Sallie Mae® is the nation's #1
private student loan lender

  • Applying is fast and easy, with more than 4,000 eligible schools
  • Helping 300K+ students pay for college each year
  • Lending to more students than any other private student loan provider

Undergraduate loan rates

Fixed rates:
4.50% APR
to 15.49% APRfootnote 1
Variable rates:
6.37% APR
to 16.70% APRfootnote 1
Lowest rates shown include the auto debit discount.footnote 1 Only the most creditworthy applicants who choose the interest repayment option may receive the lowest rate.
Pay for more than tuition

Cover up to 100% of school-certified expenses, including books, meals, housing, and even a laptop.footnote 2

Repay your way

Make payments while you’re in school or defer until after graduation. There’s no origination fee or penalty for prepayment.footnote 3

Complete your application
in minutes

Why do more college students pick Sallie Mae?

 
Sallie Mae was the only group that would accept my application since I didn't have a well-established credit score."

George M., New York

The entire process, from applying through disbursement through repayment, was very simple and efficient."

Ellington T., Virginia

Getting approved for a Sallie Mae loan was fairly simple. And took a huge weight off my shoulders when it came to paying for my education."

Desirea M., California

Get more from your college loan

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Citizens

 

Cover up to 100% of the cost of attendance minus financial aidfootnote 2

 

 

Fixed and variable rate options

 

 

In-school or deferred repayment options for undergraduate and graduate loan borrowersfootnote 1

 

Less-than-half-time enrollment eligibility

 

 

Interest only payments for 12 months after grace period for qualifying undergraduate and graduate loan borrowersfootnote 4

 

Questions? We're here to help!

It's easy to get started

Follow these steps:

  • Tell us the basics

    We’ll need some basic information from you (and your cosigner, if you have one) like name, address, date of birth, and school details.

  • Customize your loan

    Once you’re approved, pick the interest rate and repayment options that work best for you.

  • Sign & go

    Read and review all your loan documents. Once you sign and accept your loan, we’ll take care of the rest with your school.

Young man sitting on his bed and typing on his laptop

footnote 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.

footnote Loans for Undergraduate & Career Training Students are not intended for graduate students and are subject to credit approval, identity verification, signed loan documents, and school certification. Student must attend a participating school. 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.

footnote 1. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent.  Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. 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. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount 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.

footnote 2. For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website may be subjected to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time.

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

footnote 4. GRP allows interest-only payments for the initial 12-month period of repayment when the loan would normally begin requiring full principal and interest payments or during the 12-month period after GRP request is granted, whichever is later. At the time of GRP request, the loan must be current. The borrower may request GRP only during the six billing periods immediately preceding and the twelve billing periods immediately after the loan would normally begin requiring full principal and interest payments. GRP does not extend the loan term. If approved for GRP, the Current Amount Due that is required to be paid each month after the GRP ends will be higher than it otherwise would have been without GRP, and the total loan cost will increase.

footnote Sallie Mae loans are made by Sallie Mae Bank.

footnote Information advertised valid as of 4/25/2024.

footnote SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION.