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5 Best Student Loans - June 2025

Highly reviewed and rated, these student loan companies can help you make your educational dreams a reality. Quickly apply and get an instant decision.

Last Updated: June 06, 2025
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#1 on Forbes, CNBC, Money, CNN & Fund.com

  • Lowest rate - starting at 3.24% APR 1
  • Cover up to 100% of your school costs 2
  • Flexible options for repayment
  • No application, origination, or prepayment fees
  • Checking rates won't affect your credit score
    *Rates as of May 29, 2025
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APR starting at 3.45%1

  • Fixed rates 3.45% - 16.49% 
  • Variable rates 4.37% - 15.99% 
  • Lowest rates shown include 0.25 percentage point interest rate discount with auto debit payments.¹
  • Multiple repayment options from in-school payments to deferred.¹ No origination fee or prepayment penalty.²
  • Borrow up to 100% of school-certified expenses, whether you're online or on campus.³
  • Last year, students were 4x more likely to be approved with a cosigner.⁴
    1Undergraduate Loan - Fixed rates 3.45% - 16.49% APR* with auto debit discount. 
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No fees required

  • Covers full attendance cost
  • Fixed rates from 3.29% - 16.85% APR (with autopay)
  • Variable rates from 4.39% to 16.85% APR (with autopay)
  • Save on interest with rate discounts for autopay (0.25%), continuing scholar borrowers (0.125%), and cosigners taking a second student loan (0.25%).
  • US, Puerto Rico, and the US Virgin Islands residents are eligible for student loans*
  • Get a quote online in minutes

*Borrowers must attend an approved school within these areas to qualify.

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Rates starting at 3.25% fixed APR (with autopay) & 4.13% variable APR (with autopay) See Terms**

  • Compare rates and fees from multiple lenders without affecting your credit score
  • Get prequalified in minutes
  • See how adding a co-signer affects rates
  • Live chat available
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Student loans for undergrads, graduates, and parents

  • Get approved for multi-year funding
  • No application, origination, or disbursement fees
  • APRs starting at 5.19% (variable) and 3.99% (fixed)
  • Discounts can reduce your rate by 0.5%
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Fast application and decision-making process

  • Fixed APR starting at 4.45%* 
  • Provides customized private loan options for students
  • Enjoy no early prepayment penalties
  • Skip a payment once per year (once repayment period restarted)**
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Capable Student Loans

  • Fixed rates as low as 3.45%1 with 0.25% Auto Pay discount
  • Undergraduate, career training, and graduate loans.
  • Apply once to get money for the whole year.
  • No origination fee or prepayment penalty2.
  • More than 3,000 eligible schools.

Companies listed above are sorted by required credit score to apply, lowest to highest.

Minimum credit score to apply (for students and co-signers):

  • College Ave Student Loans: 620+
  • Sallie Mae: 630+
  • Nelnet Bank: mid to high 600s
  • SoFi: 670+
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College Ave Student Loans

About College Ave:

College Ave specializes in helping students and families access funding for higher education through flexible loan options. It has built a reputation for responsive customer service and user-friendly online tools. The lender provides clear information on rates, repayment plans, and borrower protections. College Ave offers loan products for undergraduate, graduate, and parent borrowers.

 

HIGHLIGHTS
What it covers
Up to 100% of school-certified costs (tuition, fees, housing, books, and more).
Rates
Fixed and variable rate options available, with rates starting at 3.24% APR (with auto-pay discount).¹
Terms
5, 8, 10, 15, or 20 years
Fees
No application, origination, or prepayment fees.
Repayment Options
Full deferment, interest-only payments, or flat $25/month payments while in school; Full principal and interest payments available immediately.

Cosigner Information:

Most undergraduate borrowers will need a cosigner. College Ave offers cosigner release after more than half the repayment term is complete and the borrower meets credit requirements.

