Eligibility

Applicants must be able to provide proof that the student is enrolled at an eligible tutoring center.  This may be any document that displays the student’s name, enrollment period, and the name of the tutoring center, such as a tuition bill.

Features

• Interest rates and fees that reward good credit.
• Repayment terms of up to 15 years to keep your payments affordable.
• No aggregate loan limit.
• Easy online application and account management.
• No prepayment penalty.
• Creditworthy borrowers may request a cosigner release after making the first 24 consecutive, on-time monthly payments of principal and interest as initially scheduled.

Loan terms

Loan limit

There is no aggregate loan limit.

Interest rate

The Tutorial Financing Program has interest rates that reward good credit and are as low as Prime + 0% for borrowers with excellent credit. Interest rates are variable and reset monthly.

Fees

Loan fees are 0%–6.5%.

Repayment

• You can take up to 15 years to repay the loan.
• Repayment for the Tutorial Financing Program begins at least 28 days, but no more than 60 days, after the first disbursement.

Another way to help pay down your loan

With Upromise Loan Link^SM student and parent borrowers who join Upromise^® can link their Sallie Mae loan account to their Upromise account and use their Upromise rewards to help pay down their eligible Sallie Mae-serviced student loans. Visit www.salliemae.com/upromise to learn more and enroll today.

Legal

• SLM Financial Tutorial Loans are private, credit-based loans, and are not federally sponsored or guaranteed.
• Tutorial Loans are made by state or federally chartered financial institutions and are sold after full disbursement to a Sallie Mae company.
• Private tutorial centers act on their own behalf and do not represent you or SLM Financial.
• Repayment begins at least 28 days, but no more than 60 days, after the first disbursement.
• The APR will increase if the Prime Rate increases.
•  Minimum monthly payment is $30.