Eligibility

• You must attend an eligible community college or a four- or five-year college at least half time and be working toward your degree.
• You must meet current credit criteria.

Benefits

• Competitive interest rates that reward creditworthiness.
• If you do not have an established credit history, applying with a creditworthy cosigner may help you qualify for the loan. Even if you have an established credit history, you may be eligible for a lower interest rate if you apply with a creditworthy cosigner.
• Creditworthy borrowers may request a cosigner release from the loan obligation after making the first 24 consecutive payments of principal and interest on time.¹

Features

• Easy online applications with fast credit decision and electronic signature.
• No minimum income requirement.
• Six-month grace period.²
• Available for U.S. students in study abroad programs.
• International students are eligible with a cosigner (who must be a U.S. citizen or permanent resident) and applicable CIS documents.
• 24/7 account management.
• Combined billing when you have multiple Sallie Mae-serviced student loans.

Loan terms

Loan limits

$1,000 minimum loan amount.

Borrow as much as you need to pay for your education, up to the cost of attendance as certified by your school and confirmed by Sallie Mae, less other financial aid received.*

Interest rate

• Manage your credit well and you may qualify for a lower interest rate.
• The Signature Student Loan has interest rates that reward good credit. Interest rates are variable and reset monthly.

Fees

Loan fees range from 0% to 6%.

Repayment

• Several repayment plans are available, including standard, graduated, and extended.
• Consider making interest payments while you are in school to lower the amount you must pay back.
• Prepay your loan at any time without penalty.

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.

¹ The account must remain current until the request for release is processed. Borrower credit qualification applies. Borrower must be a U.S. citizen or permanent resident at the time the cosigner release request is processed.

² Deferring payment while in school and in the grace period will increase the overall loan costs. Unpaid interest that accrues while you are in school and in the grace period will be capitalized (added to your loan amount) at repayment.

* Sallie Mae reserves the right to approve a lower loan amount than what the school has certified.

Signature Student loans are funded by Sallie Mae Bank^® or a Sallie Mae lender partner.

Access to Upromise is not limited to Sallie Mae loan customers. Terms and conditions apply.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AND BORROWER BENEFITS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS, INCLUDING BORROWER BENEFITS.

Subject to the above, borrower benefits are effective for Signature Student loans first disbursed on or after June 1, 2008 and serviced by Sallie Mae.

Sallie Mae, Sallie Mae Bank, and Signature Student loans are registered service marks of Sallie Mae, Inc. Upromise and Upromise Loan Link are service marks or registered service marks of Upromise, Inc.