What is the interest rate for a student loan?

FAQ » , » What is the interest rate for a student loan?

Sallie Mae student loans offer both variable interest rates and fixed interest rates. You can view interest rates and payment plans on their website.

Variable rates: 5.74% to 13.11% APR

Fixed rates: 6.62% to 13.83% APR

Terms: 5 to 15 years of principal and interest payments

2 Repayment Options: 1) $25 fixed repayment; and 2) interest repayment

NOTE: There is no origination fee and no prepayment penalty, both of which help you.

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