Sallie Mae Smart Option Student Loan SM

Private Student Loans can make up the difference between total cost of school and any financial aid that the student may receive.

With this school-certified loan, student can borrow up to the full cost of their education, less other aid received l

Summary Information:


  • pricing that rewards creditworthy begins after graduation or separation from school for most lender programs: 1

  • applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate

  • borrowers may apply for a cosigner release after successful completion of their education 4

  • a 0.25% percentage point interest rate reduction is available for automatic debit 2

  • a 0.25% percentage point interest rate reduction is available if the borrower provides a valid e-mail address and elects to receive all servicing communications via e-mail 3


  • easy online application with fast credit decision and electronic signature ("eSign")

  • 24/7 online account management

  • combined billing is available for Sallie Mae-serviced student loans

  • no prepayment penalty

  • you may be able to deduct the interest you pay on a qualified student loan 5


  • you must attend an eligible community college, traditional college or university, or eligible graduate program at least half-time.

  • in some circumstances, the Smart Option Student Loan is available to less than half-time students. Contact your financial aid office for more information.

International Study:

  • available for U.S. citizens enrolled in eligible study abroad programs or studying at medical schools outside the U.S.

  • international students are eligible with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and U.S. Citizenship & Immigration Service (USCIS)
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Apply Now Private Student Loans

to finance your college now!


Best Way to Apply


start their application online
fill in all the information
related to your funding needs and save your application

get your parent or another co-signer to retrieve the saved application. Parent or co-signer completes their section and submits


upon approval, your application will be electronically sent to your school for certification - upon certification, funds will be sent to the student or college



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