Sallie Mae® student loans offer both variable interest rates and fixed interest rates. You can view interest rates and payment plans on their website.
Effective December 2024:
Variable rates: 4.92% to 15.86% APR
Fixed rates: 3.492% to 15.69% APR
Terms: 10 to 15 years of principal and interest payments
3 Repayment Options: 1) deferred repayment; 2) $25 fixed repayment; and 3) interest repayment
NOTE: There is no origination fee and no prepayment penalty, both of which help you.
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