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Find your student loan—undergraduate, graduate student, or parent

Undergraduate student loans

Fixed rates: 5.49% – 11.85% APR
Variable rates: 4.25% – 11.35% APR
Lowest rates shown include the auto debit discount

For bachelor’s and associate’s degrees, or a certificate at a degree-granting school

Get four months of free study and homework support, worth $100, with Study StarterSM.

Smart Option Student Loan® for Undergraduate Students

Career training student loans

Variable rates: 6.49% – 13.83% APR
Lowest rates shown include the auto debit discount

For professional training or certificate courses (culinary, aviation, technical, etc.) at a non-degree-granting school

Career Training Smart Option Student Loan®

Graduate student loans

Rates vary by loan

For medical, dental, health professional, MBA, and master’s/doctorate degree expenses

Loans for graduate students

Parent loans

Fixed rates: 5.49% – 12.87% APR
Variable rates: 5.74% – 12.37% APR
Lowest rates shown include the auto debit discount

For your student’s bachelor’s, associate’s, or graduate degree, or certificate at a degree-granting school

Get four months of free study and homework support, worth $100, with Study StarterSM.

Sallie Mae® Parent Loan

See all private student loans


Why choose a Sallie Mae student loan?

Whether you’re looking for a loan to help pay for your undergraduate or specialized graduate degree, or a parent helping your student pay for school, our student loans are designed to help you meet your financial needs.

Our customers benefit from

  • Apply only once and get the money you need for the entire school year.
  • 100% coverage for all school-certified expenses like tuition, fees, books, housing, meals, travel, and even a laptop.
  • No origination fee
  • Competitive interest rates
  • Multiple repayment options
  • 0.25 percentage point interest rate discount when enrolled in and making monthly payments by auto debit
  • Free access to FICO® Scores, updated quarterly online
  • 100% U.S.-based customer service teams

Federal loans vs private student loans

When it comes to paying for college, first look for money you won’t have to pay back, like scholarships and grants. Then explore federal student loans. Finally, consider a responsible private student loan to cover the rest (your "gap").

Apply for a student loan

Differences between private student loans and federal loans

Feature

Sallie Mae private student loans for degree-granting schools

Federal student loans
(Direct Subsidized, Unsubsidized, or PLUS)

Fixed and variable rates

 

Auto debit discount

Interest, Fixed, or Deferred Repayment Options during school

 

Origination fee

 

Less-than-half-time enrollment eligibility

 

Detailed federal vs private student loans comparison


Student loan resources

Understand student loans and borrowing

Find out about different ways to borrow money to help pay for college.

Decide how much to borrow in student loans

Figure out how much college will cost, how much money you can put toward it, and what your funding gap will be.

Learn ways to save on college costs

Get tips to save on college costs before you get to—and while you’re in—school.

Explore the College Planning CalculatorSM

Build a customized plan to determine costs and pay for college.

Use our student loan repayment calculator

Estimate what your monthly student loan payment might be with just a few pieces of information.

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.

Interest rates for Fixed and Deferred Repayment Options are higher than interest rates for the Interest Repayment Option. You’re charged interest starting at disbursement, while in school, during your separation/grace period, and until the loan is paid in full. The repayment option that is selected will apply during the in-school and separation/grace periods. When you enter principal and interest repayment, Unpaid Interest will be added to your loan’s Current Principal. Variable rates may increase over the life of the loan. Advertised variable rates reflect the starting range of rates and may vary outside of that range over the life of the loan. Advertised APRs assume a $10,000 loan to a freshman with no other Sallie Mae loans.

This promotional benefit is provided at no cost to borrowers with loans that first disburse between July 1, 2018 and April 30, 2020. Borrowers who reside in, attend school in, or borrow for a student attending school in Maine are not eligible for this benefit. No cash value. Terms and Conditions apply. Please visit chegg.com/studystarter/termsandconditions for complete details. This offer expires one year after issuance.

Interest rates for the Fixed Repayment Option are higher than interest rates for the Interest Repayment Option. You're charged interest starting at disbursement, while in school, during your separation/grace period, and until the loan is paid in full. The repayment option that is selected will apply during the in-school and separation/grace periods. When you enter principal and interest repayment, Unpaid Interest will be added to your Current Principal. Variable rates may increase over the life of the loan. Advertised variable rates reflect the starting range of rates and may vary outside of that range over the life of the loan. Advertised APRs assume a $10,000 loan to a borrower whose planned term for enrollment is approximately one academic year with no other Sallie Mae loans.

APRs for the Principal and Interest Repayment Option may be higher than APRs for the Interest Repayment Option. Variable rates may increase over the life of the loan. Advertised variable rates reflect the starting range of rates and may vary outside of that range over the life of the loan. APRs assume a $10,000 loan to a person borrowing for a freshman student.

Loan amount cannot exceed the cost of attendance less financial aid received as certified by the school. Sallie Mae reserves the right to approve a lower loan amount than the school-certified amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half time.

Borrower or cosigner must enroll in auto debit through Sallie Mae. The rate reduction 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. This benefit may be suspended during periods of forbearance or deferment, if available for the loan.

Borrowers and cosigners who have an available FICO® Score and a Sallie Mae loan with a current balance greater than $0, may receive their score quarterly after the first disbursement of their loan. The FICO® Score provided to you is the FICO® Score 8 based on TransUnion data, and is the same score that Sallie Mae uses, along with other information, to manage your account. FICO® Scores and associated educational content are provided solely for your own non-commercial personal review, use and benefit. This benefit may change or end in the future. FICO® is a registered trademark of the Fair Isaac Corporation in the United States and other countries.

Explore federal loans and compare to ensure you understand the terms and features. Smart Option Student Loans that have variable rates can go up over the life of the loan. Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to provide. Federal loans generally have origination fees, but are available to students regardless of income.

Federal student loan information was gathered in October 2018 from studentaid.ed.gov

Smart Option Student Loans are made by Sallie Mae Bank or a lender partner.

Information advertised valid as of 5/28/2019.

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.