Eligibility

• Be a U.S. citizen or non-citizen permanent resident without conditions and with proper evidence of eligibility, or an international borrower applying with a creditworthy U.S. citizen or non-citizen permanent resident.
• You must have no student loans that are delinquent or in default.
• You must meet established credit criteria.
• You must be enrolled in an eligible program at an eligible school: business administration, marketing, accounting, finance, economics, taxation, and Executive MBA.
• Available to full-time, half-time and, in some circumstances, less than half-time graduate students pursuing a degree. Contact your financial aid office for more information.

Features

• The MBA LOANS Private Loan has interest rates that reward good credit.
• If you do not have an established credit history, you may want to apply with a creditworthy cosigner because this may increase your chances of approval. 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 after making the first 24 consecutive payments of principal and interest on time.¹
• No payments required while in school.²
• No minimum income requirement.
• You can manage your account online 24/7.
• You get the convenience of combined billing for all of your Sallie Mae-serviced student loans.³
• There is no prepayment penalty.

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 MBA LOANS Private Loan has interest rates that reward good credit. Interest rates are variable and reset monthly.

Fees

Loan fees are 0%–6%.

Repayment

• Flexible repayment options are available.
• Repayment begins after a six-month grace period.²

Another way to help pay down your loan

With Upromise Loan Link^SM 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.⁴

Legal

MBA Loans Private Loans are funded by Sallie Mae Bank^® or a Sallie Mae lender partner.

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

¹ Borrower’s 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.

3 Certain restrictions apply.

4 To view whether or not a student loan is eligible to participate in the Upromise Loan Link program, please visit www.upromise.com/loanlink. Access to Upromise is not limited to Sallie Mae loan customers.

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 MBA LOANS Private Loans first disbursed on or after June 1, 2008 and serviced by Sallie Mae.

Sallie Mae, Sallie Mae Bank, and MBA LOANS are registered service marks, and MBA LOANS Private Loan is a service mark of Sallie Mae, Inc.