You are receiving this email as part of a free
information service from University Business Magazine. |
FOR DEGREE-GRANTING INSTITUTIONS ONLY.
|
|
The smartest student loan in the market just got better—Sallie Mae’s Smart Option Student Loan®.
 NEW! Market-Leading Rates on the
Smart Option Student Loan1
This week we’re announcing new lower interest rates on the Smart Option Student Loan, across all three repayment options. For loans credit approved on or after May 16, 2011, our rates will range from:
LIBOR + 2% to + 9.875%.
And your students will also continue to benefit from having no origination or repayment fees, regardless of the applicant’s or cosigner’s credit.
NEW! Free Tuition Insurance Benefit
Students can now get the money they need, and the peace of mind they want—exclusively with the Smart Option Student Loan. Sallie Mae’s new Tuition Insurance Benefit covers up to $5,000 of tuition and other expenses lost due to a covered medical withdrawal. 2 This new safeguard is free and it’s only available with loans first disbursed between July 1 and October 31, 2011.
Click on the links below for more information:
|
|
HELPFUL LINKS
|
|
|
THIS EMAIL MESSAGE CONTAINS AN ADVERTISEMENT OR SOLICITATION.
NOT FOR CONSUMER OR BORROWER DISTRIBUTION.
|
| 1 |
Interest rates on loans with the Fixed and Deferred Repayment Options are higher than rates on loans with the Interest Repayment Option. Rates and fees shown are available for borrowers attending degree‐granting institutions only. APRs for borrowers attending non‐degree‐granting institutions range from 8.00% to 13.76% with an origination fee of up to 5%. Origination fees mean application or disbursement fees. Interest rates are variable and may increase after consummation. Deferred repayment option is not available for non‐degree‐granting institutions. Unpaid interest will capitalize when loan enters principal and interest repayment. |
| 2 |
Benefit is available with Smart Option Student Loans that first disburse between 7/1/11 and 10/31/11. Borrowers attending
degree‐granting institutions are automatically enrolled in the Tuition Insurance Benefit for 4 months beginning the day of the
first loan disbursement and may extend the benefit another 8 months (for a full year of coverage) simply by activating within
the 4 months initial coverage period. The complimentary Tuition Insurance Benefit covers up to $2,500 per semester ($5,000
total per policy) of payments of tuition, room and board, books and fees that are lost if the student withdraws from school
for a covered medical reason. Additional coverage is available for purchase. If the loan under which the benefit is provided is
canceled, the free coverage provided by the Tuition Insurance Benefit will terminate. The Tuition Insurance Benefit is a group
insurance policy with College Parents of America offered through Next Generation Insurance Group, LLC, and is provided to
students at no charge. Students cannot be enrolled in more than one complimentary Tuition Insurance Benefit at a time. For
the sole purpose of fulfilling the complimentary Tuition Insurance Benefit, Sallie Mae will share customer information with
unaffiliated insurance services companies, the underwriting insurance company and their technology partners, and College
Parents of America. |
|
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES AND BENEFITS AT ANY TIME WITHOUT
NOTICE. CHECK THE SALLIE MAE WEBSITE (SallieMae.com) TO OBTAIN THE MOST UP‐TO‐DATE PRODUCT INFORMATION.
Sallie Mae Smart Option Student Loans are made by Sallie Mae Bank® or a lender partner. Information advertised valid as of
May 16, 2011. The Sallie Mae logo, Sallie Mae, Sallie Mae Bank, and Sallie Mae Smart Option Student Loan are registered
service marks of Sallie Mae, Inc. SLM Corporation and its subsidiaries, including Sallie Mae, Inc., are not sponsored by or
agencies of the United States of America. ©2011 Sallie Mae, Inc. All rights reserved. MKT2638
|
This message was mailed to [EMAIL] as part of a free information service from University Business.
To unsubscribe from these informational messages, please click here. University Business is the magazine for university presidents, business officers and top higher education executives. View our Privacy Policy.
Published by: University Business, 488 Main Ave., Norwalk, CT, 06851
|
|
|