The Smart Option Student Loan® by BU SallieMae Student Loans for Boston University Students in Boston, MA FOR BORROWERS ATTENDING DEGREE-GRANTING INSTITUTIONS

Whether you’re an undergraduate, career training or graduate student get money for school from Sallie Mae® Student loans from Uloop in partnership with Sallie Mae® could help!

Sallie Mae® student loans are designed for the needs of all types of students.

  • Competitive interest rates
  • Multiple repayment options
  • No origination fees; no prepayment penalty1

Smart Option Student Loan® for undergraduate and career training students Plus, the graduate loan suite is designed to meet the needs of students in specific fields of study.

Find out which loan is right for you

Borrow responsibly

We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

These loans are made by Sallie Mae Bank. Uloop is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.

Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. Click here for additional eligibility information about each product.

1 Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.

© Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

BU Sallie Mae Student Loans

The SallieMae Smart Option Student Loan is a private student loan offered by SallieMae that can help Boston University (BU) students cover their educational expenses, including tuition, fees, room and board, and textbooks. This loan has several benefits that can help students manage their debt:

1. Flexible repayment options: The Smart Option Loan offers three repayment options: deferred repayment, interest-only repayment, and immediate repayment. Students can choose the option that works best for their financial situation.

2. Lower interest rates: SallieMae offers a range of interest rates based on the student's creditworthiness and co-signer status. Students with good credit can receive lower rates.

3. No origination or prepayment fees: There are no upfront fees to take out the Smart Option Loan, and students can pay it off early without any penalties.

4. Cosigner release: After making consecutive on-time payments, students can apply to release their co-signer from the loan.

The SallieMae Smart Option Student Loan can be a useful option for BU students who have exhausted their federal student aid options or need additional funds to supplement their financial aid package. However, students should be aware that private loans have higher interest rates and fewer borrower protections than federal loans. They should also borrow only what they need and consider all their options before taking out a loan.
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