Variable and fixed loan interest rates for graduate or undergraduate students and their parents – including the Smart Option Student Loan with three repayment choices to fit any budget.
Smart Option Student Loan®
FDIC-insured banking services to help you save the way you want, with high interest rates and flexibility.
SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.
Encouraging Responsible Borrowing
Sallie Mae has helped more than 30 million Americans pay for college since 1972. We encourage students and families to supplement their savings by exploring grants, scholarships, and federal student loans, and to consider the anticipated monthly payments on their total student loan debt and their expected future earnings before considering a private education loan.
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.