Loans/student/Sallie Mae Student Loan
Student Loan
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Sallie Mae Student Loan

Sallie Mae

4.4
(18,900 reviews)

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Loan Details at a Glance

APR Range

4.5% - 15.49%

Loan Amount

$1K - $150K

Loan Terms

5 - 15 years

Min. Credit Score

650

Overview

Sallie Mae is a leading student loan provider offering competitive rates and flexible repayment options for students and parents.

Best for: Undergraduate and graduate students seeking flexible repayment terms

Pros & Cons

Pros

  • Flexible repayment options
  • No fees
  • Rewards for good grades
  • Fast approval process

Cons

  • Variable rates can increase
  • Cosigner often required
  • Limited forbearance options

Key Features

  • No origination fees
  • Multi-year approval option
  • Competitive interest rates
  • Deferment options
  • Cosigner release after 12 payments

Common Uses

Tuition
Room and board
Books and supplies
Living expenses

Frequently Asked Questions

Ready to Apply?

Soft credit check
No impact on credit score
7-10 business days

Checking rates won't affect your credit score

Loan Terms

Origination Fee:0%
Prepayment Penalty:None
Funding Speed:7-10 business days