What is the Sallie Mae Debit Card?
The Sallie Mae Debit Card provides a simple and convenient way to access your refund disbursements. The Sallie Mae Debit Card is a re-loadable debit card that makes getting refund disbursements from your school easy. Refund disbursements may be automatically loaded onto your card throughout the school year, as determined by your school. You can use the funds to pay for books, housing, meals, travel, and any other expenses. Simply use your card to make purchases at MasterCard locations, withdraw cash at ATMs, shop online and through mail order, and pay your bills. You can give your parents and others the ability to load additional funds onto your card by using a credit card. Your funds are FDIC-insured up to $100,000 and, with the MasterCard Zero Liability policy, your funds are protected from theft or loss in the event that your card is lost or stolen (see the Terms & Conditions for details).
