8.5%

Many lenders who work with Sallie Mae offer interest rate reductions that may reduce rate to 6.75%.

Interest rates that reward good credit and are as low as Prime – 1.0% for borrowers with excellent credit.

Interest rates are variable and reset monthly.

Interest rates that reward good credit.

Interest rates are variable and reset monthly.

For loans first disbursed July 1, 2007–June 30, 2008: Up to 2.5% in fees that includes a 1.5% federal origination fee and a 1% federal default fee. For loans first disbursed July 1, 2008–June 30, 2009: Up to 2% fees that includes a 1% federal origination fee and 1% federal default fee. There are lenders and guarantors that work with Sallie Mae that pay all or a portion of these fees.

Origination fee of 3% charged by the federal government.

Up to a 1% guarantee fee.

Many Sallie Mae lenders and guarantors who work with these lenders pay all or a portion of the guarantee fee.

Up to $31,000 per year in Stafford loans with a lifetime maximum of $138,500.

Borrow up to the full cost of your education less other aid received.

Without cosigner
$150,000

With cosigner no limit

Standard, graduated, and extended repayment options are available.

Repayment begins after a nine-month grace period.

Standard, graduated, and extended repayment options are available.

Repayment begins after a six-month grace period.