What is the maximum loan amount for Sallie Mae?
James Craig
Published May 20, 2026
Private student loan limits
| Lender | Private student loan minimums and limits |
|---|---|
| Sallie Mae | Minimum loan amount: $1,000 Maximum loan amount: School-certified cost of attendance |
| SoFi | Minimum loan amount: $5,000 Maximum loan amount: School-certified cost of attendance |
Sallie Mae’s medical residency and relocation loans can be used to cover the cost of your board examination fees, travel, and moving expenses. You can borrow up to $30,000, and there are no origination fees or prepayment penalties.
What is the maximum amount of private student loans you can get?
Graduate students can borrow up to $20,500 annually and $138,500 total, which includes undergraduate loans. For private student loans, limits vary by lender, but you may be able to borrow up to your entire cost of attendance, excluding other financial aid.
How do I pay off 100k in private student loans?
Here’s how to pay off 100k in student loans:
- Refinance your student loans.
- Add a creditworthy cosigner.
- Pay off the loan with the highest interest rate first.
- See if you’re eligible for an income-driven repayment plan.
- If you’re eligible, map out steps to student loan forgiveness.
What are the different types of Sallie Mae loans?
Sallie Mae private student loans for degree-granting schools. Federal student loans (Direct Subsidized, Unsubsidized, or PLUS) Fixed and variable rates : Auto debit discount . Interest, Fixed, or Deferred Repayment Options available to students during school : Origination fee : Less-than-half-time enrollment eligibility
When did Sallie Mae stop making student loans?
The bottom line: Sallie Mae was originally founded in 1973 as a federally guaranteed student loan program. Today it makes private student loans, but it stopped servicing federal loans in 2014. Its private loan is best for part-time students and those who want flexibility with repayment.
Can a non US citizen apply for a Sallie Mae loan?
Non-U.S. citizens, including DACA students, can apply with a U.S. co-signer. You can’t see if you’ll qualify and what rate you’ll get without a hard credit check. Information not available on minimum qualifying credit scores or income. NerdWallet’s ratings are determined by our editorial team.
What kind of rating does Sallie Mae have?
Sallie Mae is a four-star lender based on NerdWallet’s student loan rating system. Our ratings prioritize low interest rates and flexible repayment options that allow borrowers to repay loans faster and avoid default.
