Private Student Loans for Undergraduates
Smart Option Student Loan®
Financing an undergraduate education is simpler than it may seem. Our Smart Option Student Loan offers undergraduates the choice of three repayment options2:
- Deferred repayment - pay later
- Fixed repayment - pay less now
- Interest repayment - pay more now
Career Training Smart Option Student Loan®
If you're a qualifying student who's attending a non-degree-granting institution for career training, our Career Training Smart Option Student Loan can help finance your education with competitive interest rates and a choice of repayment options.
Additional private student loan information for undergraduates
As an undergraduate student, you have a lot on your mind — whether it's moving away from home and adjusting to college life, or studying hard to make those grades. Moreover, many students first get involved with major finances — such as student loans — during their undergraduate years, adding to the responsibility of being a college student.
Sallie Mae helps simplify the process of financing an undergraduate education, with a selection of competitive private student loans. With loan features such as competitive interest rates, full education coverage, a choice of repayment-options, and rewards for paying loans on time, you can worry less about financing your education — and invest more of your energy towards being a student.
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, federal and state 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.
Get help deciding which loan is right for you.
Call us at (877) 279-7172(877) 279-7172
Manage your loan
A cosigner can really pay off
A cosigner can help you qualify
If a parent or other creditworthy individual cosigns the loan with you, it may help lower your interest rate - and give you a better chance of approval.
Cosigner release available
After graduation a borrower may apply for their cosigner to be released from the loan once they have made 12 consecutive, on-time principal and interest payments and meet certain credit requirements.
Parents - Looking for a loan for your child?
It's important to explore your options. Click here to learn about the differences between the Sallie Mae Smart Option Student Loan® and the PLUS Loan for Parents.