Application Process:

The online application takes about 3 minutes. You can prequalify without impacting your credit score, and get an instant credit decision. A loan calculator helps estimate monthly payments based on your choices.

Best For:

College Ave is ideal for students and parents looking for customizable private loans with flexible repayment plans, competitive rates, and a quick, digital-first application experience.

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Sallie Mae Student Loans

About Sallie Mae:

Sallie Mae stands out as a reputable private student loan lender, offering flexible financing solutions for undergraduate, graduate, and career training programs. With competitive interest rates and a range of repayment options, Sallie Mae empowers students and their families to tackle the cost of higher education with clarity and control.

 

HIGHLIGHTS
What it covers
Up to 100% of school-certified expenses, including tuition, fees, housing, books, and supplies.
Rates
Fixed and variable rate options available, with rates starting at 3.45% APR.¹
Terms
5 to 15 years, depending on the loan type and repayment plan selected.
Fees
No origination or prepayment fees.²
Repayment Options
Full deferment, interest-only payments, or flat $25/month payments while in school; Full principal and interest payments available immediately.

Cosigner Information:

Applying with a creditworthy cosigner may improve your chances of approval. Cosigner release is available after 12 consecutive, on-time principal and interest payments, pending credit review.

Application Process:

The application is quick and online, and you can view personalized rates and repayment options before you apply. Decisions are typically made within minutes.

Best For:

Sallie Mae is a strong choice for students and families looking for flexible loan options, competitive rates, and helpful features like cosigner release and automatic payment discounts.

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SoFi Private Student Loans

About SoFi:

SoFi offers private student loans with competitive rates, no fees, and flexible repayment terms for undergraduate and graduate students. With a strong emphasis on member benefits and financial tools, SoFi supports borrowers beyond the loan, helping them achieve long-term financial success.

 

HIGHLIGHTS
What it covers
Up to 100% of school-certified expenses, including tuition, room and board, books, and other related costs.
Rates
Offers fixed or variable rates, plus a 0.25% discount for enrolling in autopay.¹
Terms
5, 7, 10, 15, 20 years
Fees
No fees for origination, prepayment, or late payments.
Repayment Options
Offers multiple repayment options, including deferred, interest-only, and immediate full payments.

Cosigner Information:

Students can apply with a creditworthy cosigner to enhance approval chances. SoFi offers a cosigner release option after a specified number of on-time payments, subject to credit review.

Application Process:

The application is entirely online and can be completed in minutes. Borrowers can check their rates and terms without impacting their credit score, facilitating informed decision-making.

Best For:

SoFi is ideal for students seeking flexible private student loans with competitive rates, diverse repayment options, and added member benefits to support their financial journey.

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Credible Student Loans

About Credible:

Credible is an online marketplace that allows students and families to compare private student loan offers from multiple lenders in one place. The platform provides a streamlined application process, enabling users to receive prequalified rates without impacting their credit scores. 

HIGHLIGHTS
What it covers
Up to 100% of school-certified expenses, including tuition, housing, books, and more.
Rates
Fixed or variable APRs available; 0.25% rate discount with autopay enrollment.¹
Terms
5, 7, 10, 15, or 20-year repayment plans based on lender offerings
Fees
No origination, prepayment, or late fees charged by any partner lenders.
Repayment Options
Select from deferred, interest-only, or immediate full payment plans during school.

Cosigner Information:

Credible's partner lenders often allow the addition of a cosigner to improve loan approval chances and potentially secure better interest rates. Some lenders offer cosigner release options after a series of on-time payments and meeting credit requirements. 

Application Process:

The application process on Credible is user-friendly and quick. Users can fill out a simple form to compare prequalified rates from multiple lenders without affecting their credit scores. Once a suitable offer is selected, the borrower proceeds with the lender's application process. 

Best For:

Credible is ideal for students and families seeking to efficiently compare private student loan options from various lenders, aiming to find competitive rates and terms tailored to their financial needs.

