Sallie Mae
Signature Student Loan® Terms and Conditions

Pricing is effective for AY 08-09 loan applications with first disbursement June 1, 2008 through May 31, 2009

View interest rates and fees.

1The APR is a variable rate and will increase if the one-month LIBOR rate increases. The APRs shown are APRs effective as of 5/27/08.

2Interest rate reduction of 0.50 percentage point is available during active repayment for as long as the borrower's monthly payment is successfully deducted from the borrower's bank account. Loans eligible for the automatic debit benefit must be first disbursed June 1, 2008 through May 31, 2009.

3Deferring payment while in-school will increase the overall loan costs. Unpaid interest that accrues while you are in school will be capitalized (added to your loan amount) at repayment.

4Creditworthy borrowers may request a cosigner release after making the first 24 consecutive, on-time payments of principal and interest. Your account must remain current until the request for release is processed. Borrower credit qualification applies. Borrower must be a U.S. citizen or permanent resident at the time the cosigner release request is processed.

Sallie Mae reserves the right to modify or discontinue loan programs and borrower benefits at any time without notice. Applicants should check the Sallie Mae website close to their loan disbursement date to obtain the most up-to-date information regarding loan programs, including borrower benefits.

Subject to the above, borrower benefits and repayment incentives are effective for Signature Student Loans first disbursed June 1, 2008 through May 31, 2009 and serviced by Sallie Mae.

Signature Student Loans are funded by Sallie Mae Bank® or a Sallie Mae lender partner. Sallie Mae, Sallie Mae Bank, and Signature Student Loan are registered service marks, and Manage Your Loans is a service mark of Sallie Mae, Inc. Upromise and Upromise Loan Link are service marks or registered service marks of Upromise, Inc.