Today, Sallie Mae’s new lower interest rates and zero fees for the Smart Option Student Loan® go into effect. For loans credit approved on or after May 10, 2010, our rates will range from LIBOR + 2.500% to LIBOR + 9.875%. Also effective today, there will be no disbursement or repayment fees on our Smart Option Student Loan, regardless of the applicant’s or cosigner’s credit.


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