Sallie Mae – Offering Loans to Families with Children in Grades K-12

Sallie Mae's private, credit-based K-12 Family Education LoanSM can cover the cost of a student's tuition for private, primary, and secondary school education, including preparatory, military, parochial, Montessori, boarding schools, and others.

The loan can finance all education-related expenses, including tuition, room and board, books, computers, musical instruments, sports and theater, and other extracurricular activities that enrich a child's learning experience. Borrowers can manage their K-12 Family Education LoanSM account online any time and will not be penalized for prepayment.

All institutions must be licensed or accredited by the department of education in the states in which they operate, if required by that state, or must be accredited by a recognized national education association.

Sallie Mae – Offering Loans to Students at Non-Degree-Granting Institutions

Sallie Mae's Career Training Smart Option Student Loan® is available for qualifying students attending non-degree-granting institutions for career training.

The Career Training Smart Option Student Loan® offers competitive interest rates, allowing students to graduate with less loan debt and pay off their loans faster.¹ This is achieved by offering shorter repayment terms, based on loan balance, and two repayment options. It is a good choice after students have exhausted financial aid, scholarships and federal loans.

Repayment Options

Interest repayment option

• Full monthly interest payments while students are in school and for six months thereafter
• Students can build credit while avoiding interest capitalization
• Based on loan balances, 5- to 15-year repayment term1,2
• Students save an average of 30% over the life of the loan

Fixed repayment option
With the fixed repayment option, your students pay a little now to save a lot later. A typical student can save an average of $6,000 compared with a traditional 15-year, payment-deferred private student loan and pay back the loan five years sooner.²

• $25 fixed monthly payments while in school and for six months thereafter³
• No penalty for prepaying, enabling students to pay more when their budget allows
• Based on loan balances, 5- to 15-year repayment term
• Students save an average of 20% over the life of their loan1,2

Features and Benefits of the Sallie Mae Career Training Smart Option Student Loan®

• Flexible Amount: Students can borrow up to 100% of their school certified education costs (minimum $1,000).
• Interest Rate Reduction: Loan interest rate can be reduced by 0.25 percentage points while enrolled to make recurring, scheduled monthly payments by automatic debit4.
• No Prepayment Penalty
• Rewards for Paying on Time: Students can get a 2% Smart Reward® in their Upromise® account when they make scheduled monthly payments on time while in school and six months afterwards5
• Competitive Interest Rates
• Cosigning Option: Students that apply with a creditworthy cosigner may increase their chances for approval and qualify for a lower interest rate. Then, after graduating and making at least 24 consecutive, on-time principal and interest payments, they may apply to release their cosigners from responsibility for loan repayment6, making the Smart Option Student Loan attractive for cosigners as well.
• Death and Disability: Sallie Mae was the first national private education lender to provide loan forgiveness for a cosigner if the student borrower dies or becomes permanently disabled. If a student borrower becomes permanently and totally disabled because of a condition that began or deteriorated after the date he or she obtained the loan, we will waive all remaining payments on the loan. (Excludes those who lived in Alaska or Montana when they applied for the loan.)

TERMS & CONDITIONS

Borrower must attend an eligible school and be enrolled in an eligible program. U.S. citizens enrolled in eligible study abroad programs or studying at medical schools outside the United States are also eligible. International students are eligible with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and appropriate U.S. Citizenship and Immigration Service documentation. Borrower must meet current credit and other eligibility criteria.

1 As compared to a traditional, 15-year deferred payment private student loan. Interest rates on loans with the Fixed Repayment Option are higher than rates on loans with the Interest Repayment Option. Interest rates are variable and may increase after consummation.

2 Savings based on typical loan to a borrower attending a non-degree-granting institution whose planned term for enrollment is approximately one academic year.

