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You are here: Graduate Smart Loan  
National Education®
Smart Option Student Loan

made by Sallie Mae

A Choice of Repayment Options, Competitive Interest Rates, and No Origination Fee

An ideal solution to help you pay for college expenses not covered by scholarships and federal loans.



Features and Benefits

  • A choice of competitive interest rates for undergraduate students. Variable interest  rates from 2.87% APR to 9.91% APR. We also offer fixed interest rates from 5.74% APR to 11.85% APR.1
  • Lower interest rates for graduate students. Variable interest rates from 2.87% APR to 7.86% APR. Fixed interest rates from 5.74% APR to 8.56% APR.1
  • No origination fee and no prepayment penalty.
  • Lower the interest rate—Receive a 0.25 percentage point interest rate reduction
    while enrolled to make scheduled monthly payments by automatic debit.2
  • Borrow up to 100% of the school-certified cost of attendance.3
  • Cosigner release available. After graduation a borrower may apply for their
    cosigner to be released from the loan once they have made 12 consecutive, on-time
    principal and interest payments and meet certain credit requirements.4
  • Pay now or later—Defer your payments until after school or choose an in-school
    repayment option that fits your needs.1
  • Graduated Repayment Period—The Smart Option Student Loan is the first
    nationwide private student loan offering a Graduated Repayment Period feature5,
    providing  budget  flexibility for graduating students. Students who graduate and maintain their Sallie Mae loans in good standing can request to make 12 interest – only payments instead of full principal and interest payments six months after school.6

A quick credit result—Applying online is fast and easy. It only takes about 15 minutes to apply and get a credit result.


We encourage students and families to supplement their savings by exploring grants, scholarships, and federal and state student loans, and to consider the anticipated monthly payments on their total student loan debt and their expected future earnings before considering a private education loan.


* The Sallie Mae partner referenced is not the creditor for these loans and is compensated by Sallie Mae for the referral of Smart Option Student Loan customers.

1,2,3,4,5,6 Click here for important information.  Terms, conditions and limitations apply.



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