Sallie Mae Education Loan for Indian Citizens
Fund your US education with Sallie Mae’s no-fee loans, offering APRs from 3.59% and up to 100% cost of attendance coverage.

Overview
Sallie Mae provides flexible, no-fee education loans for Indian international students pursuing degrees in the USA. Covering up to 100% of the cost of attendance with APRs starting at 3.59%, Sallie Mae offers multiple repayment options and a 6-month grace period.
Key Features & Benefits
- ✔ Loan Amount: $1,000 to 100% COA.
- ✔ Grace Period: 6 months post-graduation.
- ✔ Repayment Tenure: 5–20 years, depending on program.
- ✔ APRs: 3.59%–15.49% (fixed), 4.50%–15.69% (variable).
- ✔ No Fees: No origination or prepayment fees.
- ✔ Flexible Payments: Deferred, $25/month, or interest-only.
- ✔ Credit Building: Builds US credit history.
- ✔ Cosigner Release: After 12 on-time payments.
Eligibility Criteria
Student:
- Indian citizen studying in the USA.
- Residing in the USA with a physical address.
- Enrolled half-time in a Title IV, degree-granting program.
- Valid government-issued photo ID (e.g., passport).
Co-signer (Mandatory):
- US citizen or permanent resident.
- Credit score ≥ 650, strong credit history.
- Stable income, no recent bankruptcies.
Documents Required
Student:
- Passport, US visa, SSN/ITIN (if available).
- Proof of US address (utility bill, lease).
- Admission letter, cost of attendance document.
- Academic transcripts, GRE/TOEFL/IELTS scores.
- Financial proof (bank statements, scholarships).
Co-signer:
- US driver’s license or passport.
- Proof of US address.
- Income proof (pay stubs, tax returns).
- SSN, credit report authorization.
Interest Rates & Charges
Sallie Mae offers competitive fixed and variable APRs with no origination or prepayment fees, plus a 0.25% autopay discount.
Loan Type | APR (p.a.)* | Fees | Collateral |
---|---|---|---|
Fixed Rate (Undergraduate/Graduate) | 3.59%–15.49% | None (Late: 5%, up to $25) | Not required |
Variable Rate (Undergraduate/Graduate) | 4.50%–15.69% | None (Late: 5%, up to $25) | Not required |
*APRs include 0.25% autopay discount. Rates vary based on credit and market conditions. Contact Sallie Mae for personalized rates.
Application Process
- Submit Inquiry: Fill out our quick online form.
- Expert Guidance: Connect with our loan advisor for Sallie Mae options.
- Document Prep: Gather documents with our assistance.
- Application: Apply online via Sallie Mae’s website.
- Disbursal: Funds released to school within 5–10 days post-approval.