August 5, 2020         
The Royal Canadian Mint Recognizes the 150th Anniversary of the Northwest Territories in its Newest Suite of Collector Coins   •   Leading Senior Groups Announce Opposition to Proposition 21   •   INTERNATIONAL YOUTH DAY: DKT International Highlights Teens and Youth Ambassadors Educating Peers About Sex and Family Planning   •   Capri Holdings Limited Announces First Quarter Fiscal 2021 Results   •   Publix Recalls Red Onions Due to Possible Salmonella Risk   •   Senior Care Authority Franchisee Earns Rockstar Recognition From Franchise Business Review   •   Women’s Public Leadership Network Awards Half-Million Dollars to Break Barriers for Female Candidates   •   Welltower Reports Second Quarter 2020 Results   •   Tired of Meal Replacement Shakes That Taste Like Flavored Dirt, First-Time Entrepreneurs Launch Soul ShāXe in the Midst of   •   Preliminary Injunction Hearing Scheduled Concerning Religious And Private School Classroom Shutdown   •   Bayer and Direct Relief Team Up to Help Remove Barriers So More Women Can Gain Access to Contraceptives   •   Statement on Donation of over 60,000 N95 Masks to Community Centers Providing Health and Mental Health Services to Underserved H   •   Children's puppet act wins Zigazoo "media star competition"   •   Launch Sequence Initiated: Pikmin 3 Deluxe Lands on Nintendo Switch on Oct. 30   •   e.l.f. Beauty and Alicia Keys Announce the Creation of A Lifestyle Beauty Brand   •   GOJO is Supporting K-12 Schools with PURELL® Products, Education, and Training   •   The Committee of 100 Donates 850,000 N95 Masks to Communities in Need   •   AARP Survey: 83% of Global Executives Agree Multigenerational Workforce is Key to Growth and Success   •   Consumers Are More Likely to Post Online Reviews for Larger Ticket Home Improvement Items, J.D. Power Finds   •   Kane Brown and The Crown Royal Purple Bag Project Team Up with Veterans to Release "Homesick (Veterans Version)" and Give Back t
Bookmark and Share

Sallie Mae Private Student Loans Help Students and Families Cover College Costs

NEWARK, Del. , July 06 /Businesswire/ - While the landscape may look different this fall, more than 80% of families are making plans to attend college this year. Inevitably, the conversation turns to how families will pay for that education. After scholarships, grants, and federal financial aid, private student loans like those offered by Sallie Mae, can be a smart and responsible option to cover remaining costs. And with variable interest rates near historic lows, now is the time for families to explore their options.

“While colleges and universities assess and adjust plans for the fall semester, one thing is clear, families are unwilling to let coronavirus’ disruption steer them off course,” said Jennifer O’Donald, senior vice president, Sallie Mae. “Sallie Mae is well-capitalized and committed to offering competitively priced private student loans that students and families expect and trust from the market leader. Even if college may look different than planned this fall, Sallie Mae stands ready to help families take that next step with confidence and peace of mind.”

With competitive variable and fixed rates, Sallie Mae’s private student loans for college have no origination fees or prepayment penalties. Whether attending school online or on campus, Sallie Mae’s Smart Option Student Loan is available to undergraduate students attending degree-granting institutions and can cover all school-certified expenses for the school year, including tuition, fees, books, supplies, housing, meals, travel, and other expenses. Sallie Mae also offers a private Parent Loan, a Career Training Loan, and a suite of Graduate Loans with competitive variable and fixed interest rates, no origination fee, and a choice of repayment options.

Smart Option Student Loan customers can choose to make monthly interest-only or a $25 fixed payment while in school or defer payments until after school. Customers can reduce their interest rate by as much as 1.25 percentage points when they enroll in the automatic debit option and choose the in-school interest payment option. Additionally, students are nearly four times more likely to be approved when they apply with a creditworthy cosigner, and it may also help them secure a better interest rate.

The Sallie Mae Smart Option Student Loan also offers:

Full-year borrowing: Full-year borrowing means students can apply once and receive the funds they need for an entire school year, securing a single loan to manage for the full year, rather than by semester.

Chegg Study Benefit: All Sallie Mae undergraduate private student loan customers receive four months of free access to study tools and thousands of tutors, available 24/7 through Chegg.

Repayment flexibility: Students have 18 months after leaving school to request a Graduated Repayment Period offering greater budget flexibility by allowing customers to make 12 interest-only payments before transitioning into full principal and interest payments.

Cosigner release: Customers may apply to have their cosigner released from the loans after they graduate, meet certain credit requirements, and make 12 on-time principal and interest payments — the shortest qualification period among private student lenders.

For more information, or to apply visit


Sallie Mae (Nasdaq: SLM): Believes education and life-long learning, in all forms, helps people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

STORY TAGS: Product/Service, Other Education, University, Finance, Primary/Secondary, Education, Banking, Other Consumer, Professional Services, Women, Teens, Parenting, Pets, Children, Family, Consumer, Delaware, United States, North America,


White House Live Stream
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Sounds Make the News ®
Atlanta - WAOK-Urban
Berkley / San Francisco - KPFA-Progressive
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
Washington - WOL-Urban

Listen to United Natiosns News