Need money for school?
You have options.
Choose smart.
The Sallie Mae Smart Option Student Loan® can provide the money you need if you still have a gap after scholarships, grants, and federal aid.(1) With the Smart Option Student Loan®, you can significantly reduce your total loan cost and free yourself from student loan debt faster.Designed to help shorten the amount of time it takes to pay off the loan and avoid capitalized interest, the Smart Option Student Loan requires interest-only paymentswhile you are in school. This means you can save significantly by selecting the smartest student loan.
Apply with a creditworthy cosigner to increase the likelihood of:
- A lower interest rate
- Loan approval
- An opportunity to build your credit
Applying is quick and easy. Twenty minutes should be all the time you need to complete
the application and you could have your credit decision in a short amount of time.
USE AUTOMATIC DEBIT AND SAVE
A 0.25 percentage point interest rate reduction is available when payments
are made on your Sallie Mae Smart Option Student Loan by automatic debit.2
Click on the "Smart Option Student Loan" banner at the top of the page to apply now!
1 Borrow up to the cost of attendance (minimum $1,000) as certified by your school and confirmed by Sallie Mae, less other financial aid received. Sallie Mae reserves the right to approve a lower loan
amount than what the school has certified.
2 The automatic debit benefit is available for as long as the monthly payment amount is successfully deducted from the designated bank account. Borrowers can elect to make payments via automatic
debit through Sallie Mae’s online account management system. This benefit lowers the loan’s interest rate but does not change the amount of the monthly payment. This benefit is suspended during
periods of forbearance and certain deferments.
You must attend an eligible school, be an undergraduate student or attending an eligible associate, graduate or technical/trade program at least half time. In some circumstances, the Smart Option
Student Loan is available to less-than-half-time students and students enrolled in a continuing education program.
Sallie Mae Smart Option Student Loans are made by Sallie Mae Bank® Your bank is compensated for the referral of Smart Option Student Loan Customers.
Borrower benefit information is valid as of October 26, 2009.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES AND
BORROWER BENEFITS (INCLUDING INTEREST RATE REDUCTIONS) AT ANYTIME WITHOUT NOTICE . APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE CLOSE TO THEIR LOAN APPLICATION DATE AND AGAIN PRIOR TO DISBURSEMENT TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING
PRODUCTS, SERVICES, AND BORROWER BENEFITS.
The Sallie Mae logo, Sallie Mae, Sallie Mae Smart Option Student Loan, and Smart Option Student Loan are registered service marks and Dream. Invest. Succeed. is a service mark of Sallie Mae, Inc.
SLM Corporation and its subsidiaries, including Sallie Mae, Inc., are not sponsored by or agencies of the United States of America. © 2010 Sallie Mae, Inc. All rights reserved. GCR2164 01/10
