8.5%

Many lenders who work with Sallie Mae offer interest rate reductions that may reduce rate to 6.75%.

Interest rates that reward good credit and are as low as Prime – 1.0% for borrowers with excellent credit.

Interest rates are variable and reset monthly.

Interest rates that reward good credit and are as low as Prime + 1.5% for borrowers with excellent credit.

Interest rates are variable and reset monthly.

For loans first disbursed July 1, 2007–June 30, 2008: Up to 2.5% in fees that includes a 1.5% federal origination fee and a 1% federal default fee. For loans first disbursed July 1, 2008–June 30, 2009: Up to 2% fees that includes a 1% federal origination fee and 1% federal default fee. There are lenders and guarantors that work with Sallie Mae that pay all or a portion of these fees.

Origination fee of 3% charged by the federal government.

Up to a 1% guarantee fee.

Many Sallie Mae lenders and guarantors who work with these lenders pay all or a portion of the guarantee fee.

Up to $20,500 per year in Stafford loans with a lifetime maximum of $138,500.

Borrow up to the full cost of your education less other aid received.

Without cosigner
$150,000

With cosigner no limit

Standard, graduated, and extended repayment options are available.

Repayment begins after a nine-month grace period.

Standard, graduated, and extended repayment options are available.

Repayment begins after a six-month grace period.