Student Loans

Now you can pay for college the smart way

When scholarships, federal loans, and financial aid don't cover all your expenses, the Smart Option Student Loan® by Sallie Mae® can make up the rest.

The Smart Option Student Loan® is the simple and smart school loan option for undergraduate students and an alternative to the PLUS Loan for graduate students.

With college costs growing fast, it's time to borrow smarter.

Graduate Student Loans

The Smart Option Student Loan® offers students in masters and doctoral programs value and choice of three repayment options.

  • An alternative to the PLUS Loan for graduate students
  • A choice of competitive, fixed and variable interest rates
  • No origination fees
  • Three repayment options
  • Earn rewards for paying on time
  • Free quarterly FICO® credit score and educational content
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Enrolled in a specialty graduate program?

Medical Residency & Relocation Loan®

Dental Residency & Relocation Loan®

 

Undergraduate Student Loans

The Smart Option Student Loan® offers students seeking associates and bachelors degrees savings, flexibility and more.

  • Borrow up to 100% of your school-certified cost of attendance (minimum $1,000)
  • A choice of competitive, fixed and variable interest rates
  • No origination fees
  • Three repayment options
  • Earn rewards for paying on time
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With Sallie Mae’s Smart Option Student Loan®, you can graduate with less debt and pay off your student loan faster. On average you can save hundreds, even thousands of dollars in repayment compared to a 15-year traditional private student loan where payments are deferred during school. It's an ideal solution if you have a gap when funding your education.

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Encouraging Responsible Borrowing

We encourage students and families to supplement their savings by exploring grants, scholarships, federal and state student loans, and to consider the anticipated monthly payments on their total student loan debt and their expected future earnings before considering a private education loan.