Education Financing Options

When savings and federal aid don’t cover all your education expenses, additional lending options like a CHOICEquity home equity line of credit from M&T Bank or a Smart Option Student Loan from Sallie Mae® can help you bridge the gap.

M&T Bank does not take applications for Sallie Mae Smart Option Student Loans®, Parent Loans or Scholarships which are made by Sallie Mae Bank. M&T Bank is compensated for the referral of Sallie Mae customers.

Expand Your Education Financing Options

After carefully exploring your college financing options – such as federal student aid, scholarships, grants, etc. – you may find that there is still a need for additional college financing. That's where M&T Bank can help, below are ways to find a solution to your student lending needs.

​Smart Option Student Loan® by Sallie Mae®

For college expenses not covered by scholarships and federal loans, M&T Bank has partnered with Sallie Mae® to bring you loans with great repayment options and competitive rates.

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Parent Loan for M&T Bank by Sallie Mae​®

If you're looking to pay for all or part of your student's education, M&T Bank has partnered with Sallie Mae® to offer you the Parent Loan which features competitive interest rates and the flexibility of two repayment options. Any creditworthy individual – parent, grandparents, aunts, uncles, spouses, and guardians – can help a student achieve their dream of college. 

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M&T Bank CHOICEquity Home Equity Line of Credit

You can apply for an M&T CHOICEquity Account to help pay for school. This way, you can have the flexibility to choose how and when you use the funds, as well as take advantage of the competitive rate. You can also use this line of credit to purchase a car, to buy books and other supplies for your college student, or for other purchases that are important to you.

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M&T Bank Scholarship Search Powered by Sallie Mae​®

Still looking for scholarship opportunities? Register and create your profile to get matched to scholarships that are a good fit for you. You’ll receive detailed information on each matched scholarship (deadlines, requirements, and award amounts) and you’ll receive email alerts when new scholarship matches are posted. Remember, scholarships aren’t just for first-year college students – apply every year.

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M&T Bank does not take applications for Sallie Mae Smart Option Student Loans®, Parent Loans or Scholarships which are made by Sallie Mae Bank. M&T Bank is compensated for the referral of Sallie Mae customers.
M&T Bank does not take applications for Sallie Mae Smart Option Student Loans®, Parent Loans or Scholarships which are made by Sallie Mae Bank. M&T Bank is compensated for the referral of Sallie Mae customers.
M&T Bank does not take applications for Sallie Mae Smart Option Student Loans®, Parent Loans or Scholarships which are made by Sallie Mae Bank. M&T Bank is compensated for the referral of Sallie Mae customers.
Sallie Mae, Smart Option Student Loan, Parent Loan, Scholarship Powered by Sallie Mae and Sallie Mae Bank are registered service marks of Sallie Mae, Inc. SLM Corporation and its subsidiaries including Sallie Mae, Inc. are not sponsored by, or agencies of, the United States of America.
All lines of credit and all terms referenced are subject to credit approval and other conditions. Other terms, conditions, fees and restrictions may apply.
Unless otherwise specified, all advertised offers and terms and conditions of accounts and services are subject to change at any time without notice. After an account is opened or service begins, it is subject to its features, conditions, and terms, which are subject to change at any time in accordance with applicable laws and agreements. Please contact an M&T representative for full details.