Affordable rates and fees based on your credit
The K-12 Family Education Loan offers interest rates as low as
Prime + 1% and fees as low as 2% (see APR examples) for
borrowers with excellent credit. Our interest rates and fees are
structured so you get the best possible terms that we offer based
on your credit history.

Long repayment terms
You can take up to 20 years to repay the loan (see APR examples),
which can keep your payments low and affordable. There are no
prepayment penalties. Standard repayment of level, monthly
payments of interest and principal begin 30 days after the loan is
disbursed. Minimum monthly payment is $30 (see APR examples).

Borrow for both tuition and expenses
You can borrow from a minimum of $1,000 up to the total cost of
your child’s education for tuition and other education-related
expenses such as books, computers, room and board, musical
instruments, sports and other extracurricular activities. A portion of
the tuition must be financed to be eligible to finance other
education-related expenses. Up to 60% of the tuition amount is
allowable for other expenses, not to exceed $6,000. Terms may
vary by school. There is no aggregate loan limit.

Apply with a cosigner and save
If you do not have an established credit history, you may still qualify
for a loan by applying with a creditworthy cosigner. If you have a
creditworthy cosigner with a credit rating that is better than yours, it
may lower your interest rate and loan fee. Interest rates and fees are
tiered based on your and your cosigner’s (if applicable) credit history.
Creditworthy borrowers may request a cosigner release after making
the first 24 consecutive, on-time monthly payments of principal and
interest.

Give your child the gift of a private education
With a K-12 Family Education Loan from Sallie Mae,
private school may be affordable. Apply today at
www.salliemae.com/k12loan. The seeds of
knowledge you plant now will grow for a lifetime.
Customer Service Monday – Thursday: 9 a.m. – 7 p.m.;
Friday: 9 a.m. – 6 p.m. EST. 1-888-2-SALLIE
www.slmfinancial.com or www.salliemae.com

Apply today
You can apply for Sallie Mae’s K-12 Family Education Loan online
at www.salliemae.com/k12loan . Credit decisions are processed
on our secure servers, which will return a decision usually within
less than a minute. You may also request an application by
calling 1-888-2-SALLIE.

Upon the loan’s approval, Sallie Mae will send loan documents to
you or your school for review and signature. When the documents
are returned, Sallie Mae will fund the loan within 48 business hours
of the requested disbursement date on the application. After your loan
has been disbursed, you can check your account balance, review
your payments and download forms through our online account
management tool at www.manageyourloans.com.

Superior customer service
Your loan will be serviced by a Sallie Mae company. Sallie Mae is the
nation’s leading provider of student financial aid for over 30 years.
If you have questions about your loan, just pick up the phone and
call us toll-free at 1-888-2-SALLIE.

Excellent Credit Tier Interest Rate & Fees*
Requested Loan Amount $12,000
Loan Fee 2%; $240
Total Loan Amount $12,240 (includes 2% loan fee)
Interest Rate Prime + 1% = 6.75%
APR 7.00%
Monthly Principal and Interest Payments $93.07 for 240 months

Good Credit Tier Interest Rate & Fees*                                              Requested Loan Amount $12,000Loan Fee 3%; $360
Total Loan Amount $12,360 (includes 3% loan fee)
Interest Rate Prime + 2% = 7.75%
APR 8.15%
Monthly Principal and Interest Payments $101.47 for 240 months

Fair Credit Tier Interest Rate & Fees*
Requested Loan Amount $12,000
Loan Fee 5%; $600
Total Loan Amount $12,600 (includes 5% loan fee)
Interest Rate Prime + 5% = 10.75%
APR 11.49%
Monthly Principal and Interest Payments $127.92 for 240 months

APR Examples
APR Assumptions:
• Prime Rate published in The Wall Street Journal as of March 23, 2005 is 5.75%.
• APR does not change.
• Minimum monthly payment is $30 for standard repayment.
Variable APR: The APR is a variable rate and will increase if the Prime Rate increases.
Repayment begins 30 days after the loan’s disbursement.
* The interest rates and fees represent examples of typical transactions. A range of rates and fees exists within each credit tier (excellent, good, fair), based on the credit ratingof the borrower and cosigner, if there is a cosigner. For example, if you have “fair” credit and obtain a cosigner who has “excellent” credit, your rates and fees may fallwithin the “good” credit tier. Your rates and fees may vary from those shown. All loan fees are capitalized (added to the loan principal).