Best Student Loan Rates For August 2022


Last Updated: July 15, 2024


Nitro's helped 3+ million students navigate paying for college. Compare top lenders below and borrow thoughtfully.

Private Student Loan Options For 2022

Working with a reputable lender is key to ensuring that you’re getting a loan that you’ll be able to pay back

Sallie Mae® has developed a wide range of private education loans, and other education-related services to help make students' dreams of higher education a reality.
  • Loan Types: Undergraduate & Graduate
  • Loan Terms: 10 - 15 years2
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Why Get a Student Loan from Sallie Mae?

Students and families can invest in their education with private education loans designed to responsibly bridge the gap between personal resources and federal student aid.

Private education loans:

Sallie Mae is committed to serving their borrowers so they can successfully pay their loans and build their credit.

  • 100% U.S. based loan originations and loan servicing representatives
  • Financial literacy resources
  • 24/7 account self-service available online and by phone
  • Team dedicated to helping our borrowers in the military

Key features of Smart Option Student Loan® from Sallie Mae:

  • Competitive interest rates — variable rates start from 4.00% APR to 14.34% APR1 for undergraduate students (as of November 3, 2022). Lowest rates shown include the auto debit discount.
  • Pay now or later - Defer your payments until after school or choose an in-school repayment option that fits your needs.1
  • Discounts: Save with auto debit - get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.1
  • Detailed review of Sallie Mae Student Loans

Get the money you need for school from Sallie Mae

Nitro is your no-nonsense plan to afford college.

Pay for college the responsible way.

  1. Maximize Financial Aid
  2. Win Scholarships
  3. Borrow thoughtfully

When evaluating private student loans, be sure to compare:

  • Annual percentage rate (APR)
  • Loan types
  • Loan terms
  • Total cost of the loan (Look beyond the monthly payment!)

Adding a parent or adult with good credit history and income to your application may improve your chances of being approved.