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When savings, scholarships, and federal aid aren’t enough, get the money you need to help pay for business school. You can choose to make your MBA Loan payments in school or defer until after you leave, and select a variable or fixed interest rate, whichever works best for you.

Choose a variable or fixed interest rate

Variable interest rate:   
3.25% - 8.21% APR*

Benefit
Your starting MBA Loan interest rate may be less than a fixed interest rate, which could result in a lower total student loan cost.

Consideration
Your interest rate can rise or fall as the market index changes, so your MBA Loan payments may vary over time.

Fixed interest rate:   
5.74% - 8.56% APR*

Benefit
Get predictable monthly payments with an MBA Loan interest rate that doesn’t change over time.

Consideration
You may pay more for your total MBA Loan cost because a fixed interest rate is usually higher than a starting variable interest rate.


If you’re highly qualified, you may receive a lower interest rate than with a Federal PLUS Loan for Graduates.

Compare graduate student loan options

Pay it back now or later

Deferred repayment option

In school In grace After school No payments Principal & interest

Make no scheduled MBA Loan payments while you’re in school and in grace (six months after leaving school).*

With this MBA Loan repayment option, you'll likely pay more for your total student loan cost, since the interest rate may be higher and unpaid interest will continue to be added to your principal amount at the end of your grace period.

Fixed repayment option

In school In grace After school $25 a month** Principal & interest

Pay $25 every month** you're in school and in grace, and you can save an average of more than 9%*** on your total MBA Loan cost, compared to our deferred repayment option.*

While your total loan cost will be less than with our deferred repayment option, unpaid interest will be added to your principal amount at the end of your grace period.

Interest repayment option

In school In grace After school Pay interest monthly Principal & interest

Pay your MBA Loan interest every month you're in school and in grace. Your interest rate will be 0.50 percentage points lower than with the deferred repayment option* and you can save an average of more than 10%*** on your total graduate student loan cost, compared to our deferred repayment option.*

Your total loan cost will likely be lower than with the other repayment options, but your MBA Loan payments will likely be larger while you’re in school and in grace.


* 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 and during your six-month separation or grace period. 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 APRs assume a $10,000 loan to a first-year graduate with no other Sallie Mae loans. Graduate student pricing for this loan is limited to students enrolling in a Masters/Doctorate level degree program. Graduate Certificate/Continuing Education course work is not eligible.

** This repayment example is based on a typical loan to a first-year graduate borrower who chooses a variable rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 7.12% variable APR. It works out to 27 payments of $25.00, 59 payments of $216.41 and one payment of $200.56, for a Total Loan Cost of $13,643.75. Variable rates may increase over the life of the loan.

*** Savings based on a typical loan to a first-year graduate student.

Benefit from these Sallie Mae MBA Loan features

Lower your total student loan cost—get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.

Pay no origination fee or penalty for paying off your MBA Loan before its due date.

Borrow from $1,000 up to 100% of the school-certified cost of attendance.

Track your credit health with quarterly FICO® Credit Scores available online for free to you and your cosigner.

Request to make 12 monthly interest-only payments after you graduate.

Ways to make your MBA degree happen

A cosigner may be a good option

Graduate borrowers are four times more likely than undergraduates to be approved on their own. However, if your credit isn’t strong, you may have a better chance of approval if a parent, spouse, or other creditworthy individual cosigns your MBA Loan.

Consider a cosigner

Creditworthy individuals can help

A creditworthy individual can help you pay for your MBA by taking out a Sallie Mae Parent LoanSM in their name.

Learn about the Sallie Mae Parent Loan

Study StarterTM

Jump-start your studies with a choice of up to 120 free minutes of live online help from Chegg TutorsTM or free access to Chegg Study® with guided Textbook Solutions.

Learn about Study Starter

Applying online is easy

is about all it takes to apply and get
a credit result.

of customers would recommend our online loan application process.

Source: Sallie Mae online loan application surveys, July 2016 – June 2017.

Questions? Need help applying?

Call us at 877-279-7172

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.

This information is for borrowers attending degree-granting institutions only. You must be attending or have attended a participating school located in the U.S. during an eligible prior enrollment period. You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. U.S. citizens and permanent residents enrolled in eligible study abroad programs or who are attending or have attended schools located outside the U.S. are also eligible. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

Explore federal loans and compare to ensure you understand the terms and features. MBA 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 / Graduated Repayment and Extended 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.

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, and may therefore be suspended during a forbearance or deferment period.

Sallie Mae reserves the right to approve a lower loan amount than the school-certified amount.

Borrowers and cosigners who have an available FICO® Score, 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.

Available for loans made to students attending a degree-granting institution. Graduated Repayment Period (GRP) allows interest-only payments for the initial 12-month period of repayment when the loan would normally begin requiring full principal and interest payments (which typically begins six months after graduation) or during the 12-month period after GRP request is granted, whichever is later. At the time of GRP request, the loan must be current and the borrower must have graduated with no interruption in enrollment and not be more than 30 days delinquent on any student loan. The borrower may request GRP only during the two billing periods immediately preceding and the two billing periods immediately after the loan would normally begin requiring full principal and interest payments. GRP does not extend the loan term. If approved for GRP, the Current Amount Due that is required to be paid each month after the GRP will be higher than it otherwise would have been without GRP, and the Total Loan Cost will increase.

Based on a rolling 12-month period from October 1, 2015 through September 30, 2016.

This promotional benefit is provided at no cost to borrowers with loans that first disburse between May 8, 2017 and April 30, 2018. Borrowers who reside in or attend school in Maine are not eligible for this benefit. No cash value. Terms and Conditions apply. Please visit chegg.com/salliemae/termsandconditions for complete details. This offer expires one year after issuance.

MBA Loans are made by Sallie Mae Bank or a lender partner.

Information advertised valid as of 10/25/2017.

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.