Sallie Mae Student Loans

Student Loans for Borrowers with No Cosigner

  • Variable Rates: 1.13% APR – 11.23% APR. Fixed Rates: 4.25% APR – 12.60% APR. Lowest charges proven embrace the auto debit low cost.1
  • Choose from a number of reimbursement choices, together with no funds whereas at school1
  • No origination price or prepayment penalty2
  • Cover as much as 100% of your school-certified faculty 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 taking part degree-granting faculties. Students who usually are not U.S. residents or U.S. everlasting residents should reside within the U.S., attend a taking part 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 picture ID to confirm their id. 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 in the course of 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 will range exterior of that vary over the lifetime of the loan. Advertised APRs assume a $10,000 loan to a freshman with no different Sallie Mae loans. The borrower or cosigner should enroll in auto debit via Sallie Mae to obtain a 0.25 proportion level rate of interest discount profit. This profit applies solely throughout energetic reimbursement for so long as the Current Amount Due or Designated Amount is efficiently withdrawn from the approved bank account every month.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 obtainable for the loan.

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2Although we don’t cost a penalty or price in the event 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’t exceed the price of attendance much less monetary help acquired as licensed by the college. Sallie Mae reserves the correct to approve a decrease loan quantity than the school-certified quantity. Miscellaneous private bills (similar to a laptop computer) could also be included in the price of attendance for students enrolled not less than half time.

4This promotional profit is supplied without charge to debtors with new loans that disburse between May 1, 2021 and April 30, 2022. Borrowers usually are not 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 usually are not eligible for this profit. Chegg Study® provides knowledgeable Q&A the place students can submit as much as 20 questions per 30 days. No money worth. Terms and Conditions apply. Please go to for full particulars. This provide expires one yr after issuance.

Information marketed legitimate as of seven/1/2021


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 logos or service marks of their respective homeowners.

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Sallie Mae loans are made by Sallie Mae Bank.

Edvisors shouldn’t be the creditor for these loans and is compensated by Sallie Mae for the referral of Sallie Mae loan prospects.

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