Tutorial financing loan
Tutoring centers can provide the skills to do better in school and on standardized tests. Those enhanced skills can translate into the confidence to do better in all aspects of life. With the Tutorial Financing Program, the cost of going to a tutorial center does not have to be an obstacle.
Eligibility
Applicants must be able to provide proof that the student is enrolled at an eligible tutoring center. This may be any document that displays the student's name, enrollment period, and the name of the tutoring center, such as a tuition bill.
Benefits
- Competitive interest rates that reward creditworthiness.
- If you do not have an established credit history, applying with a creditworthy cosigner may help you qualify for the loan. Even if you have an established credit history, you may be eligible for a lower interest rate if you apply with a creditworthy cosigner.
- Creditworthy borrowers may request a cosigner release from the loan obligation after making the first 24 consecutive payments of principal and interest on time.1
Features
- Easy online applications with fast credit decision and electronic signature.
- Borrow for both tuition and other education-related expenses.
- No prepayment penalty.
- 24/7 online account management.
- Combined billing when you have multiple Sallie Mae-serviced student loans.
Loan terms
Loan limit
There is no aggregate loan limit.
Interest rate
- The Tutorial Financing Loan has interest rates that reward good credit. Interest rates are variable and reset monthly.
- Contact your Center Director for specific information regarding rates and fees.
Repayment
- You may take up to 15 years to repay your loan.
- Flexible repayment options are available.
Another way to help pay down your loan
With Upromise Loan LinkSM student and parent borrowers who join Upromise® can link their Sallie Mae loan account to their Upromise account and use their Upromise rewards to help pay down their eligible Sallie Mae-serviced student loans. Visit www.salliemae.com/upromise to learn more and enroll today.
Legal
1 The account must remain current until the request for release is processed. Borrower credit qualification applies. Borrower must be a U.S. citizen or permanent resident at the time the cosigner release request is processed.
The Tutorial Financing Loan is made by Sallie Mae Bank® or a Sallie Mae lender partner.
Access to Upromise is not limited to Sallie Mae loan customers. Terms and conditions apply.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS, UPROMISE LOAN LINK, AND BORROWER BENEFITS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS.
Subject to the above, Tutorial Financing Loan information applies to loan applications received on or after June 22, 2008 and is subject to change.
Sallie Mae and Sallie Mae Bank are registered service marks. Upromise and Upromise Loan Link are service marks or registered service marks of Upromise, Inc.