Undergraduate Student Loans from Sallie Mae

Those who aspire to higher education know that college costs don't come cheap. That's why Sallie Mae makes the undergraduate student loan available to you, which covers your academic expenses and gives you 4 months of free Chegg aid.

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General
APR: 4.50%
Interest: 4.50%
Loan commissions
Study commission: $ 0
Opening commission: $ 0
Commission for advance payment: $ 0
Loan limits
Minimum amount: $ 1,000
Maximum amount: Consult
Minimum of months: 12
Maximum of months: Consult

Undergraduate Student Loans Info

Any student who resides in the United States and attends an online/offline degree-granting academic institution can apply for the Sallie Mae Smart Option Student Loan.

Undergraduate loan from Sallie MaeTo do so, you must have a current photo ID and a cosigner with citizenship/permanent residency.

This academic financing features 3 basic aspects:

  • 100% coverage: you can pay for all expenses associated with your degree, including tuition, food, housing, books, transfers, fees and a laptop.
  • Discounts: when repaying, you have the opportunity to reduce the APR by 0.25% by enrolling in auto debit with Sallie Mae. You also save more when you opt for fixed or interest-only repayment rather than deferred repayment.
  • Annual application: You can get the money you need each year by requesting it when it's due. Undergraduate students who repeat the process with a co-signer have a 96% approval rate.

Along with this, there are 3 options for repaying the money: deferred repayment (costs you more), fixed repayment ($25 installments) and interest-only (you save up to 12%).

There are also other relevant facts:

  • The money is sent directly to the school/college.
  • Having a co-signer gives you up to 4 times the chance of approval.
  • Funding cannot exceed tuition or any minor financial aid.

If you want to have a college degree, Sallie Mae's undergraduate student loan supplements any financial aid you have.

Español: Préstamo para estudiantes no licenciados de Sallie Mae