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

Undergraduate student loans

Variable rates: 3.12% APR – 10.54% APR
Fixed rates: 4.74% APR – 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 4 months of free Chegg study help – a $100 value

Apply now

Career training student loans

Variable rates: 6.12% APR – 13.47% 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

Apply now

Graduate student loans

Rates vary by loan

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

Apply now

Parent loans

Fixed rates: 5.49% APR – 12.87% APR
Variable rates: 5.37% APR – 11.99% 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 4 months of free Chegg study help – a $100 value

Apply now

See all private student loans


Why choose student loans from Sallie Mae?

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 loans for students are designed to help you meet your financial and educational needs.

Our customers benefit from

  • Applying only once to get the money needed for the entire school year
  • Loans for students that feature 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 on loans for students
  • 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 loans for students

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 available to students 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 is charged starting at disbursement, during school and the separation/grace period, and until the loan is paid in full. 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. Payments may be required during the grace/separation period depending on the repayment option selected. 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 is charged starting at disbursement, during school and the separation/grace period, and until the loan is paid in full. With the Fixed repayment Option, 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. Payments are required during the grace/separation period. 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 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 and 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 May 2019 from studentaid.ed.gov and a May 23, 2019 Electronic Announcement from Federal Student Aid, an office of the U.S. Department of Education.

Sallie Mae loans are made by Sallie Mae Bank or a lender partner.

Information advertised valid as of 9/25/2019.

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.