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Sallie Mae's 1-2-3 Approach to Paying for College

With Sallie Mae's 1-2-3 Approach to Paying for College, we encourage students and families to tap the most affordable education funds first and minimize education loan debt upon graduation.

Step 1.

Use Free Money First. Students should fill out the FAFSA to access need-based grants and research and apply for scholarships. Students should consider supplementing grants and scholarships with current income and college savings.
Step 2.

Explore Federal Loans. Available to both students and parents regardless of need, federal loans offer low, fixed interest rates and flexible repayment options.
Step 3.

Fill Any Gap with Private Student Loans. After students have pursued free money and federal loans, private student loans may be available to cover the rest of their education costs.

Undergraduate Student

Undergraduate Student Private Student Loans

Undergraduates, Help finance the costs of attending college; for school expenses not covered by federal aid. A Private Student Loan for undergraduate students can help with your education-related expenses. It can also be a smart way to build credit.

New: Smart Option Student Loan®

As you determine the best way to finance your education, you should consider the full range of student financial aid options available. Undergraduate Private student loans can be used either alone or when federal loans, grants and other forms of financial aid are not sufficient to cover the full cost of education.

New: SunTrust Academic Answer

SunTrust Academic Answer Loan
- Borrow up to $100,000 for undergraduate study, and $150,000 for graduate study* with a maximum per academic year of your school's cost of attendance, minus any federal loans, scholarships, or grants.