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Citizens Bank Student Loans

About Citizens Bank Student Loans:

Citizens Bank provides a range of loan options for undergraduate, graduate, and parent borrowers, all supported by straightforward terms and flexible repayment plans. With a commitment to customer service and financial accessibility, Citizens Bank helps students and families navigate the cost of higher education with confidence.

 

HIGHLIGHTS
What it covers
Up to 100% of certified education costs, including tuition, housing, and other school-related expenses.
Rates
Offers fixed and variable rates starting at 3.49%, with a discount of up to 0.50% available.
Terms
5, 7, 10, 15, or 20 years
Fees
No application, origination, or prepayment fees.
Repayment Options
Full deferment, interest-only, or $25/month while in school; full payments begin 6 months after graduation.

Cosigner Information:

Applying with a qualified cosigner can increase approval chances and potentially lower interest rates. Citizens allows for cosigner release after 36 consecutive on-time principal and interest payments, subject to credit and income verification.²

Application Process:

The online application is quick and user-friendly. Applicants can receive a rate quote in about 2 minutes without affecting their credit score. Citizens also offers a Multi-Year Approval feature, reducing the need to reapply each year.

Best For:

Citizens Bank student loans are ideal for students seeking a flexible private loan option with competitive rates, multiple repayment plans, and a streamlined application process.

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Earnest Student Loans

Once a rapidly-growing startup with sights set on disrupting the industry through a "modern financial approach," Earnest is now owned by the student loan giant Navient Corporation. While this might not sound initially promising, it could be considered an additional selling point for student borrowers looking to fund their loans through a financially stable institution. Not only is Navient the largest student loan servicer in the nation, but they have also stated their intentions of keeping Earnest as a separate brand, still offering the same innovative loan products but now with additional financial backing.

 

Best student loans for international students

International students come across an additional hurdle when it comes to taking out student loans. Not only do they need to find a lender that offers loan products specifically designed for them, but they also typically need to have a co-signer that is a U.S. citizen or permanent resident in order to qualify for the loan.

Earnest is one of the few lenders that does offer student loans to international students while also featuring very flexible repayment options. With a 9-month grace period, up to 12 months of forbearance and the ability to skip one payment per year, international borrowers can find a repayment plan that works best for their situation. In addition, the company doesn't charge any extra fees on top of the interest rate for borrowers, meaning no late fees, application fees or origination fees. It even provides a 0.25% interest rate discount for borrowers who sign up for automatic payments.

International students looking to borrow from Earnest will need to have a co-signer that is a U.S. citizen or permanent resident, has a Social Security Number or individual taxpayer identification number (ITIN) and retains a physical address in the United States.

 

Flexible Repayment Options

Earnest continues to provide private student loans and refinancing options as well as personal loans, a newer product. Their two major selling points also remain unchanged, which are their flexible repayment terms and unique underwriting guidelines. Student borrowers who do business with the company can customize their loan terms by choosing their preferred payment plan. In addition, and unlike other online lenders, Earnest mainly caters to "financially responsible" borrowers who meet their distinctive underwriting criteria.

 

Competitive Loans for Responsible Borrowers

You may be wondering what exactly constitutes a responsible borrower. Well, for Earnest, responsible borrowers are those who have enough in savings to cover at least two months' worth of expenses, spend less than they earn, don't have large amounts of debt,  have a good credit and repayment history, and/or are studying for a career with "strong earning potential." That also entails having at least a 650 credit score, three years of credit history, an annual income of at least $35,000, no bankruptcies on their credit report, and no credit accounts in collection.

While these factors severely limit the pool of applicants who may qualify for loans through Earnest, it also makes it easier for borrowers who do qualify to obtain streamlined financing through a full-service lender offering additional perks like:

  • Quick application and approval times

  • No origination, disbursement, prepayment, or late payment fees

  • A 0.25% discount for enrolling in automatic payments

  • The ability to skip a payment once per year

 

Earnest loans can also cover up to 100% of the school's cost of attendance and have a nine-month grace period, which is higher than what most online lenders typically offer. Those interested in these benefits but worried about their eligibility should also know that, unlike some online reviews point out, the company allows cosigners as long as they are also financially responsible.

