Sallie Mae Student Loans
Private student loans for undergraduate, graduate, and career training. Competitive rates with multiple repayment options during and after school.
Last checked on September 4, 2026. We may earn a commission when you click through.
Sallie Mae Student Loans
Updated 1 month agoAPR Range
2.99–16.38%
Amount
$1k–$200k
Term
60–180 months
Type
student
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Our Verdict
Sallie Mae offers a flexible range of private student loans with competitive rates, making it a solid choice for many borrowers.
Best For
These loans are ideal for undergraduate, graduate, and career training students looking for varied repayment options.
Watch Out
Be aware of the high maximum APR, which can reach up to 16.38%, potentially leading to significant repayment costs.
Full Review
Sallie Mae is a prominent provider of private student loans, catering to a wide audience including undergraduates, graduates, and those pursuing career training. One of the main advantages of Sallie Mae loans is their competitive interest rates, which start as low as 2.99% for qualified borrowers. This can make financing education more manageable compared to other options.
Additionally, the loan terms are flexible, ranging from 60 to 180 months, which allows borrowers to choose a repayment plan that fits their financial situation.
However, potential borrowers should note the maximum APR of 16.38%, which can be steep for those with less-than-perfect credit. This high rate could lead to substantial repayment amounts over the life of the loan. Furthermore, while Sallie Mae offers various deferment and forbearance options, these can sometimes lead to increased overall debt due to accrued interest.
In comparison to alternatives like federal student loans, which often have lower fixed rates and more borrower protections, Sallie Mae might not be the best option for everyone. It's essential for borrowers to carefully consider their credit score, potential repayment amounts, and explore all available options before committing. Overall, Sallie Mae can be a suitable choice for those who fully understand the terms and conditions and are prepared to manage their repayment responsibly.
Requirements
- US citizen or permanent resident (international students may apply with eligible cosigner)
- Age 18+
- Valid SSN
- Enrolled at least half-time at an eligible school
- Creditworthy or have a creditworthy cosigner
- Meeting satisfactory academic progress
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