Meet Sallie Mae's credit criteria. The maximum is the cost of attendance minus other aid received. With this loan program, there is no dollar limit to how much you can borrow over your lifetime. Interest and Fees Interest rates and fees will vary depending on credit history, the business school, and whether you have a co-borrower for your loan.
Interest begins accruing on the day the funds are disbursed.
The accrued interest is capitalized following the grace period when the repayment period begins. You have up to 25 years, depending on your loan balance, to repay the loan. Repayment begins 6 months after you graduate, leave school, or drop below half-time enrollment, whichever comes first. In addition to a standard payment plan, Sallie Mae offers various repayment options and borrower benefits that reward you for consistent on-time payments, lower payments if you repay electronically, and accommodate fluctuations in your financial situation with different payment schedules. It's easy to apply.