What is the interest rate on Sallie Mae student loans?
Asked a year ago
The interest rate on Sallie Mae student loans is variable and depends on multiple factors such as the type of loan, repayment term, creditworthiness, and the chosen interest rate option. Undergraduate student loans typically range from 1.13% to 11.37% APR, whereas graduate student loans can have rates ranging from 1.13% to 10.23% APR. Parent loans, known as the "Parent Loan for Undergraduate Students (PLUS)", have interest rates that vary between 3.74% and 12.99% APR. It's important to note that these rates are current as of writing and may be subject to change. For more specific information about interest rates related to your individual circumstances and loans, it is recommended to visit the Sallie Mae website or contact their customer service.
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