Sallie Mae Student Loans

Parent PLUS Loans vs Private Student Loans

  • Variable Rates: 1.13% APR – 11.23% APR. Fixed Rates: 3.50% APR – 12.60% APR. Lowest charges proven embody the auto debit low cost.1
  • Choose from a number of reimbursement choices, together with no funds whereas in class1
  • No origination charge or prepayment penalty2
  • Cover as much as 100% of your school-certified school bills like tuition, charges, books, housing, meals, journey, and even a laptop computer for your complete college yr3
  • The solely undergraduate student loan that gives 4 months of Chegg® research assist 4

This loan is for undergraduate students at collaborating degree-granting faculties. Students who will not be U.S. residents or U.S. everlasting residents should reside within the U.S., attend a collaborating college within the U.S., apply with a creditworthy cosigner (who should be a U.S. citizen or U.S. everlasting resident) and supply an unexpired government-issued photograph ID to confirm their identification. Applications are topic to a requested minimal loan quantity of $1,000. Current credit and different eligibility standards apply.

1Interest is charged beginning when funds are despatched to the college. With the Fixed and Deferred Repayment Options, the rate of interest is larger than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal on the finish of the grace/separation interval. Payments could also be required through the grace/separation interval relying on the reimbursement possibility chosen. Variable charges might improve over the lifetime of the loan. Advertised variable charges replicate the beginning vary of charges and should range exterior of that vary over the lifetime of the loan. Advertised APRs assume a $10,000 loan to a borrower who attends college for 4 years and has no prior Sallie Mae loans. The borrower or cosigner should enroll in auto debit by Sallie Mae to obtain a 0.25 share level rate of interest discount profit. This profit applies solely throughout lively reimbursement for so long as the Current Amount Due or Designated Amount is efficiently withdrawn from the approved bank account every month. It could also be suspended throughout forbearance or deferment, if accessible for the loan.

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2Although we don’t cost a penalty or charge should you prepay your loan, any prepayment will likely be utilized as outlined in your promissory note-first to Unpaid Fees and prices, then to Unpaid Interest, after which to Current Principal.

3Loan quantity can not exceed the price of attendance much less monetary help obtained as licensed by the college. Sallie Mae reserves the best to approve a decrease loan quantity than the school-certified quantity. Miscellaneous private bills (reminiscent of a laptop computer) could also be included in the price of attendance for students enrolled no less than half time.

4This promotional profit is offered for gratis to debtors with undergraduate or guardian loans with a primary disbursement between May 1, 2021 and April 30, 2022. Borrowers will not be eligible to activate the profit till July 1, 2021. Borrowers who reside in, attend college in, or borrow for a student attending college in Maine will not be eligible for this profit. Chegg Study® affords skilled Q&A the place students can submit as much as 20 questions per thirty days. No money worth. Terms and Conditions apply. Please go to http://www.chegg.com/legal/smtermsandconditions for full particulars. This provide expires one yr after issuance.

Information marketed legitimate as of 8/25/2021

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.

Sallie Mae, the Sallie Mae brand, and different Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All different names and logos used are the emblems or service marks of their respective house owners.

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Sallie Mae loans are made by Sallie Mae Bank.

Edvisors isn’t the creditor for these loans and is compensated by Sallie Mae for the referral of Sallie Mae loan clients.

© 2021 Sallie Mae Bank. All rights reserved. SLM Corporation and its subsidiaries, together with Sallie Mae Bank will not be sponsored by or companies of the United States of America.

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