Sallie Mae – Personal Loan
Sallie Mae is the largest US private student lender, offering loans for undergraduate, graduate, K-12, and career training with multiple repayment options.
Applying does not obligate you to accept a loan offer.
Sallie Mae Student Loan – Review 2026
Sallie Mae is the most widely used private student lender in the United States. Originally a government-sponsored entity (now Sallie Mae Bank), it offers private student loans for nearly every type of education — undergrad, grad, MBA, medical, dental, law, and K-12.
Repayment Options
Sallie Mae offers three in-school repayment options: defer payments, $25 fixed payments while in school, or interest-only payments. The 6-month grace period after graduation gives borrowers time to find work.
✓ Pros
- Largest US private student lender
- Many education types
- No origination fees
- Multi-year option
✗ Cons
- Higher max APR (16.74%)
- No cosigner release
- Variable rates may rise
Loan Example
Example: $15,000 undergrad loan over 10 years at 9.99% APR = monthly payment of $198.18, total payable $23,781.60.
Eligibility Requirements
- ✓ Age 18+ years
- ✓ US citizen or permanent resident
- ✓ Enrolled in eligible school
- ✓ Credit check (cosigner often required)
- ✓ Acceptable academic standing
Loan Features
- Loans for every type of education
- Three in-school repayment options
- 6-month grace period
- No origination fees
- Multi-year approval
Frequently Asked Questions
15 minutes after submitting your application.
The minimum amount at Sallie Mae is $1,000 USD.