The Smart Option Student Loan® by CMU SallieMae Student Loans for Carnegie Mellon University Students in Pittsburgh, PA FOR BORROWERS ATTENDING DEGREE-GRANTING INSTITUTIONS

Whether you’re an undergraduate, career training or graduate student these flexible student loans are designed to meet your needs:

  • Competitive variable and fixed interest rates
  • No origination fee or prepayment penalty1
  • Multiple repayment options

Learn which loan is right for you

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. Uloop is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.

Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. Click here for additional eligibility information about each product.

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.


© 2022 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

CMU Sallie Mae Student Loans

The SallieMae Smart Option Student Loan can be highly beneficial for students at Carnegie Mellon University who are looking for financial assistance to cover the cost of attending college. Here are some ways in which this loan can help:

1) Variety of repayment options: The loan offers a range of repayment options, including deferred repayment, interest-only repayment, and immediate repayment. This means that students can choose the option that best fits their current financial situation and repayment preferences.

2) Lower interest rates: The loan has lower interest rates compared to many other private student loans. This means that students can save money over the life of their loan.

3) No origination fees: The loan does not charge an origination fee, which is a one-time fee that many other loans charge. This can save students hundreds or even thousands of dollars.

4) Flexible borrowing limits: The loan offers borrowing limits that can cover up to 100% of the cost of attendance, including tuition, fees, books, room and board, and other related expenses. This means that students can borrow the amount they need to attend CMU without having to worry about gaps in funding.

5) Co-signer release: The loan offers the option for students to release their co-signer after making a certain number of on-time payments. This can be especially helpful for students who may not have a strong credit history or who have difficulty finding a co-signer.

Overall, the SallieMae Smart Option Student Loan can be a useful tool for CMU students who need financial assistance to cover the cost of attending college. It offers flexible repayment options, lower interest rates, and no origination fees, all of which can help students save money and manage their finances more effectively.
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