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