Sallie Mae® offers 3 repayment options: Deferred repayment, $25 Fixed repayment, and Interest repayment.
A repayment example (pictured above): This repayment example is based on a typical Career Training Smart Option Student Loan made to a borrower (planning to be enrolled for approximately one year), who chooses a variable rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 13.11% variable APR. It works out to 15 payments of $25.00, 119 payments of $167.58 and one payment of $91.38, for a Total Loan Cost of $20,408.40. Variable rates may increase over the life of the loan.
We offer repayment guidelines to help you plan after graduation.
Still have questions?
Register and then post in our forum for help