Eligibility

• You must attend an eligible community college or a four- or five-year college at least half time and be working toward your degree.
• You must meet current credit criteria.
• You must be making progress toward a degree.

Benefits

• No income requirement.
• Cosigner release available after the first 24 on-time payments of principal and interest.
• No payments required while in school.
• You can borrow as much as you need to pay for the cost of your education as certified by your school.
• Flexible repayment options.
• Upromise Loan Link allows you to pay down your loan with everyday purchases.

Features

• Easy, secure online applications with fast credit decision and electronic signature.
• Available for U.S. students in study abroad programs.
• Available to international students with an eligible cosigner.
• Easy online account management 24/7.
• Convenience of having all your student loans in one place and receiving one monthly bill when your Stafford loans are serviced by Sallie Mae.

Loan terms

Aggregate loan limits

Community colleges

• $50,000

Four- and five-year colleges

• $100,000 for undergraduates.*
• $150,000 for graduate students.*
• $220,000 for graduate health disciplines.*

*Includes all private student loan debt.

Interest rate

• Interest rates are variable and based on either the Prime or LIBOR rate.
• Manage your credit well and get a lower interest rate.
• Make interest payments during school so you have a lower amount to repay.

Fees

Usually 0%; a fee may be assessed depending on credit history.

Repayment

• Standard repayment term of 15 years, with the option to extend terms (up to 30 years) for higher aggregate loan balances.
• Prepay your loan at any time without penalty.

Another way to help pay down your loan

With Upromise Loan Link^SM 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.