Sallie Mae Information

How does Sallie Mae funding work?

Sallie Mae provides private student loans. Private student loans are credit-based, which means your credit is checked when you submit your application. This check will not affect your credit score. 

What is a private student loan?

A student loan is money that’s loaned to you by a bank or other financial institution to help pay for your education. All loans need to be paid back. When you pay back loans for school, your repayment amount includes the full amount you borrowed, plus interest (the amount your lender charges you for borrowing the money).

What's a cosigner and what are the benefits of having one?

Students are nearly 4 times more likely to be approved with a cosigner since many students haven’t had time to build up their own credit. A cosigner is someone who shares responsibility with you for paying back the loan and is often a parent, but can be any creditworthy adult.

Where can I apply for Sallie Mae?

Use this link: Apply for Sallie Mae. You can use this link for college planning through Sallie Mae: https://www.salliemae.com/college-planning/

Does Sallie Mae also provide scholarships?

Great question! Yes they do. You can get scholarship money for college by applying at this link: Sallie Mae Scholarship.

What types of student loans are available?

For CIAT, you can use private student loans for undergraduate or certificate programs. 

How much money can you receive in private student loans?

For private student loans in general, you may be approved to borrow up to 100% of your school-certified costs for the entire year, if needed.

You should borrow only what you can afford to pay back later. Consider how much you may earn in your future career. Use a responsible borrowing approach. Use free money first and explore federal loans before considering private student loans. To help estimate your future income potential, you can visit the US Department of Labor at bls.gov.