3 The following repayment example is for informational purposes only and is an example of available loan terms of the Career Training Smart Option Student Loan with the Fixed Repayment Option made to a borrower whose planned term for enrollment is approximately one academic year at a non-degree-granting institution: A $10,000 loan with two disbursements, no grace, a disbursement fee of 5% and a 12.90% APR. APR is variable and may increase after consummation. Repayment consists of 15 fixed $25/month payments during the in school and separation period, followed by 95 principal and interest payments of $185.73 per month and one payment of $185.18, for a total amount paid of $18,204.53.

4 Recurring automatic monthly payments must be successfully deducted from designated bank account for rate reduction to apply. Benefit suspended during periods of forbearance and certain deferments.

5 While a Upromise member, primary borrower (must be of age of majority - typically 18 years old) can earn reward into his or her Upromise account of 2% of the scheduled loan payment amount for each on time payment during the in school and separation periods. After two consecutive past due payments, the loan is no longer eligible for the reward. Benefit subject to the terms and conditions of the Upromise service (as may be amended from time to time), including without limitation, restrictions on conversion, transfer and redemption of rewards, reward denomination, including whether and under what circumstances the rewards have independent cash value, and terms relating to fees and/or the forfeiture of rewards. Upromise Accounts are not FDIC insured, carry no bank guarantee and may lose value.

6 To qualify for cosigner release, borrower must meet age of majority requirements, be a U.S. citizen or permanent resident, and meet the underwriting requirements when the release request is processed.

Terms and conditions apply to the Upromise service. Participating company, contribution levels and terms and conditions are subject to change at any time without notice. Go to upromise.com to learn more.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK THE SALLIE MAE WEBSITE (www.salliemae.com) TO OBTAIN THE MOST UP-TO-DATE PRODUCT INFORMATION.

Borrower benefit information valid as of 3/5/12.

Sallie Mae, Sallie Mae Bank, Career Training Smart Option Student Loan are and Smart Reward are registered service marks and the Sallie Mae logo is a service mark of Sallie Mae, Inc. Upromise is a registered service mark of Upromise, Inc. SLM Corporation and its subsidiaries, including Sallie Mae, Inc. and Upromise, Inc., are not sponsored by or agencies of the United States of America. © 1995 - 2012 Sallie Mae, Inc. All rights reserved.

Career Training Smart Option Student Loans are made by Sallie Mae Bank or a lender partner.

Sallie Mae – Offering Loans for Medical, Dental, and Veterinary Residency and Relocation

Available in the fourth year of medical, dental, or veterinary school, the Sallie Mae Residency and Relocation Loan can help medical, dental, and veterinary students cover the expenses associated with finding a residency. These could include travel to interviews and relocation costs, which are expenses that are not covered by federal student loan programs. The Residency and Relocation Loan can also assist dental students with board examination expenses.

Discuss with your students the benefits of applying with a cosigner. Although a cosigner isn't required, applying with a creditworthy cosigner may increase the likelihood of being approved, and borrowers can apply to release their cosigner after successfully completing their education and making 24 consecutive on-time principal and interest payments.1

Benefits of the Sallie Mae Residency and Relocation Loan

• Competitive Interest Rates and No Origination Fees
• Loan Limits: Students can borrow from $1,000 to $20,000. Maximum loan amount covers one or more loans in a 12-month period.
• No In-School Payments: Repayment begins three years after graduation, or nine months after leaving school (for borrowers not completing the program) or dropping to less than half-time status.2
• Funds are disbursed directly to the student.
• Interest Rate Reduction: A 0.25 percentage point interest rate reduction is available while the student is enrolled to make monthly payments by automatic debit.3
• International Students: Eligible with a creditworthy cosigner (must be a U.S. citizen or permanent resident) and present U.S. Citizenship & Immigration Service (USCIS) documents. International students must be attending a U.S. medical, dental, or veterinary school.
• No Prepayment Penalty

For more information, talk to your Account Executive.

School Eligibility—To participate in the Sallie Mae Residency and Relocation Loan program, veterinary medical schools are required to be accredited by the American Veterinary Medical Association.

