The higher education industry is changing and evolving on a daily basis. Your school and your students shouldn't have to settle for the same financing options that were available a decade ago.

Sallie Mae's innovative Smart Option Student Loan^® helps your students graduate with less debt. It is the ideal solution for students who have maximized federal loans, scholarships and grants. Best of all, beginning June 28, students who apply for a Smart Option Student Loan can select either fixed monthly payments of $25/month¹ or full monthly interest payments.

Our new fixed repayment option is ideal for students and families that need a private student loan but don't feel comfortable making full monthly interest payments. Encourage them to sign up for the fixed $25/month repayment option when they apply for a Smart Option Student Loan and they can still save over 20%² compared to a 15-year traditional private student loan where payments are deferred during school. At $25/month, the Smart Option Student Loan is affordable and budget friendly!

Want to learn more about the Smart Option Student Loan and ways that you can help your students save money? Click on the links below for more information or email us at SchoolAnswers@SallieMae.com if you have any questions.

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Sallie Mae Smart Option Student Loans are made by Sallie Mae Bank® or a Sallie Mae lender partner.
¹The $25/month fixed repayment option for Smart Option Student Loans is available for new loan applications initiated on or after June 28, 2010, and is subject to change.

²$25/month fixed payment repayment option is available for new loan applications initiated on or after June 28, 2010, and is subject to change. The savings example uses approximated numbers, is for informational purposes only and is an example of loan terms available through the Smart Option Student Loan. Savings is based on the following assumptions: A Smart Option Student Loan made to a freshman borrower at a degree granting institution of $10,000 with two disbursements and a 10.05% APR [Interest rate of LIBOR + 10.375% (LIBOR of 0. 375% as of 5/25/2010) and no origination fee or disbursement fee]. APR may increase after consummation. Repayment consists of 51 fixed $25/month payments (in-school period of 45 months plus separation period of 6 months), followed by 119 principal and interest payments of $179.79 per month and one payment of $115.65 for total payments of $22,786 (finance charge of $12,786). Compare against a traditional 15-year private student loan for $10,000 where payments are deferred during school and grace periods, an estimated APR of 9.97% and repayment consisting of 179 principal and interest payments of $162.11 per month and one payment of $41.83 (following a 45-month in-school period and 6-month grace period, after which accrued interest is capitalized) for total payments of $29,060 (finance charge of $19,060).

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES AND BENEFITS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE (WWW.SALLIEMAE.COM) TO OBTAIN THE MOST UP-TO-DATE PRODUCT INFORMATION.

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