About Scholarship
This loan can help you to cover the cost of education. Borrowers can apply up to 300 days prior to the start of the enrollment period and can choose between a variable or fixed interest rate. Sallie Mae also offers multiple repayment options and an interest rate reduction when you enroll in and make monthly payments via auto debit. There is no origination fee and no prepayment penalty. Repayment term is between 5 and 15 years which can vary based on the loan amount and year in school.
