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Sallie Mae Student Loans Review

Find the Best Student Loans for You

Sallie Mae provides a range of loans for students to help pay for undergraduate and graduate degrees, along with specialty degrees. Loans also accommodate part-time students and those pursuing continuing education courses or earning professional certifications.

Choose from these types of student loans:

  • Undergraduate.
  • Graduate school.
  • Career training.
  • MBA.
  • Medical school.
  • Medical residency.
  • Dental school.
  • Dental residency.
  • Graduate health professions.
  • Law school.
  • Bar study.

  • Your address, and if you’ve lived there for less than a year, your previous address.
  • Your Social Security number.
  • Two personal contacts other than your co-signer.
  • Your employment information, including gross income and company name.
  • School information, including enrollment status, degree, course of study, academic period of enrollment and year in school.
  • Financial aid and scholarships you expect to receive.
  • Financial information, including bank accounts and monthly rent or mortgage payments.
  • Requested loan amount.

These rates reflect a 0.25-percentage-point discount for borrowers who use autopay to make monthly loan payments.

If you’re attending a school outside of the United States, you must be a U.S. citizen or U.S. permanent resident to qualify for a Sallie Mae student loan. If you are not a citizen and are attending a U.S. school, you will need a co-signer who is a citizen or resident.

Sallie Mae is based in Newark, Delaware, and is one of the largest private student loan companies that serves all 50 states.

In U.S. News’ ratings of student loan lenders, Sallie Mae received 4.6 out of 5 stars overall, 4.3 for affordability, 5.0 for eligibility and 5.0 for customer service. The median overall rating for student loan lenders by U.S. News is 4.4.

For help by phone: Reach customer service with questions about your loan at 800-472-5543 from 8 a.m. to 8 p.m. Eastern Time Monday through Friday.

For help with a new student loan, call 855-756-5626 from 8 a.m. to 9 p.m. ET Monday through Thursday, from 8 a.m. to 8 p.m. ET on Friday, and from 10 a.m. to 2 p.m. ET on Saturday.

You can complete your student loan application online, and you will receive a prompt before you begin to review the information you need to make sure you have everything on hand.

Sallie Mae offers several repayment options. With deferred repayment, you won’t have loan payments while in school or during your separation or grace period – the six months after you finish school and before principal and interest payments begin. Fixed repayment sets a monthly loan payment amount while you’re in school and during your grace period. After that, your loan payments will increase. Interest repayment is when you only pay interest while in school and during your grace period, after which you’ll begin paying monthly principal and interest.

  • People who need to cover up to 100% of school-certified expenses.
  • People who have a creditworthy co-signer.
  • People who seek loans for medical or dental residencies or preparing for the bar exam.

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