Variable rates:
3.37% APR
to 13.72% APR1
Fixed rates:
3.75% APR
to 13.72% APR1
Lowest rates shown include the auto debit discount.1 Only the most creditworthy applicants who choose the interest repayment option may receive the lowest rate.

Whether you're studying online or on campus, get the money you need for college—and multiple repayment options.

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Cover up to 100% of school-certified expenses

Including tuition, fees, books, housing, meals, travel, and even a laptop.2

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No origination fee or prepayment penalty

pay as early or as much as you’d like with no penalty.3

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Pay now or pay later—make in-school payments to lower your overall loan costs

or defer payments until after graduation.1

Cosign a loan to help your student

If you cosign your student's undergraduate loan application, their chances of being approved may increase!  A cosigner is usually a parent, but can be any adult with good credit.

Going to graduate school?

Learn about our suite of specialized graduate loans with options for all disciplines.

For degree-granting institutions

Apply online for your undergraduate loan now. It's fast and easy.

Fill out some basic information and find out how much you qualify to borrow in just minutes.

Borrow responsibly
We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

Sallie Mae loans are subject to credit approval, identity verification, signed loan documents, and school certification. This loan is available to students at participating schools and is not intended for students pursuing a graduate degree. Student or cosigner must meet the age of majority in their state of residence. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident), and provide an unexpired government-issued photo ID. Requested loan amount must be at least $1,000.

1. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. Payments may be required during the grace/separation period depending on the repayment option selected. Variable rates may increase over the life of the loan. Advertised variable rates reflect the starting range of rates and may vary outside of that range over the life of the loan. Advertised APRs assume a $10,000 loan to a borrower who attends school for 4 years and has no prior Sallie Mae loans. The borrower or cosigner must enroll in auto debit through Sallie Mae to receive a 0.25 percentage point interest rate reduction benefit. This benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment. 

2. Loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Sallie Mae reserves the right to approve a lower loan amount than the school-certified amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time.

3. Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal. 

Information advertised valid as of 9/26/2022.


Smart Option Student loans loans are made by Sallie Mae Bank.