Sallie Mae Smart Option Student Loan®
The innovative Sallie Mae SmartOption Student Loan® helps you save money, build your credit, and pay off your student loans faster. It's an ideal education funding solution if you still need funds after maximizing grants, scholarships, and federal loans.
With the Sallie Mae Smart Option Student Loan®, you can borrow up to the full cost of your education, less other aid received 1 . Designed to help you graduate with less student loan debt and help you pay it off faster, the Smart Option Student Loan requires making interest-only payments while in school and during the six-month separation period to avoid capitalized interest. A creditworthy cosigner may also help you qualify and/or receive a lower interest rate.
Sallie Mae Smart Option Loan for College® Eligibility
- 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.
- U.S. citizens enrolled in eligible study abroad programs or studying at medical schools outside the United States are also eligible.
- International students are eligible with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and appropriate U.S. Citizenship and Immigration Service documentation
- You must meet current credit and other eligibility criteria.
Borrow as much as you need to pay for your education, up to the cost of attendance 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.
Sallie Mae Smart Option Student Loans are made by Sallie Mae Bank.
Borrower benefit information may change at any time. Please view Smart Option Program Details for additional information..
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES AND BORROWER BENEFITS (INCLUDING INTEREST RATE REDUCTIONS) AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE (SALLIEMAE.COM) 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.
Sallie Mae, Sallie Mae Smart Option Student Loan, Smart Option Student Loan and Sallie Mae Bank are registered service marks of Sallie Mae, Inc. Upromise and Upromise Loan Link are registered service marks of Upromise, Inc. SLM Corporation and its subsidiaries, including Sallie Mae, Inc., are not sponsored by or agencies of the United States of America. © Sallie Mae, Inc. All rights reserved.