4.50%–15.70% APR· #4
Check Your Rate →SLM Corporation
Sallie Mae
America's largest private student loan lender
Sallie Mae's size and track record make it the reliable, familiar choice for families navigating private loans for the first time. Their multi-year approval is particularly valuable — it means your student doesn't have to reapply and requalify for a new loan every fall.
✓ Pros
- America's most established private student loan brand
- Multi-year approval option reduces annual reapplication hassle
- Quarterly FICO score access for all borrowers
✕ Cons
- No unemployment protection or payment pause options
- Cosigner release requires 12 on-time payments (good) but credit check
Scores
Overall
8.7
Safety
8.9
Value
8.7
Ease
8.8
Quality
8.8
Specifications
apr Range4.50%–15.70%
loan Amounts$1,000–full COA
repayment Terms10–15 years
cosigner ReleaseAfter 12 months
multi Year Approvaltrue