Sallie Mae Smart Option Student Loans
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Loan Features and Benefits
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Cover your education costs
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You can use the Sallie Mae Smart Option Student Loans to cover your tuition and other education-related expenses.
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No fees
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There is no prepayment penalty.
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How much you can borrow per year
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Minimum $1,000
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Interest Rate
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The Smart Option Student Loan has interest rates that reward good credit and are as low as Prime + 0% for borrowers with excellent credit. Interest rates are variable and reset monthly.
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Repayment Options
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You may take up to 15 years to repay your loan with one of the following options:
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Standard repayment option, you make level, monthly payments of principal and interest. The minimum monthly payment is $30.00.
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Interest-only repayment option, you make interest-only payments while you are in school and begin standard repayment of principal and interest once school is completed.
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Deferred repayment option, you may defer payments for up to 12 months, not to exceed the anticipated graduation date on the application. You are required to make a $10.00 monthly payment during deferment. This $10.00 payment will be toward the interest that accurse on the account during deferment. After deferment, you will begin standard repayment of principle and interest.
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Who can apply
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The Smart Option Student Loan is a private, credit-based student loan for technical training or trade school, online courses, and other continuing education programs.
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General information and account inquiries
Toll free: (888) 2-SALLIE
(888-272-5543)
Our Interactive Voice Response System is available 24 hours a day, seven days a week.
Customer service representatives are available:
Monday-Thursday, 8 a.m.-8 p.m. in your time zone
Friday, 8 a.m.-5 p.m. in your time zone
Education Connection - Apply Now
Steps to start your online Sallie Mae Loan application:
- Click on "Apply Now"
- Look UNDER "Apply with a cosigner" and click on "If your cosigner is not present or if you are not an adult who would like to apply individually, click here"
- Select the state, "South Carolina"
- Select the school, "Florence-Darlington Tech College"
- Click on "Submit"
- Read the terms of use, then click on "I Accept"
- Start keying in your personal information
If you have any questions concerning the online application, please call Sallie Mae Help Desk: 1-888-272-5543
For further assistance, please call the school at 843-413-2718.
General