Company Offers Competitive Interest Rates, No Origination Fees, and Multiple Repayment Options Ahead of Changes to Federal Student Loan Program

Expanded Access to Graduate and Law Loans Follow Recent Enhancements to Medical School and Dental School Financing Options

NEWARK, Del.--(BUSINESS WIRE)--May 7, 2026-- Sallie Mae (Nasdaq: SLM) today announced expanded access to responsible financing for students pursuing graduate and law degrees. The Sallie Mae ^® Graduate Loan and Sallie Mae ^® Law School Loan offer competitive interest rates, no origination fees, and multiple repayment options during school, and can cover up to 100% of the school-certified cost of attendance.

Graduate and professional programs vary in cost, length, and structure, and many students rely on borrowing to fill gaps after scholarships, grants, and federal financial aid. Sallie Mae has made enhancements so that more qualified students may access funding and designed its graduate and law school loans to help students cover school costs, including tuition, fees, and living expenses. These enhancements build on Sallie Mae’s market-leading graduate-degree loan options, including recent updates to its Medical School Loan and Dental School Loan.

Graduate and Law School Loans Designed for Advanced Degree Programs and Timelines
Sallie Mae’s Graduate Loan and Law School Loan share core features, including:

• Ability to prequalify with no impact on credit scores, allowing students to check eligibility and receive an estimated rate before applying.
• Repayment flexibility, including up to 12 months of interest-only payments, allowing students to ease into repayment as they transition into their careers.
• Cosigner release option, allowing qualified borrowers to apply for cosigner release after meeting graduation, on-time payment, and other eligibility requirements.
• Dedicated graduate and professional student support teams, with experience supporting advanced degree timelines and requirements.
• 100% U.S.-based loan servicing, providing support from application through repayment.

Graduate Loan Options for a Range of Programs
The Sallie Mae Graduate Loan supports students pursuing master’s, doctoral, and professional degrees, as well as select graduate certificate programs at participating schools. The loan offers a six‑month grace period after graduation and up to 48 months of deferment for qualifying internships, residencies, or fellowships, giving students time and flexibility before full payments begin.

Law School Loan Features Designed for Legal Education and Bar Preparation
The Sallie Mae Law School Loan is built specifically for the law school journey, recognizing the unique costs and career timelines law students face, from coursework and clerkships to bar exam preparation. Repayment terms include a nine‑month grace period after graduation and up to 48 months of deferment for qualifying clerkships or internships. Qualifying law students may also apply for the Sallie Mae^® Bar Study Loan to help cover bar exam preparation costs.

“Students pursuing advanced degrees need a financing partner they can rely on, especially as they navigate changes to federal student loan programs,” said Patrick Freeman, Senior Vice President, Sallie Mae. “We’ve long been a trusted name in responsible student financing, and we’re well prepared to support more students with options to help them confidently access and complete their graduate education programs.”

How Sallie Mae Supports Graduate Student Success Beyond Financing
In addition to responsible private student loans and savings products, Sallie Mae offers free tools and guidance through Sallie to help students and families navigate the higher education journey with confidence. Sallie represents the broader brand that brings those financial products together with a growing set of resources to support students and families at every step, from planning and saving to paying for school, including:

• The $5,000 Graduate School No Essay Scholarship, awarded quarterly through a short application.
• Scholly ^® Scholarship Search , which helps students find and apply for scholarships aligned with their background and goals, including nearly 2,000 scholarships for graduate students.
• The Bridging the Dream Scholarship for Graduate Students, available June 1 and offered through The Sallie Mae Fund, which will award 20 scholarships this year worth $200,000.

To learn more about Sallie Mae’s graduate and professional school loan options, visit SallieMae.com.

Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Category: Student Loans

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Katarina Ellison
Katarina.Ellison@salliemae.com

Source: Sallie Mae