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Graduate Student Loans

Smart Option Student Loan®

When it comes to financing your graduate degree, finding a student loan that provides the best value is critical to helping you achieve your long-term professional goals. The Smart Option Student Loan® offers graduate students value — and much more — with:

  • Lower pricing for graduate students! Variable and fixed loan interest rates with APRs that can be lower than the PLUS Loan for highly qualified Graduate Students.1
    See how they compare
  • No origination fees.
  • A choice of three repayment options designed to save you money.2

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Residency and Relocation Loans®

Preparing to enter a residency program? A Residency & Relocation Loan can help pay for residency interview and relocation costs.

Learn more about medical school loans

Learn more about dental school loans

Bar Study Loan®

Preparing to take the bar exam? The Bar Study Loan is designed to help finance bar review courses, exam deposits and fees, and other costs associated with taking the bar exam.

Learn more about bar loans

Additional graduate student loan information

Flexibility is key to financing a graduate education — and no one knows this better than a graduate student. Sallie Mae's graduate student loans offer flexibility — and much more — enabling graduate students to select a student loan plan that best fits their financial and professional needs.

Graduate students can also benefit from a host of other loan benefits, including: competitive variable interest rates, a choice of credit-building loan repayment options, paid-interest tax deductions, and 24/7 access to convenient loan management resources.

 
 

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A cosigner can really pay off

A cosigner can help you qualify
Applying with a creditworthy cosigner may 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.3

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Weighing your options

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 Graduates.


Tools

Loan Repayment Calculator

 
 

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.

This information is for borrowers attending degree-granting institutions only. Applications are subject to a requested minimum loan amount of $1,000. Credit criteria and eligibility requirements apply.

1 Explore federal loans and compare to ensure you understand the terms and features. Smart Option Student Loans that have variable rates can go up after consummation. 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.

2 Interest rates for the Fixed and Deferred Repayment Options are higher than for loans with the Interest Repayment Option. Graduate student pricing on the Smart Option Student Loan is limited to students enrolling in a Masters/Doctorate level degree program. Graduate Certificate/Continuing Education course work is not eligible for graduate student pricing. Variable rates may increase after consummation. Interest is charged while you are in school and during the 6-month separation period. Any interest that remains unpaid when you enter full repayment will be added to your loan balance.

3 The release of a cosigner is at the sole discretion of Sallie Mae. Only the borrower may apply for cosigner release. The borrower must provide proof of graduation or successful completion of certification program, not be delinquent and have made 12 consecutive on-time payments of principal and interest immediately before applying, provide proof of income, pass a credit review that demonstrates a satisfactory credit history and the ability to assume full responsibility of the loan(s) individually, have no student loan(s) in default, must not be reported as 90+ days delinquent in the past 24 months, must not be in hardship forbearance and/or in a modified repayment program, be a U.S. citizen or permanent resident, and meet the age of majority in their state. Requirements are as of October 13, 2014, and are subject to change.

Smart Option Student Loans, Residency & Relocation Loans, and Bar Study Loans are made by Sallie Mae Bank or a lender partner.

Information advertised valid as of 3/25/2015.

WE RESERVE 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.

Sallie Mae, Smart Option Student Loan, Residency & Relocation Loan, Bar Study Loan, and the Sallie Mae logo are service marks or registered service marks of Sallie Mae Bank or its subsidiaries.