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Sallie Mae Private Student Loans Help Students and Families Cover College Costs

Sallie Mae Awards $100,000 to Help High School and College Graduates Fund Their Futures

Competitive Rates, No Origination Fee, and Repayment Flexibility Make Sallie Mae’s Private Student Loans the Responsible Choice

While the landscape may look different this fall, more than 80% of families are making plans to attend college this year. Inevitably, the conversation turns to how families will pay for that education. After scholarships, grants, and federal financial aid, private student loans like those offered by Sallie Mae, can be a smart and responsible option to cover remaining costs. And with variable interest rates near historic lows, now is the time for families to explore their options.

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“While colleges and universities assess and adjust plans for the fall semester, one thing is clear, families are unwilling to let coronavirus’ disruption steer them off course”

“While colleges and universities assess and adjust plans for the fall semester, one thing is clear, families are unwilling to let coronavirus’ disruption steer them off course,” said Jennifer O’Donald, senior vice president, Sallie Mae. “Sallie Mae is well-capitalized and committed to offering competitively priced private student loans that students and families expect and trust from the market leader. Even if college may look different than planned this fall, Sallie Mae stands ready to help families take that next step with confidence and peace of mind.”

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With competitive variable and fixed rates, Sallie Mae’s private student loans for college have no origination fees or prepayment penalties. Whether attending school online or on campus, Sallie Mae’s Smart Option Student Loan is available to undergraduate students attending degree-granting institutions and can cover all school-certified expenses for the school year, including tuition, fees, books, supplies, housing, meals, travel, and other expenses. Sallie Mae also offers a private Parent Loan, a Career Training Loan, and a suite of Graduate Loans with competitive variable and fixed interest rates, no origination fee, and a choice of repayment options.

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