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When you have expenses that aren’t covered by savings, financial aid, and traditional payment plans, get the money you need to help pay for your child’s private school education.

Get a variable interest rate

Variable interest rate:   
8.24% - 14.88% APR*

A variable interest rate can rise or fall as the market index changes, so your private school loan payments may vary over time.

Pay back your loan over three years*

Principal and interest repayment

Principal and interest payments begin within 30 days of when the loan is sent to the school.

In repayment Principal & interest

* This repayment example is based on a typical loan to a borrower for a $10,500 loan, with two disbursements, a 3% disbursement fee, and a 14.88% variable APR. It works out to 4 payments of $182.50, 31 payments of $383.73 and one payment of $355.23, for a Total Loan Cost of $12,980.86. Variable rates may increase over the life of the loan.

Benefit from these K–12 Family Education Loan features

Borrow up to 100% of the school-certified cost of your child’s private school kindergarten through grade 12 education.

Pay no application fee or penalty for paying off your private school loan before its due date. A disbursement fee of up to 3% may apply.*

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

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

Didn’t find what you were looking for? See all student loans.

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.

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. 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. You must be a U.S. citizen or permanent resident. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

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.

K-12 Family Education 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.