Repaying your student loans
Sallie Mae is committed to giving you the information and tools you need to understand and evaluate all of your repayment options. We can help you find an option that fits your budget, simplifies repayment, and minimizes your total interest cost.
Before you choose a repayment plan
- Understand the repayment options available to you. Sallie Mae offers standard, graduated, income-based, and extended repayment plans.
- Know that consolidation isn’t your lowest-cost option. Your interest rate could be higher, you’ll extend your term, and you could also sacrifice valuable borrower benefits.
- Realize that Sallie Mae gives you the convenience of one bill and one monthly payment for all your Sallie Mae-serviced loans without having to consolidate your loans.*
- Compare your repayment options. Estimate your monthly student loan payments with our Loan Repayment Calculator. Or, if your loans are in repayment, you can view your repayment options at www.manageyourloans.com.
- Know that you can prepay your loans in part or in full at any time without penalty. This will lower the overall cost of your loan.
- Realize the importance of paying back your student loans.
Get what you need in a repayment plan.
Lower monthly payments
Sallie Mae offers repayment options that can help you lower your monthly payments:
Lowest overall loan cost
Make level monthly payments of principal and interest to help control interest costs.
Postpone your payments
Do you have loans with lenders other than Sallie Mae?
By consolidating your private student loans, you get the superior benefits and services of being one of our customers, plus the convenience of having all your student loans with one lender. Find out how:
*Combined billing is available for student loans that are serviced by Sallie Mae. Some restrictions may apply.