By the numbers
Smarty Pants
Parents Just Don't Understand
Those "Other" Loans
Potpurri
100
2009
What is the year that SOSL launched?
100
Grace Period
What is the six month period after a student separates from school, after which principal and interest loan payments start
100
April 2016
What is when Parent Loan launched?
100
The loan for career training/certificate schools?
What is CT SOSL?
100
NEA Smart Option Student Loan is the only partner to offer this
What is the only Partner with a special loan benefit (.25 rate reduction after 12 on time payments?
200
Eight
What is the number of Private Loan products Sallie Mae offers
200
This benefit, launched in 2015, tells borrowers where they stand credit-wise
What is FICO Score?
200
Principal and Interest Repayment
What is the new repayment option launched for Parent Loan
200
These Sallie Mae loans are Consumer Loans
What is Bar Study, R/R and K12?
200
This person's credit will not be considered on a Parent Loan
Who is the student?
300
15 minutes or less
How long does it typically take to complete a SOSL application?
300
Three Repayment Option Names
What is Interest Only; $25 Fixed and Deferred
300
This person wants to take out a loan in their name and give a student the gift of education
Who is a Parent Loan borrower?
300
This loan up to 3% fee
What is the K12 loan?
300
Grace Period and Graduated Repayment are not offered on this loan
What is Parent Loan?
400
90%
What is the % of SOSL loans that are cosigned
400
Benefit for which Sallie Mae has the shortest window before borrowers can apply
What is cosigner release?
400
These people must be a US Citizen or Permanent Resident to apply for Parent Loan
Who is the borrower, cosigner and student?
400
What feature can be used for up to 48 months
What is internship/residency deferment for Bar/RR?
400
Funds for these loans are sent directly to the borrower
What is Bar Study and R/R?
500
$25
What is the amount of a fixed pay payment?
500
You'll save the most money on your loan if you choose this repayment option
What is Interest Repayment?
500
168 months
What is the maximum repayment term for a Parent Loan?
500
The number of CT SOSL repayment options
What is two?
500
A 1‐year interest‐only payment period at the onset of repayment
What is Graduated Repayment Plan?