Sallie Mae Home  Undergraduates  Smart Option Student Loan  Career Training Smart Option Student Loan  Graduates  Smart Option Student Loan  Medical Residency & Relocation Loan  Dental Residency & Relocation Loan  Bar Study Loan  K-12  Managing Your Loans  Banking  Insurance  Credit Cards  Upromise Rewards  Plan for College  Saving for College  Scholarships for College  College Grants  Financial Aid  Types of Student Loans  The College Planning Toolbox  How America Pays for College  How America Saves for College   Contact Us  Feedback 
Manage & Pay Loans  Banking  Upromise Rewards  Activity Center Login  Complete Your Application  Check Your Loan Status  eSign Your Loan  Cosign Existing Loan 

K-12 Family Education Loan℠

Paying for K-12 private school tuition & expenses

Sallie Mae’s K-12 Family Education Loan is an ideal solution for families who need additional flexibility in paying for private education beyond financial aid, personal savings, or traditional payment plans. Get the money you need for tuition, books, computers, musical instruments, sports, room and board, and extracurricular activities.

Flexible repayment terms

  • You decide the repayment term that best fits your needs. Repayment terms range from 1-3 years.1

No application fee or repayment fees

  • Pay off your balance at any time with no penalties.
  • Disbursement fees range from 0.00% to 3.00%.1

Set up a free Upromise® account

  • Turn your everyday purchases into cash back that can help pay down your loan balance.2

Enjoy total convenience

  • 24/7 online account management.
  • Easy online application—about 15 minutes is all you need.

Interest rates

  • Rates are variable, and start between 7.25% APR 13.82% APR.1

Loan limits

  • Borrow the money you need up to 100% the cost of your child's education.

Fees

  • No application fee.
  • Disbursement fees range from 0.00% to 3.00%.1

Repayment terms

  • No prepayment penalty.
  • You may take up to 3 years to repay your loan.1
  • Principal and interest payments begin within 30 days of first disbursement.

Eligibility

  • You must be a U.S. citizen or permanent resident and meet current credit and other eligibility criteria.
  • Applicants must be able to provide proof that the student is enrolled at an eligible school, either through school certification or by providing an enrollment agreement or tuition bill.3

 

Get Started  

 
 

Have questions?

Get help deciding which loan is right for you.
Call us at (877) 279-7172(877) 279-7172


Browse loan FAQs


Already applied?

Complete your application

Manage your loan

Log in to your account


Tools

College Planning CalculatorSM

 
 

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.

1 This informational repayment example uses typical loan terms available for the K-12 Family Education Loan and has a $10,500 loan with one disbursement, a 3% disbursement fee, and a 12.80% variable APR: 35 payments of $352.79, and one payment of $352.78, for a total paid of $12,700.43. Variable rates may increase after consummation.

2 Upromise is a rewards service of Sallie Mae, the nation's savings, planning, and paying for college company. Sallie Mae has helped more than 30 million Americans pay for college since 1972. To learn more about the benefits of Upromise, visit www.Upromise.com.

3 All institutions must be licensed or accredited by the department of education in the states in which they operate, if required by that state, or must be accredited by a recognized national education association. Applications are subject to a requested minimum loan amount of $1,000. Credit criteria and eligibility requirements apply.

K-12 Family Education Loans are made by Sallie Mae Bank.

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, K-12 Family Education Loan, and the Sallie Mae logo are service marks or registered service marks of Sallie Mae Bank or its subsidiaries.

Upromise and the Upromise logo are registered service marks of Upromise, Inc.