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The Sallie Mae Smart Option Student Loan This information is for borrowers attending degree-granting institutions only. Applications are subject to a requested minimum loan amount of $1,000. Credit criteria and eligibility requirements apply. 1 Interest rates for the Deferred Repayment Option are higher than for loans with the Fixed and Interest Repayment Option. Variable rates may increase after consummation. Interest is charged while you are in school and during the 6-month separation period. 2 As certified by your school and confirmed by Sallie Mae, less other financial aid received. Information advertised valid as of 3/6/2015. Sallie Mae, Smart Option Student Loan, and the Sallie Mae logo are service marks or registered service marks of Sallie Mae Bank or its subsidiaries. Smart Option Student Loans are made by Sallie Mae Bank or a lender partner.
Richard J. Schmeelk Canada Fellowship | Learn and see the country Educational and self improvement DeVry University | WELCOME Loans If you apply for financial aid, you may be offered loans as part of your school’s financial aid offer. A loan is money you borrow and must pay back with interest. If you decide to take out a loan, make sure you understand who is making the loan and the terms and conditions of the loan. Student loans can come from the federal government or from private sources such as a bank or financial institution. Loans made by the federal government, called federal student loans, usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sources. Learn more about the differences between federal and private student loans. What types of federal student loans are available? What types of federal student loans are available? The U.S. The William D. Compare all of the federal student loan programs. Top How much money can I borrow in federal student loans? Top Remember, you can borrow less than your school offers you. Be a responsible borrower.
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