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K-12 Family Education Loan℠

 
  • Flexible repayment terms
  • Competitive interest rates
  • No application fee

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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.

 
 

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.
No application fee or repayment fees
  • Pay off your balance at any time with no penalties.
  • Disbursement fees range from % to %.
Set up a free Upromise® account
  • Turn your everyday purchases into cash back that can help pay down your loan balance.
Enjoy Total Convenience
  • 24/7 online account management.
  • Easy online application—about 15 minutes is all you need.
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.

Interest Rates
  • Rates are variable, and start between LIBOR + % (% APR) to LIBOR + % (% APR).
Loan Limits
  • Borrow the money you need up to 100% the cost of your child's education (minimum $1,000).
Fees
  • No application fee.
  • Disbursement fees range from % to %.
Repayment Terms
  • No prepayment penalty.
  • You may take up to 3 years to repay your loan.
  • 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.
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 Started  

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.3

Enjoy total convenience

24/7 online account management.

Easy online application—about 15 minutes is all you need.

Get Started  

Interest Rates

Rates are variable, and start between LIBOR + 7.00% (7.25% APR) to LIBOR + 11.50% (13.82% APR).1

Loan Limits

Borrow the money you need up to 100% the cost of your child's education (minimum $1,000).

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.2

Get Started  

 
 

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 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.

3 Upromise is a rewards service of Sallie Mae, the nation's No. 1 financial services company specializing in education. Sallie Mae offers solutions that have helped more than 30 million customers save, plan and pay for college. To learn more about the benefits of Upromise, visit www.Upromise.com.

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

Information advertised valid as of 3/25/2014.

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.

K-12 Family Education Loan is a service mark of, and the Sallie Mae logo, Sallie Mae and Sallie Mae Bank are registered service marks of Sallie Mae, Inc.

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