Benefits for our servicemembers

Get to know the Servicemembers Civil Relief Act (SCRA)

The SCRA, enacted in 2003, is a federal law that protects military members when they enter military service. Under SCRA guidelines, the interest rate on a servicemember’s financial obligations obtained prior to military service is capped at 6% during eligible periods of military service.

Since January 2015, we’ve capped interest rates at 5% for accounts held by servicemembers eligible for the SCRA benefit—no matter when you opened your account. We extend the SCRA benefit for an additional year after military service ends and don’t charge any fees on eligible accounts.

Under the SCRA, "military service" includes the following:

• Full-time, active duty members of the six military branches (Army, Navy, Air Force, Marine Corps, Space Force, and Coast Guard)
• Reservists on federal active duty
• Members of the National Guard on federal orders for a period of more than 30 days

The SCRA also includes the following:

• Servicemembers absent from duty for a lawful cause or because of sickness, wounds, or leave
• Commissioned officers in active service of the Public Health Service (PHS) or the National Oceanic and Atmospheric Administration (NOAA)
• Individuals who co-signed a loan for, or took out a loan with, an SCRA-eligible servicemember

You can access and read a copy of the SCRA. For additional information about the SCRA, we recommend contacting Military OneSource.

Enroll in Sallie Mae SCRA benefits

Download the SCRA Notice of Eligibility form here and be sure to have it completed by your Commanding or Personnel Officer. The SCRA benefit can also be requested online or by calling us. You can securely upload a copy of your military orders, if available, or send them by mail. Please refer to the specific contact information below.