Sallie Mae

 
 
  Parent Resources

Learning the Loan Process

Choosing a Lender

Considering a Cosigner

Borrowing Responsibly
  •  Loan Amounts
  •  Rights and Responsibilities
  •  Terms and Conditions
  •  Real Cost of Borrowing
  •  Student Credit Cards
  •  Credit History
   
Exploring Private Loans

Applying for Loans

Understanding Loan Counseling

Repaying Student Loans

Información en Español
 

 
 
Borrowing Responsibly

Responsible management of your student loans can be easy, help you build a good credit rating, and protect you from having too much debt.

Even if you don't complete your education or not satisfied with it, you must repay your loan. Failing to pay back a loan will put you in default, which can scar your credit rating for years.

This section provides guidance on how to borrow responsibly including only borrowing what you need, knowing your rights and responsibilities, and understanding the terms and conditions of your loan along with the real costs of borrowing.

 
 
 

BeDebtSavvy

Be debt savvy—learn responsible debt management practices, starting with your first student loan and lasting throughout your life.
Learn more >

 
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