Public Service Loan Forgiveness (PSLF)
Working in government service or for a non-profit organization might qualify you for the public service loan forgiveness program (PSLF). However, to fully qualify ...
Private Student Loans
The smart way to pay for college
Attending college is an investment in the future, but there are plenty of expenses involved, and not everything is covered by scholarships or federal loans. Sallie Mae® higher education loans are designed for the needs of undergraduates and graduate students.
- Competitive interest rates
- Multiple repayment options
- No origination fees; no prepayment penalty1
Student loans from Salem Five in partnership with Sallie Mae® could help, find out which loan is right for you:
Helpful Calculators
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Borrow responsibly
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.
These loans are made by Sallie Mae Bank or a lender partner. Salem Five is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers. Click here for additional eligibility information about each product.
Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
Loans for Undergraduate & Career Training Students are not intended for graduate students and are subject to credit approval, identity verification, signed loan documents, and school certification. Student must attend a participating school. Student or cosigner must meet the age of majority in their state of residence. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident), and provide an unexpired government-issued photo ID. Requested loan amount must be at least $1,000.
Graduate School Loan and Graduate School Loan for Health Professions are for graduate students at participating degree-granting schools and are subject to credit approval, identity verification, signed loan documents, and school certification. Student or cosigner must meet the age of majority in their state of residence. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident), and provide an unexpired government-issued photo ID. Requested loan amount must be at least $1,000.
1 Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.
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Bank, are not sponsored by or agencies of the United States of America.