Nellie Mae offers competitive student loans that meet schools' and students' needs for flexible, convenient, and cost-effective education financing. Learn more about how our student loans can help your students and their families be brilliant: Visit our loan center.

Federal Family Education Loan Program
As a participant in the Federal Family Education Loan Program (FFELP), Nellie Mae offers Federal Stafford Loans, Federal PLUS Loans, and Federal Consolidation Loans with lucrative borrower benefits:

Stafford Loans

• We pay the origination fee on Nellie Mae Stafford Loans.
• With Nellie Mae Cash Back^®, eligible Stafford Loan borrowers can receive a check or credit equal to 3.3% of their original principal loan balance,* after making their first 33 payments as initially scheduled.
• Borrowers receive a 0.50 percentage point interest rate reduction for authorizing payments from a checking or savings account.±

Nellie Mae ParentPLUS Loans

• With Nellie Mae PLUSback®, eligible parents can receive a 2.4% loan credit after making their first 24 payments as initially scheduled.
• Borrowers receive a 0.75 percentage point interest rate reduction after making their first payment as initially scheduled. Benefit continues during active repayment as long as payments are made as initially scheduled. Benefit reinstatement opportunity** if a payment is missed.

Nellie Mae GradPLUS Loans

• 0.25 percentage point interest rate reduction awarded at first disbursement. The benefit continues for the life of the loan.
• 1 percentage point interest rate reduction* awarded after the first payment is made as initially scheduled. Benefit continues during active repayment as long as payments are made as initially scheduled. Benefit reinstatement opportunity** if a payment is missed.
• 0.50 percentage point interest rate reduction for authorizing payments from a checking or savings account.±
• With Nellie Mae PLUSback, earn a 2.4% loan credit* after the first 24 payments are made as initially scheduled.

Federal Consolidation Loans

• Borrowers who consolidate $7,500-$9,999 qualify for a 0.25% interest rate reduction when they make auto-debit payments. For those with initial consolidation balances of $10,000 and above, the interest rate reduction increases to 1.25 percentage points after 36 on-time payments.

Nellie Mae helps borrowers manage student debt. Learn about Nellie Mae's Financial Success series.

Private loan programs
Nellie Mae provides affordable private funding with EXCEL Loans. When students and their families need to supplement federal loan amounts or if they are not eligible for federal aid, Nellie Mae's EXCEL, Student EXCEL, and GradEXCEL Loans can help them meet their financing needs and help your school meet its enrollment goals.

New! Upromise Loan Link^SM-for Nellie Mae federal and private loan borrowers-helps borrowers repay their Sallie Mae-serviced loans using savings from the borrower's Upromise Rewards account.

Here's how it works:

• Each quarter, savings balances of at least $25 are automatically transferred to pay down eligible loans, which can reduce the overall cost of borrowing.
• Borrower signs up for Upromise and links their Sallie Mae loan account to the Upromise account.
• Borrower accumulates cash rewards through everyday purchases made from Upromise partners.

Here are the highlights:

• May be applied to a prior-year's tuition balance as long as the student is currently enrolled
• Repayment options of up to 30 years
• Two interest rate options (monthly variable or annual variable)
• No-fee terms available on Student EXCEL and GradEXCEL Loans
• Interest rate reduction for GradEXCEL Loan borrowers who enroll in automatic debit payments
• Early co-borrower release available for Student EXCEL borrowers