve received, as well as any savings you or your family plans to contribute toward your education.
  3. Set a budget.
    It’s important for students to borrow only what they need to fund their education, not necessarily a lifestyle. In some cases, the loan amount offered to you might exceed the amount of money you really need to cover your expenses. To keep your debt low, determine your budget and only borrow what you need to live on. Also explore options like work study programs through your school or other job opportunities that can help defray college costs.
If after considering your savings, scholarships, and grants, you still come up short, a private student loan can help to fill the gap. Life CU has partnered with Sallie Mae to offer our members the Smart Option Student Loan. To encourage responsible borrowing, Smart Option Student Loans must be certified by the school’s financial aid office to help ensure students borrow no more than their cost of attendance less other financial aid received. With competitive variable and fixed interest rates, choice of repayment options, and no origination fees or prepayment penalties, the Smart Option Student Loan is a responsible way to fund your education.

Life CU is not the creditor for these loans and is compensated for the referral of Smart Option Student Loan customers. This information is for borrowers attending degree-granting institutions only. Credit criteria and eligibility requirements apply. MKT11080B

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