Who is Sallie Mae?
Sallie Mae is one of the largest lenders to students in the country, and they offer just about every type of loan imaginable. They’ve been lending since 1972, first as a government agency and then as a private lender, and offer some of the most comprehensive loan packages for students of all walks of life (Undergraduate, graduate, certificate programs, etc.). The Smart Option Loan requires immediate repayment (while you’re still in school) to reduce the amount of time it takes you to repay the loan, as well as keep your interest down. Private Loan Name: Smart Option Student Loan Loans for which students? Undergraduate, graduate, professional, study abroad, community college Minimum/Maximum Amount per Student: $1,000 – Cost of Attendance (less other financial aid) Rates: (varies depending on your credit history), 1 month LIBOR + 4% – 1 month LIBOR + 14% Loan Fees: 0%-5% Repayment Term: 5-15 years, repayment starts while you are in school Other Sallie Mae Loan Information: Borrowers have
