Sallie Mae – Apply for a Loan
Contact Information
Company
Sallie Mae Bank
Address
175 South West Temple, Suite 600, Salt Lake City, UT 84101
Website
https://www.salliemae.com
Sallie Mae – Repayment Schedule
Estimated monthly payments at APR 4.50%. Actual payment is determined at loan approval.
| Amount \ Term | 60 mo. | 84 mo. | 120 mo. |
|---|---|---|---|
| $10,000 USD | $186.43 | $139.00 | $103.64 |
| $20,000 USD | $372.86 | $278.00 | $207.28 |
| $30,000 USD | $559.29 | $417.00 | $310.92 |
| $40,000 USD | $745.72 | $556.01 | $414.55 |
| $50,000 USD | $932.15 | $695.01 | $518.19 |
| $60,000 USD | $1,118.58 | $834.01 | $621.83 |
Representative Example
Loan Amount
$5,500 USD
Repayment Term
60 months
APR
4.50%
Monthly Payment
$102.54
Total Interest Cost
$652.20
Total Amount Payable
$6,152.20
* This example is for illustrative purposes. APR includes the interest rate and any applicable fees. Actual terms are determined upon signing the loan agreement.
Quick Overview
Loan Amount
$1,000 USD – $65,000 USD
Term
60 – 180 months
APR from
4.50%
Approval
15 minutes
Eligible Age
18+ years
Online Application
Yes
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
Ready to apply?
Go to Sallie Mae Official Site ad