Sallie Mae Student Loans

Sallie Mae – A Giant in the Student Lending Business

 

Sallie Mae Corporation is one of the largest lenders of all kinds of student loans, including undergraduate, graduate, and loans for parents. It is a private student loan corporation that specializes in providing and servicing private student loans for students and their parents.

Sallie Mae’s most general, all-purpose product is the Smart Option Loan. While it offers students very high loan limits, which could be useful, the loan also requires repayment of interest from the time of disbursement. For many students it simply is not possible to repay interest while still in college.

Sallie Mae offers a number of specialized loan products, including:

  • Community College Loan
  • Continuing Education Loan
  • Tuition Loan Answer
  • Career Training Loan

If you are a nontraditional students, who may not have many student loan options, these specialized products will probably serve your needs well. Sallie Mae’s counselors are knowledgeable and can guide you through the process. It is important to remember, though, that these are private loans. Because of that it is important that you thoroughly understand the terms of the loan, that you ask questions, and that you are clear about what is required of both you and the lender.