Like many other student lenders, the company does require applicants to be full-time students pursuing a Bachelor's or Graduate degree from a Title IV-qualified, not-for-profit four-year college.

 

Educational Resources

Earnest has a resources page with relevant articles, guides, and calculators. Topics range from the most fundamental aspects of student loans to the difference between fixed and variable rates and consolidation vs. refinance. Their guides provide hands-on tips about decision making, how to pay for graduate school, and how to refinance a student loan.

One cool detail about Earnest's resources and articles is that they state how long it will take you to read them, so you can pick a topic that interests you and also have the time to finish.  Lastly, the company also offers a student loan consolidation calculator and a refinance calculator, both pretty useful for students looking to make better-informed financial decisions.

 

Drawbacks

The biggest drawback about Earnest is what sets them apart from other lenders: their unique qualification requirements. Only applicants with strong financials or the prospect of high income in the future can get approved for a loan through Earnest, and even those who apply with a cosigner are held to the same standards. Other drawbacks have to do with their student loan refinance options, mainly that refinance isn't available in every state and that they only refinance Parent Plus Loans for student borrowers (not parents).

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Capable Student Loans Powered by Sallie Mae

About Capable Powered by Sallie Mae:

Capable, powered by Sallie Mae, offers a modern, streamlined application process with flexible loan options. The platform focuses on delivering transparent terms and personalized support to help students and families confidently manage education costs.

HIGHLIGHTS
What it covers
Up to 100% of program costs for eligible, non-degree skills training.
Rates
Fixed interest rates available, typically starting at 7.99% APR† (with auto-pay discount).
Terms
10, 12, or 15-year terms based on loan amount
Fees
No application, origination, or prepayment fees.
Repayment Options
Full deferment, interest-only, or $25/month while in school; full principal and interest starts after graduation.

Cosigner Information:

Students may apply with a creditworthy cosigner to improve their approval chances. Cosigner release is not currently available for Capable loans.

Application Process:

The Capable application is quick and fully online. Applicants can check eligibility and receive an instant credit decision with no application fee. Program verification is typically required before funds are disbursed

Best For:

Capable is best for career changers or upskillers who want to finance short-term job training and don’t need traditional degree funding. It’s built for speed, flexibility, and focus on workforce readiness.

Advertiser Disclaimers and Disclosures:

College Ave: 

College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

¹ All rates include the auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation. Approved interest rate will depend on creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of the Flat Repayment Option with the shortest available loan term.

Sallie Mae: 

Borrow Responsibly. Sallie Mae encourages students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

Loans for Undergraduate & Career Training Students are not intended for graduate students and are subject to credit approval, identity verification, signed loan documents, and school certification. Student must attend a participating school. 

¹ Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment. For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website may be subjected to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time.

² Although Sallie Mae does not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.

Based on a comparison of approval rates for Sallie Mae Smart Option Student Loans for undergraduate students who applied with a cosigner versus without a cosigner during a rolling 12-month period from October 1, 2022 through September 30, 2023.

³ Student or cosigner must meet the age of majority in their state of residence. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident), and provide an unexpired government-issued photo ID. Requested loan amount must be at least $1,000.

College Finance is not the creditor for these loans and is compensated by Sallie Mae for the referral of Smart Option Student Loan customers.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

© 2025 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

SoFi: 

Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. SoFi encourages you to evaluate all your federal student aid options before you consider any private loans, including SoFi's. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891. (www.nmlsconsumeraccess.org).

