Business
Sallie Mae Expands Access to Responsible Financing For Students Pursuing Graduate and Law Degrees
NEWARK, Del., May 07, 2026--Sallie Mae (Nasdaq: SLM) today announced expanded access to responsible financing for students pursuing graduate and law degrees. The Sallie Mae ® Graduate Loan and Sallie Mae ® Law School Loan offer competitive interest rates, no origination fees, and multiple repayment options during school, and can cover up to 100% of the school-certified cost of attendance.
About this update from Slm Corporation
Company Offers Competitive Interest Rates, No Origination Fees, and Multiple Repayment Options Ahead of Changes to Federal Student Loan Program Expanded Access to Graduate and Law Loans Follow Recent Enhancements to Medical School and Dental School Financing Options NEWARK, Del., May 07, 2026--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM) today announced expanded access to responsible financing for students pursuing graduate and law degrees. The Sallie Mae ® Graduate Loan and Sallie Mae ® Law School Loan offer competitive interest rates, no origination fees, and multiple repayment options during school, and can cover up to 100% of the school-certified cost of attendance. Graduate and professional programs vary in cost, length, and structure, and many students rely on borrowing to fill gaps after scholarships, grants, and federal financial aid. Sallie Mae has made enhancements so that more qualified students may access funding and designed its graduate and law school loans to help students cover school costs, including tuition, fees, and living expenses. These enhancements build on Sallie Mae’s market-leading graduate-degree loan options, including recent updates to its Medical School Loan and Dental School Loan. Graduate and Law School Loans Designed for Advanced Degree Programs and TimelinesSallie Mae’s Graduate Loan and Law School Loan share core features, including: Graduate Loan Options for a Range of ProgramsThe Sallie Mae Graduate Loan supports students pursuing master’s, doctoral, and professional degrees, as well as select graduate certificate programs at participating schools. The loan offers a six‑month grace period after graduation and up to 48 months of deferment for qualifying internships, residencies, or fellowships, giving students time and flexibility before full payments begin. Law School Loan Features Designed for Legal Education and Bar PreparationThe Sallie Mae Law School Loan is built specifically for the law school journey, recognizing the unique costs and career timelines law students face, from coursework and clerkships to bar exam preparation. Repayment terms include a nine‑month grace period after graduation and up to 48 months of deferment for qualifying clerkships or internships. Qualifying law students may also apply for the Sallie Mae® Bar Study Loan to help cover bar exam preparation costs. "Students pursuing advanced degre...