For academic year 2008-2009
The Signature Student Loan is a private, credit-based loan funded by Sallie Mae Bank® or a Sallie Mae® lender partner. After taking advantage of free money (like scholarships, grants) and low cost federal loans, you may still need money to help you pay for school. That's when you should consider Sallie Mae's private Signature Student Loan.
Paying for Your Education is Easy with Sallie Mae
Start by following Sallie Mae's 1-2-3 approach to paying for school:
- Research available scholarships and other sources of "free money".
- Fill out the FAFSA and apply for federal loans, like Stafford for students and PLUS for parents. Federal loans generally have lower interest rates and have more flexible repayment options. Learn more about federal loans.
- Then, if you still need money, consider the Signature Student Loan. This private loan is available to students—both traditional and adult learners—who are attending school at least half time and working on earning a degree. The Signature Student Loan’s interest rates are tiered so those who manage their credit well or get a creditworthy cosigner may receive the benefit of a lower interest rate.
Features:
- Interest rates as low as Prime minus 1% with 0% fees. (See assumptions.)
- "Super" low interest rate for our most credit savvy borrowers
- 0.50 percentage point interest rate reduction for auto debit *
- Zero fees if both you and your cosigner are credit approved
- No income requirement for student borrowers. And no payment required while in school
*Learn more about this benefit
And, when you join Upromise®, you can use your Upromise rewards to help pay down balances automatically on your eligible Sallie Mae-serviced loans by linking your Sallie Mae® account to your Upromise account with Upromise Loan LinkSM! To learn more, or to join Upromise now, go to www.salliemae.com/upromise.
Sallie Mae Advantage
We offer you peace of mind so you can focus on your
studies and not worry about how you are going to
pay for school. From a free database of $15 billion in
scholarships…to college savings plans…to low-cost
federal loans for students and parents…to affordable
private loans…to consolidation and repayment
options…Sallie Mae has all the funding options you
need for a higher education—from the day you enroll
until graduation and beyond.
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Our Pledge to You
To continue funding your education.
This pledge means that once you're credit-approved for
your Signature Student Loan, we'll continue to be there
for you in year two and beyond. No more worrying every
year whether you will get approved, whether you will
have money.*** (Terms and conditions)
Your Pledge to Us
Stay in school. Your school certifies that you are enrolled,
working towards your degree and that
you need additional money for school.
Be financially responsible. Complete our credit education series, avoid
new negative items on your credit report
and sign up for Manage Your LoansSM.
We Take Our Education Funding Pledge a Step Further
We offer a Price Advantage when you
apply with a creditworthy cosigner. You
certainly can apply on your own, but if
you apply with a credit approved cosigner, we'll offer
the same or better interest rate margin and loan fees
for subsequent loans.*** (Terms and conditions)
Benefits of Using a Cosigner
- Allows you to benefit from Price Advantage
- May qualify you for a better interest rate and
zero fees
- Helps student establish credit history
- Cosigner release application available after first
24 on-time payments**** (Terms and conditions)
How to cosign
- The borrower applies for a Signature Student Loan.
- Cosign online with the confirmation number and PIN provided by the borrower.
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