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.

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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