The NEA Smart Option Student Loan by Sallie Mae is an ideal solution for families who need help paying for undergraduate or graduate college expenses not covered by scholarships, grants or federal student loans.
The NEA Smart Option Student Loan provides these benefits for students attending degree-granting institutions:
- NEA Exclusive Rate Reduction—Receive a 0.25 percentage point interest rate reduction after making 12 consecutive on-time payments.1
- Receive a 0.25 percentage point interest rate reduction while enrolled to make payments by automatic debit.2
- Competitive variable rates start from 4.00% APR to 10.86% APR.3 We also offer fixed interest rates from 5.74% APR to 11.85% APR.3
- No origination fee or prepayment penalties.
- Borrow up to 100% of the school-certified costs of attendance.4
FLEXIBLE REPAYMENT OPTIONS
- Defer your payments until after graduation or choose an in-school repayment option that best fits your needs.3
- Scholarship Search Tool
- College Planning Mobile App
- College Planning CalculatorSM
- College Planning Calendar
Applying online is easy--it only takes about 15 minutes to apply and get a credit result!
Watch a brief overview of the different programs you can use
to help fund the cost of a college education.
Paying for College
1-4 For more important information on the rate, fees and other conditions of this program, please see the Terms and Conditions.
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.
This information is for borrowers attending degree-granting institutions only. You must be attending or have attended a participating school located in the U.S. during an eligible prior enrollment period. You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. U.S. citizens and permanent residents enrolled in eligible study abroad programs or who are attending or have attended schools located outside the U.S. are also eligible. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
Information advertised valid as of 4/25/2018.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.
NEA’s Member Benefits Corporation receives compensation from Sallie Mae for this program. NEA’s Member Benefits Corporation does not receive any dues dollars from NEA to support Member Benefits programs.
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