The CB Student HELP Smart Option Student Loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans.
Call 1-877-458-8285 or click the Apply Now button.


 
Loan Features and Benefits
  • A choice of competitive rates for undergraduate students. Variable interest rates from 2.25% APR to 9.37% APR. We also offer fixed interest rates from 5.74% APR to 11.85% APR.1
  • Lower rates for graduate students. Variable interest rates from 2.25% APR to 7.27% APR. Fixed interest rates from 5.74% APR to 8.56% APR. 2
  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate. You can apply to release your cosigner after you graduate and make 12 consecutive on time principal and interest payments.3
  • No origination fees and no prepayment penalty.
  • A lower interest rate - Receive a 0.25 percentage point interest rate reduction while enrolled to make scheduled payments by automatic debit.4
  • Pay now or later - defer your payments until after school or choose an in-school repayment option that fits your needs.1

ENCOURAGE RESPONSIBLE BORROWING

We encourage students and families to supplement their savings by exploring grants, scholarships, federal and state student loans, and to consider the anticipated monthly payments on their total student loan debt and their expected future earnings before considering a private education loan.
  • Smart Reward® Cash Back - Students who become Upromise® members (which is free to join) and choose the Interest or Fixed Repayment Option can get a Smart Reward in their Upromise account of 2% of their scheduled monthly payments that are made on time while in school.5
  • A quick credit result - Applying online is fast and easy. It only takes about 15 minutes to apply and get a credit result.
  • Borrow up to 100% of your school-certified cost of attendance (minimum $1,000).6
  • Graduated Repayment Period - The Smart Option Student Loan is the only nationwide private student loan offering a Graduated Repayment Period feature7, providing budget flexibility for graduating students. Students who graduate and maintain their Sallie Mae loans in good standing can request to make 12 interest-only payments instead of full principal and interest payments after their separation period.8
 


This information is for borrowers attending degree-granting institutions only. Credit criteria and eligibility requirements apply.

*The Sallie Mae partner referenced is not the creditor of these loans and is compensated by Sallie Mae for the referral of Smart Option Student Loan customers.

(1) Interest rates for the Fixed and Deferred Repayment Options are higher than for loans with the Interest Repayment Option. Variable rates may increase after consummation. Interest is charged while you are in school and during the 6 month separation period. Any interest that remains unpaid when you enter full repayment will be added to your loan balance.

(2) Interest rates for the Fixed and Deferred Repayment Options are higher than for loans with the Interest Repayment Option. Graduate student pricing on the Smart Option Student Loan is limited to students enrolling in a Masters/Doctorate level degree program. Graduate Certificate/Continuing Education course work is not eligible for graduate student pricing. Variable rates may increase after consummation. Interest is charged while in school and during the 6 month separation period. Any interest that remains unpaid when you enter full repayment will be added to your loan balance.

(3) Only the borrower may apply for cosigner release. The borrower must provide proof of successful completion of school, be a U.S. citizen or permanent resident, be current and have made 12 consecutive on-time payments of principal and interest immediately before applying, provide proof of income and pass a credit when the release request is processed.

(4) Borrower or Cosigner must enroll in auto debit through Sallie Mae. The rate reduction benefit applies only during active repayment for as long as the borrower’s monthly payment amount is successfully deducted from the designated bank account and is suspended during forbearances and certain deferments. For multi-party loans, only one party may enroll in auto debit.

(5) Primary borrower can earn a reward into his or her active Upromise account of 2% of the scheduled loan payment amount for each on-time payment during the in-school and separation periods. Loan payments must remain current to be eligible for the reward. The Smart Reward Benefit and Upromise membership are subject to the terms and conditions of the Upromise service, as may be amended from time to time. Terms and conditions apply to the Upromise service. Participating companies, contribution levels and terms and conditions are subject to change at any time without notice. Go to upromise.com to learn more. Upromise accounts are not FDIC insured, carry no bank guarantee and may lose value.

(6) As certified by your school and confirmed by Sallie Mae, less other financial aid received. Sallie Mae reserves the right to approve a lower loan amount than what the school has certified. Requested amounts exceeding $99,999 may require multiple loans.

(7) Based on an 8/15/14 review of competitors loan programs and repayment features.

(8) Available for loans that first disburse on or after July 1, 2013 to finance academic periods that begin on or after July 1, 2013 at a degree-granting institution. Graduated Repayment Period (GRP) requires interest payments for the initial 12 month period of repayment when you would normally begin making full principal and interest payments (which typically begins six months after graduation) or during the 12 month period after your request is granted, whichever is later. At the time you request GRP, you must have graduated with no interruption in enrollment, be current on payments, and not be more than 30 days late on payments on any student loan. You may request GRP only during the two billing cycles immediately preceding and the two billing cycles immediately after your loan would normally begin requiring full principal and interest payments. GRP does not extend the term of the loan. If you are approved for GRP, your principal and interest payments will be higher than if GRP did not apply, and your total loan cost will increase.

WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

Information advertised valid as of August 25, 2014.

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

The Sallie Mae logo, Sallie Mae, Smart Option Student Loan, and Smart Reward are service marks or registered service marks of Sallie Mae Bank or its subsidiaries. Upromise is a registered service mark of Upromise, Inc. SLM Corporation and its subsidiaries, including Sallie Mae Bank and Upromise, Inc., are not sponsored by or agencies of the United States of America.
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