When federal loan programs aren't enough, the Signature Student Loan® from Student Loan Finance Association offers flexibility at an affordable price. The Signature Student Loan is a privately insured, credit-based loan.

How to Applystudents

Borrowers can complete the online application and get preapproved in less than five minutes with your Social Security number. You can apply on your own or with a cosigner. If you do not have an established credit history, applying with a cosigner may help you. Interest rates and fees are based on the credit history of you or your cosigner. Cosigners will need the student's Social Security number and PIN. International students will need to apply with a creditworthy cosigner who must be a U.S. citizen or permanent resident.

Student Apply Online

Cosigner Apply Online

Eligibility

You are eligible for a Signature Student Loan if you meet the following criteria:

  • Undergraduate, graduate or international student
  • Pursuing a degree at a four- or five-year college or university, that is approved by the Department of Education, on at least a half-time basis
  • Age of majority (usually age 18) in your permanent state of residence.
  • Meet the minimum credit requirements

Benefits

  • Borrow up to the cost of attendance
  • No income requirements for students
  • No payments while in school
  • No disbursement fees

Interest Rate Options

With two credit-approved borrowers (student borrower and cosigner):

Borrower Credit Disbursement Fee Repayment Fee Interest Rate
Excellent 0% 0% Prime minus 0.25%
Good 0% 3% Prime plus 1%
Fair 0% 3% Prime plus 5%

With one credit-approved borrower (either student borrower or cosigner):

Borrower Credit Disbursement Fee Repayment Fee Interest Rate
Excellent 0%> 3% Prime plus 0.5%
Good 0% 3% Prime plus 2%
Fair 0% 3% Prime plus 6%

Cumulative Education Debt Limit

  • With a cosigner: no limit
  • Without a cosigner: $100,000 undergraduates, $150,000 graduate students

Loan Rates and Terms

Annual Loan Amount

  • $500 minimum
  • Borrow up to cost of attendance minus other aid

Repayment Terms

  • Six-month grace period, just like Stafford Loans
  • Cosigner release option available after making 24 on-time payments of principal and interest (a credit check applies)
  • 24x7 online account management with Manage Your LoansSM
  • 15-year repayment term, with extended repayment options available

Stafford and PLUS Loans are also offered through Washington First, a product of Student Loan Finance Association. To learn more about Signature Student Loans or other Student Loan Finance Association products, call 877.330.4455.

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A product of Student
Loan Finance Association

Terms and conditions apply. Sallie Mae and Signature Student Loan are registered service marks and Manage Your Loans is a service mark of Sallie Mae, Inc. SLM Corporation and its subsidiaries, including Sallie Mae and Student Loan Finance Association, are not sponsored by or agencies of the United States of America. © 2006 Student Loan Finance Association. All rights reserved.