Sallie Mae® Private Student Loan Pricing

Information advertised valid as of July 28, 2026.

Undergraduate

Lowest rates shown include the auto debit discount.footnote 1

Smart Option Student Loan® for Undergraduate Studentsfootnote 2

Term: 10-15 years of principal and interest payments

Fixed rates: 2.19% – 17.49% APR

Variable rates: 3.62% – 16.83% APR

3 Repayment Options: Deferred repayment, $25 Fixed repayment, Interest repayment

A typical repayment example:

Examples of typical transactions for a $10,000 Smart Option Student Loan with the most common fixed rate, Fixed Repayment Option, two disbursements, a 4-year in-school period, and a 6-month grace: For a borrower with the shortest loan term, it works out to 12.77% fixed APR, 51 payments of $25.00, 119 payments of $225.10 and one payment of $111.22, for a total loan cost of $28,173.12. For a borrower with the longest loan term, it works out to 12.93% fixed APR, 51 payments of $25.00, 178 payments of $193.07 and one payment of $158.46, for a total loan cost of $35,799.92. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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Graduate loans

Lowest rates shown include the auto debit discount.footnote 1

Sallie Mae® Medical School Loanfootnote 3

Term: 20 years of principal and interest payments

Fixed rates: 2.29% APR − 14.97% APR

Variable rates: 3.62% APR − 14.33% APR

3 Repayment Options: Deferred repayment, $25 Fixed repayment, Interest repayment

A typical repayment example:

Example of a typical transaction for a $10,000 Medical School Loan with the most common fixed rate, Fixed Repayment Option, two disbursements, a 4-year in-school period, and a 48-month grace period. It works out to 8.98% fixed APR, 93 payments of $25.00, 239 payments of $147.62 and one payment of $6.18, for a total loan cost of $37,612.36. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 20 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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Sallie Mae® Dental School Loanfootnote 3

Term: 20 years of principal and interest payments

Fixed rates: 2.19% APR − 14.98% APR

Variable rates:  3.62% APR −  14.34% APR

3 Repayment Options: Deferred repayment, $25 Fixed repayment, Interest repayment

A typical repayment example:

Example of a typical transaction for a $10,000 Dental School Loan with the most common fixed rate, Fixed Repayment Option, two disbursements, a 4-year in-school period, and a 12-month grace period. It works out to 6.56% fixed APR, 57 payments of $25.00, 239 payments of $88.92 and one payment of $50.61, for a total loan cost of $22,727.49. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 20 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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Sallie Mae® MBA Loanfootnote 4

Term: 5-15 year of principal and interest payments

Fixed rates:  2.29% APR − 14.99% APR

Variable rates:  3.62% APR −  14.35% APR

3 Repayment Options: Deferred repayment, $25 Fixed repayment, Interest repayment

A typical repayment example:

Examples of a typical transaction for a $10,000 MBA Loan with the most common fixed rate, Fixed Repayment Option, two disbursements and a 6-month grace: For borrowers with a 2-year in-school period and the shortest loan term, it works out to 9.47% fixed APR, 27 payments of $25.00, 59 payments of $240.72 and one payment of $215.76, for a total loan cost of $15,093.24. For a borrower with a 2-year in-school period and the longest loan term, it works out to 9.59% fixed APR, 27 payments of $25.00, 179 payments of $120.72 and one payment of $54.33, for a total loan cost of $22,338.21. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 15 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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Sallie Mae® Law School Loanfootnote 5

Term: 10-15 year of principal and interest payments

Fixed rates: 2.29% APR − 14.99% APR

Variable rates: 3.62% APR − 14.35% APR

3 Repayment Options: Deferred repayment, $25 Fixed repayment, Interest repayment

A typical repayment example:

Examples of typical transactions for a $10,000 Law School Loan with the most common fixed rate, Fixed Repayment Option, two disbursements, a 3-year in-school period, and a 9-month grace: For a borrower with the shortest loan term, it works out to 10.23% fixed APR, 42 payments of $25.00, 119 payments of $171.41 and one payment of $129.52, for a total loan cost of $21,577.31. For a borrower with the longest loan term, it works out to 10.32% fixed APR, 42 payments of $25.00, 179 payments of $140.93 and one payment of $69.41, for a total loan cost of $26,345.88. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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Sallie Mae® Graduate School Loan for Health Professionsfootnote 4

