- IE Financial Aid Blog - https://financialaid.blogs.ie.edu -

Update on Sallie Mae Loans: Interest Rate and Fee Reductions

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.