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Partner with us / Sallie Mae

Sallie Mae

Sallie Mae is a consumer bank that helps families to borrow private education loans to fulfil the dream of higher studies into reality. Set up in 1972, it is the largest provider of private education loans in the United States.
Sallie Mae is the biggest student lender in the market today that offers undergraduate and graduate student loans with fixed and variable interest rates. It has been helping students and their families find the money they need to make the dream of a quality education a reality and manages more than 25 million borrowers across the U.S.

Why choose Sallie Mae for student loans

100% coverage for all school-certified expenses like tuition, fees, books, housing, meals, travel, and even a laptop.
No origination fees
No penalty for early repayment
Offers competitive interest rates
Cost-saving features
Provides multiple repayment options on loans for students

Sallie Mae helps students get to their dream school

From Our Partner Lenders

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Year of Establishment 2005 2001 2013
Student Loan Size $22.9 Billion $26 Billion $4.5 billion
Loan types Undergraduate, Career Training, Parent Loans, K12 Loans, MBA, Medical School, Medical Residency, Dental School, Dental Residency, Law School, Bar Study, Graduate All Graduate/Undergraduate studentswith atleast half-time enrolled in a degree program at an eligible institution. Undergraduate, graduate, MBA, law, dental, medical, international, refinancing, parent refinancing
Rate types Fixed and Variable Fixed and Variable Fixed and variable
Interest Rates* "Variable: 2.75% - 10.65%, Fixed :4.74% - 11.85%" Variable: 3.14% - 11.88%*, Fixed:4.09%- 13.03% * Variable: 2.74% ( Starting), fixed : 4.39% ( Starting)
Loan terms (Years) 5, 10, 15 5, 10, 15 5, 10, 15
Loan amounts $1000 up to the cost of attendance $2,000 to $200,000 $5,000 to school-certified cost of attendance
Application or origination fees No Fees No Fees No Fees
Discounts Autopay Autopay Autopay
Repayment Options - In-school interest only - in-school fixed -in-school deferment - immediate repayment "In-School Interest Only, Pay Deferred Repayment Minimum Payment ($25)" Yes, options available
Deferment or forbearance hardship options Available Available Available
Co-signer release ( Months plus timely payment) 12 Months 24 Months No Cosignor release
BBB rating A+ A+ A+

*As per last Update on 3/13/2020

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