Term: 10-15 year of principal and interest payments

Fixed rates: 2.29% APR − 14.99% APR

Variable rates: 3.62% APR − 14.35% APR

3 Repayment Options: Deferred repayment, $25 Fixed repayment, Interest repayment

A typical repayment example:

Examples of typical transactions for a $10,000 Graduate School Loan for Health Professions with the most common fixed rate, Fixed Repayment Option, two disbursements, a 2-year in-school period, and a 6-month grace: For a borrower with the shortest loan term, it works out to 14.69% fixed APR, 27 payments of $25.00, 119 payments of $204.84 and one payment of $83.82, for a total loan cost of $25,134.78. For a borrower with the longest loan term, it works out to 14.78% fixed APR, 27 payments of $25.00, 178 payments of $178.22 and one payment of $98.65, for a total loan cost of $32,496.81. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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Sallie Mae® Graduate School Loanfootnote 4

Term: 10-15 year of principal and interest payments

Fixed rates: 2.29% APR − 14.99% APR

Variable rates: 3.62% APR − 14.35% APR

3 Repayment Options: Deferred repayment, $25 Fixed repayment, Interest repayment

A typical repayment example:

Examples of typical transactions for a $10,000 Graduate School Loan with the most common fixed rate, Fixed Repayment Option, two disbursements, a 2-year in-school period, and a 6-month grace: For a borrower with the shortest loan term, it works out to 14.69% fixed APR, 27 payments of $25.00, 119 payments of $204.84 and one payment of $83.82, for a total loan cost of $25,134.78. For a borrower with the longest loan term, it works out to 14.78% fixed APR, 27 payments of $25.00, 178 payments of $178.22 and one payment of $98.65, for a total loan cost of $32,496.81. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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Additional loans

Lowest rates shown include the auto debit discount.footnote 1

Smart Option Student Loan for Career Trainingfootnote 6

Term: 10 – 15 years of principal and interest payments

Fixed rates: 2.19% – 17.64% APR

Variable rates: 3.62% – 17.03% APR

3 Repayment Options: Deferred repayment, $25 Fixed repayment, Interest repayment

A typical repayment example:

Examples of typical transactions for a $10,000 Smart Option Student Loan with the most common fixed rate, Fixed Repayment Option, two disbursements, a 2-year in-school period, and a 6-month grace: For a borrower with the shortest loan term, it works out to 13.52% fixed APR, 27 payments of $25.00, 119 payments of $190.94 and one payment of $95.06, for a total loan cost of $23,491.92. For a borrower with the longest loan term, it works out to 13.60% fixed APR, 27 payments of $25.00, 178 payments of $163.77 and one payment of $135.28, for a total loan cost of $29,961.34. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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Sallie Mae® Airline Career Loanfootnote 7

Term: 15 years of principal and interest payments

Fixed rates: 2.19% – 17.79% APR

Variable rates: 3.62% – 17.18% APR

3 Repayment Options: Deferred repayment, $25 Fixed repayment, Interest repayment.

A typical repayment example:

Example of a typical transaction for a $10,000 Airline Career Loan with the most common fixed rate, Fixed Repayment Option, two disbursements, a 1-year in-school period, and a 12-month grace. It works out to 9.38% fixed APR, 24 payments of $25.00, 179 payments of $116.75 and one payment of $52.65, for a total loan cost of $21,550.90. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 15 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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Bar Study Loanfootnote 8

Term: 15 years of principal and interest payments

Fixed rates: 7.01% – 15.26% APR

Variable rates: 6.38% – 16.00% APR

No payments while you’re enrolled at least half-time and during your grace period

A typical repayment example:

Example of a typical transaction for a $15,000 Bar Study Loan with the most common fixed rate, one disbursement, no in-school period, and a 9-month grace. It works out to 11.19% fixed APR, 179 payments of $188.20 and one payment of $64.26, for a total loan cost of $33,752.06. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 20 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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Dental Residency and Relocation Loanfootnote 9

Term: 20 years of principal and interest payments

Fixed rates: 6.50% – 12.40% APR

Variable rates: 6.38% – 12.28% APR

No payments while you’re enrolled at least half-time and during your grace period

