Student Loan Solutions
Welcome to Nellie Mae's Loan Center, where you can learn more about the education loans that are available. Nellie Mae offers these loans with competitive terms, smart options, convenient online access, and the industry's brightest customer service.
Nellie Mae's Federal Loan Solutions
Federal Stafford LoansSave money with Nellie Mae Federal Stafford Loans!
- Receive a check or credit--equal to 4% of your original principal loan balance--with Nellie Mae Cash Back!
- Receive .60% interest rate reduction for auto-debit payments.
- Pay no origination or default fee!
- Borrow at a low, fixed interest rate.
- Make no payments until you leave school.
Federal PLUS Loans for graduate students
With a GradPLUS Loan from Nellie Mae®, you may be eligible for benefits* that reduce your interest rate from 8.5% to 6.75%, and let you earn a 2.4% loan credit with Nellie Mae PLUSback®! Here's how:
- Earn a 0.25 percentage point interest rate reduction—for the life of the loan—when your loan is first disbursed*
- Earn a 0.50 percentage point interest rate reduction when you choose to have your payments automatically debited from a checking or savings account*
- Earn a 1 percentage point interest rate reduction—after your first on-time payment—with a one-time benefit reinstatement opportunity*
- Earn a 2.4% loan credit—with Nellie Mae PLUSback—after your first 24 on-time payments*
- Borrower benefits are effective for loans serviced by Sallie Mae and first disbursed July 1, 2007 through January 31, 2008. Check back soon for updated information for the remaining 2007/2008 academic year.
And, when you join Upromise®, you can use your Upromise rewards to help pay down balances automatically on your eligible Sallie Mae-serviced student loans by linking your Sallie Mae® account to your Upromise account with Upromise Loan LinkSM! To learn more, or to join Upromise now, go to www.salliemae.com/upromise.
Apply More infoNellie Mae's Private Loan Solutions
Nellie Mae B&B EXCEL Custom Loan
The B&B EXCEL Loan helps final-year law students fund bar and board exam studies.
- Borrow up to $10,000 in addition to the cost of attendance for expenses related to taking the bar exam.
- Get an instant credit decision.
- E-sign your online application.
- Reduce the disbursement fee by applying with a co-borrower.
- Pay no repayment fee when repayment begins while in school.
Nellie Mae EXCEL Custom Loan
EXCEL Custom Loans are perfect for independent students, parents, grandparents, or any creditworthy sponsor!
- Choose the interest rate and repayment schedule.
- Borrow up to the cost of attendance, minus other aid.
- Get an instant credit decision.
- Earn a 0.50 percentage point interest rate reduction for auto-debit payments.
- Borrow up to the cost of attendance, minus other aid.
Nellie Mae LawEXCEL Custom Loan
With a LawEXCEL Custom Loan from Nellie Mae:
- Choose the interest rate.
- Pay no disbursement fee when you apply with a co-borrower.
- E-sign your online application.
- Get an instant credit decision.
- Earn a 0.50 percentage point interest rate reduction for auto-debit payments.
- Avoid the repayment fee by making payments while in school.
LAWLOANS
Brought to you by partnership between Nellie Mae and Sallie Mae, LAWLOANS offer an affordable and convenient option for financing your legal education.
- Generous grace period
- Flexible repayment terms
Nellie Mae's Debt Management Tools
Learn About the Lifecycle of a Loan
Education loans are a different breed than home, car or consumer loans. The process of borrowing an education loan involves many steps and many organizations. Click here to get a better idea of how the system works.
Manage Your Loans
Once you get a Nellie Mae loan, it's easy to track. Simply click here to enroll or log in to your account to review account status, make payments, change your address or payment plan, reduce or postpone your payments or to contact customer service.
Nellie Mae's Student Financial Calculators
Budget Worksheet
Tracking your income and expenses is the first step in developing a sound financial plan. Complete this simple worksheet at the beginning of each semester to give you a snapshot of your finances.
Education Loan Comparison Calculator
Estimate the Annual Percentage Rate (APR) on your existing loan, or evaluate two distinct student loans by comparing APR and monthly payment estimates.
Capitalized Interest Calculator
See the true cost of deferring interest accrual on unsubsidized Federal Stafford Loans, Federal PLUS Loans or private loans. And see how much you can save by making interest payments while enrolled.
Prepayment Savings Calculator
See how much you can save by prepaying or making extra payments on federal or private student loans.
Monthly Payment Calculators
Get a better idea about your repayment options and what your monthly payments would be under a standard, income-sensitive or graduated repayment schedule.
Be brilliant with student loans.