Understanding the Servicemembers Civil Relief Act (SCRA)
The SCRA, enacted in 2003, is a federal law that provides protections for military members as they enter military service. Under SCRA guidelines, the interest rate on financial obligations obtained by a servicemember prior to military service is capped at 6% during eligible periods of military service.
Since January 2015, we’ve capped interest rates at 5% for accounts held by servicemembers eligible for the SCRA benefit—no matter when you opened your account. We extend the SCRA benefit for an additional year after military service ends and don’t charge any fees on eligible accounts.
Under the SCRA, "military service" includes:
- Full-time, active duty members of the five military branches (Army, Navy, Air Force, Marine Corps and Coast Guard)
- Reservists on federal active duty
- Members of the National Guard on federal orders for a period of more than 30 days
The SCRA also includes:
- Servicemembers absent from duty for a lawful cause or because of sickness, wounds, or leave
- Commissioned officers in active service of the Public Health Service (PHS) or the National Oceanic and Atmospheric Administration (NOAA)
- Individuals who co-signed a loan for, or took out a loan with, a SCRA-eligible servicemember
You can access and read a copy of the SCRA. For additional information regarding the SCRA, we recommend contacting Military OneSource.
Enroll in Sallie Mae SCRA benefits
You can request the SCRA benefit online or by calling us. You can also upload a copy of your military orders, if available, or send them by mail. Please refer to the specific contact information below.