Sallie Mae - an online student loan lender

Why It's One of the Best

Due to its quick cosigner release time, Sallie Mae is our pick as the top lender for cosigners. After graduating, making 12 timely principal and interest payments, and satisfying certain credit conditions, borrowers may submit an application to have their cosigner released from the loan.

Variable Rates

5.49% - 15.83% 

Fixed Rates
4.50% - 14.83% 

Loan Amounts
$1,000 - 100% of the school-certified cost of attendance

The most well-known provider of student loans, Sallie Mae, has its headquarters in Newark, Delaware. It was established as a government organization in charge of servicing federal student loans. Sallie Mae then changed into a fully privatized bank between 1997 and 2004 and started dispensing private student loans. Sallie Mae now holds the greatest market share for private student loans. Moreover, it has increased the range of products it offers by adding savings accounts, credit cards, and more. Borrowers who use Sallie Mae can benefit from features like Multi-Year Advantage and no application or origination costs.