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
Fixed rates: 4.50% - 15.49% APRfootnote 1
Variable rates: 6.37% - 16.70% APRfootnote 1

Lowest fixed and variable rates include the auto debit discount.

 

Undergraduate student loans

Fixed rates: 
4.50% APRfootnote 1 – 15.49% APRfootnote 1

Variable rates:
6.37% APRfootnote 1 – 16.70% APRfootnote 1

For college students earning a bachelor's or associate's degree, or a certificate at a degree-granting school.

Lowest rates shown include the auto debit discount.

Career training student loans

Fixed rates: 
4.50% APRfootnote 2 – 15.69% APRfootnote 2

Variable rates:
6.37% APRfootnote 2 – 16.78% APRfootnote 2

For students taking professional training or certificate courses (such as culinary, aviation, technical, etc.).

Lowest rates shown include the auto debit discount.

Graduate student loans

For graduate students seeking loans for medical, dental, health professions, MBA, law, and master's/doctorate degree expenses.

Rates vary by loan.

What do students think of 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

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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. Advertised APRs for career training students assume a $10,000 loan to a student who attends school for 2 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 Information advertised valid as of 4/16/2024.

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.

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