If you successfully secure a Sallie Mae student loan with no cosigner, expect a high monthly payment and a relatively higher interest rate. Applying for a Sallie Mae student loan with no cosigner can come with a price, but for many its worth it. Sparing your family the pressure of student loan payments is something many borrowers are looking for

Financial minimum credit score required is mid-600's. Minimum income required is No income minimum. Typical credit score of approved borrowers or co-signers is 749.

Student loans can be very expensive to pay off, especially for people who are working low-income jobs. The loans are waived off as these people are providing a valuable service to the community.