Get the money you need for grad school

Cover all your school costs, from tuition to books, whether you’re online or on campus.footnote 1
Choice of a variable or fixed interest rate
Multiple repayment options
No penalty for paying off your loan earlyfootnote 2

Graduate loan rates

Fixed rates:
4.99% APR
to 14.48% APRfootnote 3
Variable rates:
6.87% APR
to 16.47% APRfootnote 3
Lowest rates shown include the auto debit discount.footnote 3 Only the most creditworthy applicants who choose the interest repayment option may receive the lowest rate.

Designed for your graduate school needs with 0% origination fee

With a Sallie Mae® Graduate School Loan, you can get the money you need to pay for up to 100% of your school-certified expenses:footnote 1 tuition, fees, books, housing, travel, and technology.

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Ways to save money
on your loan costs

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Choose an in-school prepayment option - customers may save vs the deferred repayment option

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Enroll in and pay by auto debit and get a 0.25 percentage point interest rate reductionfootnote 3

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Pay off your loan early and save on interest costs, with no penaltyfootnote 2

Choose a graduate loan that's right for your degree program

Our specialized loans also offer competitive rates and multiple repayment options.

Apply online—it's fast and easy.

Fill out some basic information and get an answer about your loan in just minutes.

For degree-granting institutions

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 Graduate School Loan and Graduate School Loan for Health Professions are for graduate students at participating degree-granting schools and are subject to credit approval, identity verification, signed loan documents, and school certification. 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. 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 2. 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 3. 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. 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 Graduate School loans are made by Sallie Mae Bank.

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