What are the different types of Sallie Mae loans?

Sallie Mae private student loans for degree-granting schools. Federal student loans (Direct Subsidized, Unsubsidized, or PLUS) Fixed and variable rates : Auto debit discount . Interest, Fixed, or Deferred Repayment Options available to students during school : Origination fee : Less-than-half-time enrollment eligibility

When do you get approved for a Sallie Mae loan?

You must apply for a new loan each school year. This approval percentage is based on students with a Sallie Mae undergraduate loan in the 2017/18 school year who were approved when they returned in 2018/19. It does not include the denied applications of students who were ultimately approved in 2018/19.

How does a Sallie Mae smart option student loan work?

You’ve done your research, submitted your application, and your Sallie Mae ® Smart Option Student Loan ® was approved. Here’s what happens before your funds are sent to your school.

What kind of degree can you get with Sallie Mae?

For bachelor’s and associate’s degrees, or a certificate at a degree-granting school For professional training or certificate courses (culinary, aviation, technical, etc.) at a non-degree-granting school For medical, dental, health professions, MBA, Law, and master’s/doctorate degree expenses

Can a Sallie Mae student loan be used for Graduate School?

Whether you’re studying online or on campus, Sallie Mae’s student loans can help you cover up to 100% of your college and graduate school-certified expenses, from a bachelor’s to a graduate degree. Skip to main content Skip to login

How can I get a deferment on my Sallie Mae loan?

You can request a deferment for a Smart Option Student Loan ® or a Sallie Mae graduate student loan if you’re enrolled full-time or half-time. Your school will need to verify that you’re enrolled at least half-time. If your school is listed at studentclearinghouse.org, they’ll verify it electronically.

What kind of a company is Sallie Mae?

Founded as a government agency to fund education loans, Sallie Mae is now a private, publicly traded corporation that provides private student loans and other financial services. The company offers private education loans, student loans, banking services, financial aid assistance, and college planning services, among others.

How long does it take to pay Sallie Mae Parent Loan?

Get budget flexibility—make interest-only payments while your student is in school for up to 48 months, and then principal and interest payments for the remaining life of the loan. It may take longer to pay of your Parent Loan than with the principal and interest repayment option.