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Online Degree Navigator can help you find the student loan to meet your educational goals and objectives. Federal and private student loans are available to undergraduate and graduate students. When it's time to pay for school, there is a simple way to cut through all the financial information. It's as easy as "get the cheapest money first." And that's as easy as Sallie Mae's 1-2-3 approach to paying for college.SM With Sallie Mae's 1-2-3 approach to paying for college, students and families will tap the most affordable education funds first and minimize education loan debt upon graduation. |
Sallie Mae's 1-2-3 approach to paying for college:
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Use Free Money First. Students should fill out the FAFSA to access need-based grants and research and apply for scholarships. Students should consider supplementing and grants with current income and college savings. |
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Explore Federal Loans. Available to both students and parents regardless of need, federal loans offer low, fixed interest rates and flexible repayment options. |
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Fill Any Gap With Private Loans. After students have pursued free money and federal loans, private student loans may be available to cover the rest of their education costs. |
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Sallie Mae Smart Option Student Loan: A Smart Investment in Your Future
The innovative Smart Option Student Loan helps you save money, build your credit, and pay off your student loan faster. It's an ideal education funding solution if you still need funds after maximizing grants, scholarships, and federal loans.
What are the Key Features of the Smart Option Student Loan?
- Easy online application with fast credit decision and electronic signature ("eSign") available.
- Borrow as much as you need to pay for your education, up to the cost of attendance as certified by your school and confirmed by Sallie Mae, less other financial aid received.1
- Pricing that rewards creditworthy borrowers.
- Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate.
- A 0.25 percentage point interest rate reduction is available for automatic debit.2
- You may be able to deduct the interest you pay on a qualified student loans.3
- No prepayment penalty.
Why Choose Sallie Mae for your Student Loan?
- For over 35 years, Sallie Mae has helped over 31 million students achieve their dream of a higher education.
- As the nation's leading provider of Saving, Planning, and Paying for EducationSM programs, Sallie Mae is an active investor in your potential.
- Whether you're trying to understand the full cost of your education, thinking about how to fund that education, or even figuring out your best loan payment strategy, Sallie Mae has a solution for you.
- Borrow as much as you need to pay for your education, up to the cost of attendance as certified by your school and confirmed by Sallie Mae, less other financial aid received. Sallie Mae reserves the right to approve a lower loan amount than what the school has certified.
- The automatic debit benefit is available for as long as the borrower's monthly payment amount is successfully deducted from the designated bank account. Borrowers can elect to make payments via automatic debit through Sallie Mae's online account management system. This benefit lowers the borrower's interest rate but does not change the amount of the monthly payment. This benefit is suspended during periods of forbearance and certain deferments.
- Consult your financial advisor for more information or visit www.irs.gov/pub/irs-pdf/p970.pdf.
Sallie Mae Smart Option Student Loans are made by Sallie Mae Bank or a Sallie Mae lender partner. Online Degree Navigator is compensated for the referral of Smart Option Student Loan Customers.
Borrower benefit information is valid as of October 26, 2009.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BORROWER BENEFITS (INCLUDING INTEREST RATE REDUCTIONS) AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE CLOSE TO THEIR LOAN APPLICATION DATE AND AGAIN PRIOR TO DISBURSEMENT TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING PRODUCTS, SERVICES, AND BORROWER BENEFITS.
Sallie Mae, Sallie Mae Smart Option Student Loan, Smart Option Student Loan and Sallie Mae Bank are registered service marks and Dream. Invest. Succeed. is a service marks of Sallie Mae, Inc.