A typical repayment example:

Example of a typical transaction for a $20,000 Dental Residency and Relocation Loan with the most common fixed rate, one disbursement, no in-school period, and a 12-month grace. It works out to 9.69% fixed APR, 238 payments of $208.96 and one payment of $198.94, for a total loan cost of $49,931.42. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 20 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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Medical Residency and Relocation Loanfootnote 10

Term: 20 years of principal and interest payments

Fixed rates: 6.33% – 11.59% APR

Variable rates: 6.21% – 11.48% APR

No payments while you’re enrolled at least half-time and during your grace period

A typical repayment example:

Example of a typical transaction for a $20,000 Medical Residency and Relocation Loan with the most common fixed rate, one disbursement, no in-school period, and a 48-month grace. It works out to 9.20% fixed APR, 238 payments of $264.45 and one payment of $251.40, for a total loan cost of $63,190.50. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 20 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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Parent Loanfootnote 11

Term: 5-20 years of principal and interest payments

Fixed rates: 4.89% – 15.49% APR

Variable rates: 4.62% – 14.87% APR

2 repayment options: Interest or full Principal and Interest

A typical repayment example:

Example of a typical transaction for a $10,000 Parent Loan with the most common fixed rate, Interest Repayment Option, two disbursements,a 4-year in-school period: For a borrower with the shortest loan term, it works out to 10.98% fixed APR, 4 payments of $45.83, 41 payments of $91.67, 59 payments of $218.35 and one payment of $193.69, for a total loan cost of $17,018.13. For a borrower with the longest loan term, it works out to 10.98% fixed APR, 4 payments of $45.83, 41 payments of $91.67, 238 payments of $103.66 and one payment of $78.78, for a total loan cost of $28,691.65. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 5 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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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. Evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

footnote 1. 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.  

footnote 2. Advertised APRs for undergraduate students assume a $10,000 loan with a 4-year in-school period, a 6-month grace, and the longest loan term offered. 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 3. Advertised APRs for Medical School Loan and Dental School Loan assume a $10,000 loan with a 4-year in-school period. 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 4. Advertised APRs for Graduate School Loan, MBA Loans, and Graduate School Loan for Health Professions assume a $10,000 loan with a 2-year in-school period, a 6-month grace, and the longest loan term offered. 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 5. Advertised APRs for Law School Loan assume a $10,000 loan with a 3-year in-school period, a 9-month grace, and the longest loan term offered. 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 6. Advertised APRs for career training students assume a $10,000 loan with a 2-year in-school period, a 6-month grace, and the longest loan term offered. 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 7.  Advertised APRs for Airline Career Loans assume a $10,000 loan with a 1-year in-school period and 12-month grace period. 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 8. Advertised APRs for Bar Study Loan assume a $15,000 loan disbursed at the time of the student's graduation from school. 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 the funds are sent to you. Once principal and interest repayment begins, any Unpaid Interest will be added to Current Principal, increasing the Total Loan Cost. 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 9. Advertised APRs for Dental Residency and Relocation Loans assume a $30,000 loan disbursed at the time of student's graduation from school. 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 the funds are sent to you. For those who graduate, the grace period is 12 months. For those who withdrawal or whose attendance falls below half-time status, the grace period is 9 months. Once principal and interest repayment begins, any Unpaid Interest will be added to Current Principal, increasing the Total Loan Cost. 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 10. Advertised APRs for Medical Residency and Relocation Loans assume a $30,000 loan disbursed at the time of student's graduation from school. 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 the funds are sent to you. For those who graduate, the grace period is 48 months. For those who withdrawal or whose attendance falls below half-time status, the grace period is 9 months. Once principal and interest repayment begins, any Unpaid Interest will be added to Current Principal, increasing the Total Loan Cost. 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 11. Advertised APRs for Parent Loans are based on a $10,000 loan with a 4-year in-school period . 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.  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 as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. The discount may be suspended during forbearance.

footnote Information advertised valid as of 07/28/2026.

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 Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

footnote For additional eligibility requirements for a specific product, click the "Learn more" link for that product.

footnote Sallie Mae loans are made by Sallie Mae Bank.