Sallie Mae Private Student Loans

Sallie Mae Smart Option Student Loan

Sallie Mae offers competitive private student loans to help cover education costs not met by federal aid. With flexible repayment options and no origination fees, Sallie Mae loans can bridge the gap between your financial aid package and your total cost of attendance.

Loan Options

Deferred Repayment

No payments while in school. Repayment begins 6 months after graduation or leaving school.

Best for: Students who need maximum flexibility

Variable: 4.50%–15.49% APR

Fixed Repayment

Pay $25/month while in school to reduce total loan cost.

Best for: Students who can afford small monthly payments

Variable: 4.25%–14.99% APR

Interest Repayment

Pay only interest while in school for the lowest total cost.

Best for: Students who want to minimize total interest

Variable: 3.99%–13.99% APR

Loan Payment Calculator

Monthly Payment
$56.77
Total Interest
$1812.88
Total Cost
$6812.88

* This calculator provides estimates only. Actual rates and payments may vary. Contact Sallie Mae for official quotes.

Apply Directly with Sallie Mae

Sallie Mae loan applications are processed directly through Sallie Mae's website. You'll need your school's information, which will be provided in your enrollment confirmation.