¹ Fixed rates range from 3.54% APR to 15.99% APR with 0.25% autopay discount. Variable rates range from 4.64% APR to 15.99% APR with a 0.25% autopay discount. Unless required to be lower to comply with applicable law, Variable Interest rates are capped at 17.95%. SoFi rate ranges are current as of 6/2/2025 and are subject to change at any time. Your actual rate will be within the range of rates listed above and will depend on the term and type of repayment option you select, evaluation of your creditworthiness, income, presence of a co-signer (if applicable) and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers. Check out SoFi's eligibility criteria at https://www.sofi.com/eligibility-criteria/. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. This benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The benefit lowers your interest rate but does not change the amount of your monthly payment. This benefit is suspended during periods of deferment and forbearance.

Citizens Bank:

¹ Variable interest rates range from 4.99% - 15.51% (4.99% - 15.47% APR). Fixed interest rates range from 3.49% - 15.49% (3.49% - 14.99% APR).

² Citizens Undergraduate Booked Loans from 10/1/2023 through 9/30/2024 were 4 times more likely to be approved with a qualified cosigner.

Credible:

1APR Disclosure: Before making a decision, please read rates and terms at – https://www.credible.com/student-loans

2Prequalified rates are based on the information you provide and a soft credit inquiry. Receiving prequalified rates does not guarantee that the Lender will extend you an offer of credit. You are not yet approved for a loan or a specific rate. All credit decisions, including loan approval, if any, are determined by Lenders, in their sole discretion. Rates and terms are subject to change without notice. Rates from Lenders may differ from prequalified rates due to factors which may include, but are not limited to: (i) changes in your personal credit circumstances; (ii) additional information in your hard credit pull and/or additional information you provide (or are unable to provide) to the Lender during the underwriting process; and/or (iii) changes in APRs (e.g., an increase in the rate index between the time of prequalification and the time of application or loan closing. (Or, if the loan option is a variable rate loan, then the interest rate index used to set the APR is subject to increases or decreases at any time). Lenders reserve the right to change or withdraw the prequalified rates at any time.

Get $200 if you can find a better rate” (All bonus payments are by gift card). See terms.

110 Corcoran Street, 5th Floor, Suite 151 Durham, NC 27701.
Credible Operations, Inc. NMLS# 1681276, “Credible.” Not available in all states.

 

College Ave Disclosure

College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

(1) All rates include the auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation. (2) As certified by your school and less any other financial aid you might receive. Minimum $1,000.

Information advertised valid as of 11/01/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of the Flat Repayment Option with the shortest available loan term.

Sallie Mae Disclosure

Borrow Responsibly

We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

Loans for Undergraduate & Career Training Students are not intended for graduate students and are subject to credit approval, identity verification, signed loan documents, and school certification. Student must attend a participating school. Student or cosigner must meet the age of majority in their state of residence. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident), and provide an unexpired government-issued photo ID. Requested loan amount must be at least $1,000.

1. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment.

2. Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.

3. For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website may be subjected to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time.

4. Based on a comparison of approval rates for Sallie Mae Smart Option Student Loans for undergraduate students who applied with a cosigner versus without a cosigner during a rolling 12-month period from October 1, 2022 through September 30, 2023.

5. Examples of typical costs for a $10,000 Smart Option Student Loan with the most common fixed rate, fixed repayment option, 6-month separation period, and two disbursements: For a borrower with no prior loans and a 4-year in-school period, it works out to a 10.28% fixed APR, 51 payments of $25.00, 119 payments of $182.67 and one payment of $121.71, for a Total Loan Cost of $23,134.44. For a borrower with $20,000 in prior loans and a 2-year in-school period, it works out to a 10.78% fixed APR, 27 payments of $25.00, 179 payments of $132.53 and one payment of $40.35 for a total loan cost of $24,438.22. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years.

College Finance is not the creditor for these loans and is compensated by Sallie Mae for the referral of Smart Option Student Loan customers.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

Information valid as of 10/25/2024.

Sallie Mae loans are made by Sallie Mae Bank. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners.

2024 Sallie Mae Bank. All rights reserved.

SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.