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Based on your submitted information, you may be eligible to apply for a Sallie Mae Smart Option Student Loan® by International Student Loan.

Sallie Mae® Smart Option Student Loan® for Degree Granting Institutions

The Sallie Mae Smart Option Student Loan® offers various financial and educational benefits, including competitive interest rates, a choice of repayment options, and rewards for paying your student loans on time while in school. Plus, you can borrow up to 100% of your school-certified cost of attendance.¹

Benefits

Competitive variable rates—2.50% APR to 9.59% APR ² (Competitive fixed interest rates also available.)
No origination fees and no prepayment penalties
Get a Smart Reward® in Upromise® account of 2% of your scheduled monthly payments that are made on time while in school, with the Interest or Fixed Repayment Options. ³
Get a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit ⁴
Applying with a creditworthy cosigner may help you qualify for and/or receive a lower interest rate and give you a better chance of approval.
After graduation a borrower may apply for a cosigner to be released from the loan once they have made 12 consecutive, on-time principal and interest payments and meet certain credit requirements.⁵

Apply with a Cosigner

We strongly encourage students to apply with a creditworthy co-signer if they may have difficulty qualifying for a loan due to limited income and credit history. This may increase an applicant's chances of approval and of possibly obtaining a better interest rate.

Features

No prepayment penalty
A quick credit result. Applying online is easy—it only takes about 15 minutes to apply and get a credit result
24/7 online account management

Loan Limits

Borrow up to 100% of your school certified education costs (minimum $1,000)¹

Repayment Terms

Choose the repayment option that works for you while you are in school² - defer all payments, pay just $25⁷ a month, or pay only the interest on your loan.
Full principal and interest payments begin six months after you leave school for all repayment plans. With our Graduated Repayment Period feature, gradating students who maintain their Sallie Mae Loans in good standing can request to make 12 interest-only payments instead of full principal and interest payments after their separation period.
No prepayment penalty, regardless of the repayment plan you choose.

Upromise by Salle Mae® Rewards

Join Upromise® for free, and earn rewards when you shop online, eat out, buy gas, and more
Use your Upromise® earnings to help pay down eligible Sallie Mae student loans or request a check to pay for college or other expenses like books, food, and more

Encouraging Responsible Borrowing

Sallie Mae has helped more than 30 million American pay for college since 1972. We encourage students and families to supplement savings by exploring grants, scholarships and federal student loans before they consider a Sallie Mae private education loan.

This information is for borrowers attending degree-granting institutions only. Eligibility requirements apply.

¹ As certified by your school and confirmed by Sallie Mae, less other financial aid received. Sallie Mae reserves the right to approve a lower loan amount than what the school has certified. Requested amounts exceeding $99,999 may require multiple loans.

² Interest rates for the Fixed and Deferred Repayment Options are higher than for loans with the Interest Repayment Option. Variable rates may increase after consummation. Interest is charged while you are in school and during the 6 month separation period. Unpaid Interest will be added to the Current Principal when you enter principal and interest repayment.

³ Primary borrower must enroll in Upromise to be eligible to earn a reward into his or her active Upromise account of 2% of the Current Amount Due in each month it is paid on-time during the in-school and separation periods. If paid ahead, the reward will be based on the regularly scheduled monthly payment amount. The Smart Reward Benefit and Upromise membership are subject to the terms and conditions of the Upromise service, as may be amended from time to time. Terms and conditions apply to the Upromise service. Participating companies, contribution levels and terms and conditions are subject to change at any time without notice. Go to upromise.com to learn more. Upromise Accounts are not FDIC insured, carry no bank guarantee and may lose value.

⁴ Either the borrower or cosigner (not both) must enroll in auto debit through Sallie Mae. The rate reduction benefit applies only during active repayment for as long as the current amount due is successfully deducted from the designated bank account and is suspended during forbearances and certain deferments.

⁵ Only the borrower may apply for cosigner release. Borrower must provide proof of graduation (or successful completion of certification program), income, and citizenship (if it has changed since you applied). Borrower must also be a U.S. citizen or permanent resident; meet the age of majority in their state; be current on all Sallie Mae serviced loans and make 12 consecutive on-time principal and interest payments on each loan requested for release immediately before applying; not have been reported to a consumer reporting agency as 90+ days delinquent in the past 24 months; not be in hardship forbearance or a modified repayment program; have no student loan(s) in default; and pass a credit review that demonstrates a satisfactory credit history and the ability to assume full responsibility of the loan(s) individually when the release request is processed. Requirements are subject to change.

⁶ Available for loans that first disburse on or after July 1, 2013 to finance academic periods that begin on or after July 1, 2013 at a degree-granting institution. Graduated Repayment Period (GRP) requires interest payments for the initial 12 month period of repayment when you would normally begin making full principal and interest payments (which typically begins six months after graduation) or during the 12-month period after your request is granted, whichever is later. At the time you request GRP, you must have graduated with no interruption in enrollment, be current on payments, and not be more than 30 days late on payments on any student loan. You may request GRP only during the two billing cycles immediately preceding and the two billing cycles immediately after your loan would normally begin requiring full principal and interest payments. GRP does not extend the term of the loan. If you are approved for GRP, your principal and interest payments will be higher than if GRP did not apply, and your total loan cost will increase.

⁷ This informational repayment example uses typical loan terms available to a freshman borrower who elects the fixed repayment option and has a $10,000.00 loan with two disbursements and a 7.21% variable APR: 51 payments of $25, 119 payments of $140.28 and one payment of $114.17, for a total paid of $18,082.49.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK THE SALLIE MAE WEBSITE (www.salliemae.com) TO OBTAIN THE MOST UP-TO-DATE PRODUCT INFORMATION.

Information advertised valid as of December 28, 2015.

Sallie Mae, Smart Option Student Loan, Smart Reward, and the Sallie Mae logo are service marks or registered service marks of Sallie Mae Bank or its subsidiaries.

Upromise is a registered service mark of Upromise, Inc.

Smart Option Student Loans are made by Sallie Mae Bank® or a lender partner.