Student loans from Sallie Mae®

Use Student Loans to Pay for College

Easy online student loan application with fast credit results and electronic signature (“eSign”) available for borrowers attending degree-granting institutions.

Use the Sallie Mae Scholarship Finder tool to search for scholarships that may apply to you.

Sallie Mae Smart Option Student Loan® for Undergraduates and the Sallie Mae® Graduate School Loan Details

Variable Interest Rate

Initial rates range from 3.25% to 13.59% APR for undergraduate loans, and 3.75% to 13.38% APR for the Graduate School Loan. 1

Lowest rates shown include the auto debit discount.2

The Smart Option Student Loan is now also available to students at participating non-degree granting schools for professional training and trade certificate courses (culinary, technical, etc.).

Fixed Interest Rate

Range from 3.75% - 13.72% APR for undergraduate loans, and 4.25% - 12.92% APR for the Graduate School Loan. 1

Lowest rates shown include the auto debit discount. 2

Collateral Requirements Must be attending a degree-granting institution. Applying with a cosigner may help your chances of getting approved. Cosigning doesn’t need to be a lifelong commitment. You may apply to release your cosigner from the loan after you graduate, make 12 on-time principal and interest payments and meet certain credit requirements. Releasing the cosigner will not adversely impact the rate on your loan. 3
Loan Amount Up to 100% of school-certified expenses. 4
Features Deferred Repayment Option — Defer payments until after school, or pay as much as you want while in school.1

Fixed Repayment Option — Pay a fixed amount every month while in school, and for six months after graduation. 1

Interest Repayment Option — Make monthly interest payments while in school and for six months after graduation.

Interest Rate Reduction — Receive a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit. 2

Loan Forgiveness — In the event of a student’s death or permanent and total disability.

No Prepayment Penalty 5

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Borrow Responsibly

Regions and Sallie Mae encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

Sallie Mae Smart Option Student Loan® and Sallie Mae Graduate Student Loan Details

For Borrowers Attending Degree-Granting Institutions

Regions Bank is not the creditor for these loans and is compensated for the referral of Sallie Mae loan customers.