Whether you're enrolled in community college to further your education or are seeking to enhance your job skills, our Signature Student Loan for Community Colleges can help you achieve your dreams.

Eligibility

• Loan available for classes that begin before June 1, 2009; applications will be accepted through April 30, 2009.
• You must attend an eligible community college or a four- or five-year college at least half time and be working toward your degree.
• You must meet current credit criteria.

Benefits

• Competitive interest rates that reward creditworthiness.
• If you do not have an established credit history, applying with a creditworthy cosigner may help you qualify for the loan. Even if you have an established credit history, you may be eligible for a lower interest rate if you apply with a creditworthy cosigner.
• Borrowers may apply for a cosigner release after successful completion of their education.¹

Features

• Easy online applications with fast credit decision and electronic signature.
• No minimum income requirement.
• Six-month grace period.²
• Available for U.S. students in study abroad programs.
• International students are eligible with a cosigner (who must be a U.S. citizen or permanent resident) and applicable CIS documents.
• 24/7 account management.
• Combined billing is available for Sallie Mae-serviced student loans.

Loan terms

Loan limits

$1,000 minimum loan amount.

Borrow as much as you need to pay for your education, up to the cost of attendance as certified by your school and confirmed by Sallie Mae, less other financial aid received.*

Interest rate

• Manage your credit well and you may qualify for a lower interest rate.
• The Signature Student Loan has interest rates that reward good credit. Interest rates are variable and reset monthly.

Fees

Loan fees range from 0% to 6%.

Repayment

• Several repayment plans are available, including standard, graduated, and extended.
• Consider making interest payments while you are in school to lower the amount you must pay back.
• Prepay your loan at any time without penalty.

Another way to help pay down your loan

With Upromise Loan Link^SM student and parent borrowers who join Upromise^® can link their Sallie Mae loan account to their Upromise account and use their Upromise rewards to help pay down their eligible Sallie Mae-serviced student loans. Visit www.salliemae.com/upromise to learn more and enroll today.

¹ The release of a cosigner is at the sole discretion of Sallie Mae. The borrower must have a satisfactory history of making principal and interest payments and meet underwriting guidelines when the request for cosigner release is processed. The borrower's account must remain current until the request for release is processed and the borrower
must be a U.S. citizen or permanent resident at the time the cosigner release is processed.

² Deferring payment while in school and in the grace period will increase the overall loan costs. Unpaid interest that accrues while you are in school and in the grace period will be capitalized (added to your loan amount) at repayment.

* Sallie Mae reserves the right to approve a lower loan amount than what the school has certified.

Signature Student loans are funded by Sallie Mae Bank^® or a Sallie Mae lender partner.

Access to Upromise is not limited to Sallie Mae loan customers. Terms and conditions apply.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BORROWER BENEFITS (INCLUDING INTEREST RATE REDUCTIONS), AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE (SALLIEMAE.COM) CLOSE TO THEIR LOAN APPLICATION DATE, AND AGAIN BEFORE DISBURSEMENT, TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING PRODUCTS, SERVICES, AND BORROWER BENEFITS.

Subject to the above, borrower benefits are effective for Signature Student loans first disbursed on or after June 1, 2008 and serviced by Sallie Mae.

Sallie Mae, Sallie Mae Bank, and Signature Student loans are registered service marks of Sallie Mae, Inc. Upromise and Upromise Loan Link are service marks or registered service marks of Upromise, Inc.