Apply with a cosigner

If a parent or other creditworthy individual cosigns the loan with you, it can help lower your interest rate—and give you a better chance of approval.

Release your cosigner

Apply to release your cosigner once you graduate and make 12 consecutive on-time principal and interest payments.3

Applying online is easy—it only takes about 15 minutes to apply and get a credit result.

Get Started

We also offer fixed interest rates from 6.41% APR – 11.69% APR.1 Learn More

 
 

Choose the Smart Option Student Loan®

  • Defer your payments until after school or pay as much as you want while in school.1
  • Variable interest rates range from 3.17% APR – 9.37% APR1
  • No origination fees.
  • Prepay your loan at any time with no penalty
  • Borrow up to 100% of your school-certified education costs (minimum $1,000).2
  • Pay now or later
    Defer your payments until after school or pay as much as you want while in school.1
  • Variable interest rates range from 3.17% APR – 9.37% APR1
    No origination fees.
  • Prepay your loan at any time with no penalty
  • Get the money you need
    Borrow up to 100% of your school-certified cost of attendance (minimum $1,000).2

Applying online is easy—it only takes about 15 minutes to apply and get a credit result.

Get Started

We also offer fixed interest rates from 6.41% APR – 11.69% APR.1 Learn More

 
 

Encouraging responsible borrowing

Sallie Mae has helped more than 30 million Americans pay for college since 1972. We encourage students and families to supplement their savings by exploring grants, scholarships, federal and state student loans, and to consider the anticipated monthly payments on their total student loan debt and their expected future earnings before considering a private education loan.

This information is for borrowers attending degree-granting institutions only. Credit criteria and eligibility requirements apply.

1 Interest rates for the Deferred Repayment Option are higher than for loans with the Fixed and Interest Repayment Option. Variable rates may increase after consummation. Interest is charged while you are in school and during the 6 month separation period. Any interest that remains unpaid when you enter full repayment will be added to your loan balance. The deferred repayment option is only available to borrowers attending degree-granting institutions.

2 As certified by your school and confirmed by Sallie Mae, less other financial aid received. Sallie Mae reserves the right to approve a lower loan amount than what the school has certified. Requested amounts exceeding $99,999 may require multiple loans.

3 Only the borrower may apply for cosigner release. The borrower must provide proof of successful completion of school, be a U.S. citizen or permanent resident, be current and have made 12 consecutive on-time payments of principal and interest immediately before applying, and pass a credit check including income verification when the release request is processed.

Information advertised valid as of 3/25/2014.

WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

The Sallie Mae logo, Sallie Mae, Sallie Mae Bank, Sallie Mae Smart Option Student Loan, Sallie Mae Insurance Services and Smart Reward are registered service marks of Sallie Mae, Inc.

Smart Option Student Loans are made by Sallie Mae Bank® or a lender partner.