K-12 Family Education Loan
Paying for K-12 private school tuition expenses
Sallie Mae’s K-12 Family Education Loan is an ideal solution for families who need additional flexibility in paying for private education beyond financial aid, personal savings, or traditional payment plans. Get the money you need for tuition, books, computers, musical instruments, sports, room and board, and extracurricular activities.
Encouraging Responsible Borrowing
Sallie Mae has helped more than 30 million Americans pay for college since 1972. 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.
1 This informational repayment example uses typical loan terms available for the K-12 Family Education Loan and has a $10,500 loan with one disbursement, a 3% disbursement fee, and a 12.80% variable APR: 35 payments of $352.79, and one payment of $352.78, for a Total Loan Cost of $12,700.43. Variable rates may increase after consummation.
2 Upromise is a rewards service of Sallie Mae, the nation’s savings, planning, and paying for college company. Sallie Mae has helped more than 30 million Americans pay for college since 1972. To learn more about the benefits of Upromise, visit www.Upromise.com.
3 All institutions must be licensed or accredited by the department of education in the states in which they operate, if required by that state, or must be accredited by a recognized national education association. Applicants must be able to provide proof that the student is enrolled at an eligible school, either through school certification or by providing an enrollment agreement or tuition bill. You must be a U.S. citizen or permanent resident. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
A disbursement fee of up to 3% may apply.
K-12 Family Education Loans are made by Sallie Mae Bank.
Information advertised valid as of 10/26/2015.
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