Borrower Eligibility—Borrower must be a U.S. citizen or permanent resident or a foreign borrower applying with a creditworthy cosigner who is a U.S. citizen or permanent resident and present U.S. Citizenship and Immigration Service (USCIS) documents. Foreign borrowers must be attending U.S. medical, dental, or veterinary schools. Borrowers must be enrolled in their final year of study at an allopathic, osteopathic, dental or veterinary medicine school. Borrowers must expect to be awarded the M.D., D.O., D.D.S., D.V.M., or V.M.D. degree during the same academic program year that they are applying for the Residency and Relocation Loan and must meet current credit and other eligibility criteria.

Sallie Mae Residency and Relocation Loans are intended to cover expenses not included in your school's cost of attendance and are funded by Sallie Mae Bank® or a Sallie Mae lender partner.

1 To qualify, borrower must make 24 consecutive on-time principal and interest payments, be a U.S. citizen or permanent resident and meet the underwriting requirements when the release request is processed.

2 Interest is charged while the borrower is in school and during the applicable separation period of either 36 months after graduation or 9 months after withdrawal from school or attendance falling below half-time status. Any interest that remains unpaid when the student enters full repayment will be added to their loan balance.

3 Recurring payment must be successfully deducted from designated account for rate reduction to apply. Benefit suspended during forbearances and certain deferments.

WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION.

Information advertised valid as of January 25, 2013.

Sallie Mae – Offering the Bar Study Loan®

The Sallie Mae Bar Study Loan is a private, credit-based loan designed to help law students finance bar exam costs that are not covered by federal student loan programs—costs such as bar review course fees, exam fees and deposits, as well as living expenses incurred while the student is studying for and taking the bar exam.

Discuss with your students the benefits of applying with a cosigner. Although a cosigner isn’t required, applying with a creditworthy cosigner may increase the likelihood of being approved, and borrowers can apply to release their cosigner after successfully completing their education and making 24 consecutive on-time principal and interest payments.1

Benefits of the Sallie Mae Bar Study Loan

• Loan Limits: Students can borrow from $1,000 to $15,000. Maximum loan amount covers one or more loans in a 12-month period.
• No In-School Payments: Repayment begins nine months after the borrower graduates, drops to below half-time enrollment, or leaves school.2
• Funds are disbursed directly to the student.
• Interest Rate Reduction: A 0.25 percentage point interest rate reduction is available while the student is enrolled to make monthly payments by automatic debit.3
• International Students: Eligible with a creditworthy cosigner (must be a U.S. citizen or permanent resident) and present U.S. Citizenship & Immigration Service (USCIS) documents. International students must be attending U.S. law schools.
• No Prepayment Penalty

For more information, talk to your Account Executive.

Borrower Eligibility: Students may apply for a Bar Study Loan if they are enrolled at least halftime in their final year of study or have graduated from law school in the last 12 months. They must also be sitting for the bar exam no later than 12 months after graduation.

Student must be a U.S. citizen or a non-citizen permanent resident without conditions and with proper evidence of eligibility, or an international student borrowing with a creditworthy cosigner who is a U.S. citizen or non-citizen permanent resident.

Credit criteria and eligibility requirements apply.

Sallie Mae Bar Study Loans are made by Sallie Mae Bank® or a lender partner. Bar Study Loans are intended to cover expenses not included in your school’s cost of attendance.

1To qualify, borrower must make 24 consecutive on-time principal and interest payments, be a U.S. citizen or permanent resident and meet the underwriting requirements when the release request is processed.
2Interest is charged while in school and during the 9 month separation period. Any interest that remains unpaid when the borrower enters full repayment will be added to their loan balance.
3Recurring payment must be successfully deducted from designated account for rate reduction to apply. Benefit suspended during forbearances and certain deferments.


WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION.

Information advertised valid as of January 25, 2013.