Sallie Mae private loans are a useful option for undergraduate and graduate students who are not eligible for Direct Loans, or for students who wish to apply for funding after a session is over.
Funding is provided up to your Cost of Attendance.
Please be aware that Sallie Mae private loans can have higher interest rates than the rates for Direct Loans (Subsidized, Unsubsidized or PLUS). If you're eligible for Direct Loans, it may be in your best interest to explore that option first.
To be eligible for a Sallie Mae private loan you must be:
Sallie Mae funding is an option for students in programs that are not eligible for Direct Loans:
If you are in a program that is not eligibile for Direct Leans, please email our office at usloans.inquiry@ubc.ca
If you're an independent undergraduate students or a dependent students whose parents did not apply or qualify for a Parent PLUS loan, Sallie Mae private laons can supplement your Cost of Ettendance.
If you register in less than 6 credits per funded term, you may not be eligible for living costs.
Sallie Mae will automatically notify UBC that your application has been submitted. UBC will then complete a Cost of Attendance based on the specific costs of your program of study and a moderate standard of living. UBC will email you when your loan is approved.
*Please note: Sallie Mae loan cheques are issued in US dollars and may be held by the bank for 30 days while the funds clear.
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