Latest news with #SallieMae
Yahoo
13-07-2025
- Business
- Yahoo
Best savings interest rates today, July 13, 2025 (best accounts offering 3.9% APY)
Find out how much you could earn with today's savings rates. The Federal Reserve cut its target rate three times in late 2024, which means savings interest rates are falling from their historic highs. It's important to be sure you're getting the best rate possible when shopping around for a savings account. The following is a breakdown of savings interest rates today and where to find the best offers. The national average savings account rate stands at 0.38%, according to the FDIC. This might not seem like much, but consider that three years ago, it was just 0.06%, reflecting a sharp rise in a short period of time. As of July 13, 2025, the highest savings account rate available from our partners is 3.9% APY. This rate is offered by Sallie Mae® and requires no minimum deposit. Since these rates may not be around much longer, consider opening a high-yield savings account now to take advantage of today's high rates. Here is a look at some of the best savings rates available today from our verified partners: The amount of interest you can earn from a savings account depends on the annual percentage rate (APY). This is a measure of your total earnings after one year when considering the base interest rate and how often interest compounds (savings account interest typically compounds daily). Say you put $1,000 in a savings account at the average interest rate of 0.42% with daily compounding. At the end of one year, your balance would grow to $1,004.12 — your initial $1,000 deposit, plus just $4.12 in interest. Now let's say you choose a high-yield savings account that offers 4% APY instead. In this case, your balance would grow to $1,040.81 over the same period, which includes $40.81 in interest. The more you deposit in a savings account, the more you stand to earn. If we took our same example of a high-yield savings account at 4% APY, but deposit $10,000, your total balance after one year would be $10,408.08, meaning you'd earn $408.08 in interest. Read more: What is a good savings account rate?
Yahoo
08-07-2025
- Business
- Yahoo
Sallie Mae to Release Second-Quarter 2025 Financial Results
Webcast Scheduled for Thursday, July 24, at 5:30 p.m. ET NEWARK, Del., July 08, 2025--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will release second-quarter 2025 financial results after market close on Thursday, July 24, 2025. A live audio webcast and presentation slides will be available at and the hosting website. Investors should log in at least 15 minutes prior to the broadcast. The earnings news release will be available at A replay will also be available on the site. Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America. Category: Corporate and Financial View source version on Contacts Media Rick Investors Kate Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
08-07-2025
- Business
- Business Wire
Sallie Mae to Release Second-Quarter 2025 Financial Results
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will release second-quarter 2025 financial results after market close on Thursday, July 24, 2025. A live audio webcast and presentation slides will be available at and the hosting website. Investors should log in at least 15 minutes prior to the broadcast. The earnings news release will be available at A replay will also be available on the site. Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America. Category: Corporate and Financial
Yahoo
16-06-2025
- Business
- Yahoo
Financing Your Medical Degree at Texila American University in Guyana
GEORGETOWN, Guyana, June 16, 2025 /PRNewswire/ -- Texila American University (TAU) College of Medicine – Guyana today announced a significant expansion of its financial aid offerings, including official approval as a Sallie Mae partner school, dramatically increasing the accessibility of its accredited Doctor of Medicine (MD) program for students across North America and beyond. This initiative reinforces TAU's commitment to removing financial barriers for aspiring physicians seeking a world-class international medical education. U.S. Student Loan Programs – Sallie Mae Partnership Texila American University is now a Sallie Mae–approved institution, empowering eligible students to finance their medical education through private student loans. Sallie Mae® Medical School Loan for Future PhysiciansSallie Mae's Medical School Loan offers comprehensive financial support to help students in TAU's Doctor of Medicine (MD) program cover the full cost of attendance, including tuition, housing, books, and board preparation. Key benefits include: Up to 100% of education costs covered A 36-month grace period after graduation before repayment begins An extended 48-month residency deferment option Credit-based loan application for U.S. citizens and permanent residents And much more. Students can apply online directly with Sallie Mae, and TAU will certify the loan amount. Additionally, Sallie Mae offers a separate Residency and Relocation Loan of up to $30,000 to cover expenses related to interviews and relocation for residency. "Our mission is to cultivate the next generation of medical leaders, and that begins with accessibility," said TAU President Saju Bhaskar. "Our partnership with Sallie Mae is a monumental step forward, ensuring that talented and determined U.S. students have a clear and supportive financial route to achieving their MD at Texila. We believe that financial constraints should not stand in the way of a world-class medical education." Canadian Student Loan Options Texila American University is dedicated to supporting our Canadian students with multiple pathways to finance their education. Government Aid: OSAP Approved: Texila American University College of Medicine is an approved school for the Ontario Student Assistance Program (OSAP), providing access to loans and grants for eligible Ontario residents. Federal and Provincial Aid: All Canadian students are eligible to apply for federal aid through the Canada Student Financial Assistance Program. We also assist students with documentation for assistance from other provinces, such as British Columbia, Alberta, and Nova Scotia. Private Funding: Student Lines of Credit: Many central Canadian banks (including RBC, Scotiabank, TD, and BMO) offer professional student lines of credit up to CAD 200,000, often with interest-only payments during studies. Scholarship Opportunities TAU offers an extensive range of scholarships to reward academic excellence and support students from diverse backgrounds. These programs are competitive and available for eligible incoming students. Highlights include: Merit-Based: The Texila President Scholarship (full-tuition for Pre-Med) and the MCAT Scholarship (up to $1,000 per semester for high scores). Regional: The Global Citizen Grant (10-20% of MD tuition for non-Caribbean/Guyanese), CARICOM Scholarship (10-20% tuition), and Guyana Scholarship (up to 50% tuition). Specialized: The U.S. Military & Veteran Scholarship and the Medical Professional Scholarship, each offering up to $1,000 per semester. Please note: Students are typically eligible for only one scholarship at a time. The admissions committee is the final authority on all awards. "These comprehensive financial solutions empower students to focus on what truly matters: their education," remarked Dr. Hugh Duckworth, Provost. "Whether through Sallie Mae for our U.S. students, OSAP for Canadians in Ontario, or our diverse scholarship programs, we are building a supportive ecosystem. This allows students to confidently join our triple-accredited (CAAM-HP, ACCM, BAC) program, excel in their U.S. clinical rotations, and ultimately achieve success in U.S. residency placements." About Texila American University College of Medicine – Guyana TAU in Guyana offers a high-quality medical education designed to prepare graduates for global careers, particularly in the United States. As the only Caribbean medical school with CAAM-HP, ACCM, and BAC accreditations, TAU provides a quality-assured pathway to U.S. practice. Our graduates are ECFMG-eligible and benefit from a U.S.-aligned curriculum, U.S. clinical rotations in Arizona hospitals, and a proven 80% U.S. residency placement rate since 2015. With 4-year and 5.5-year MD programs, students learn on a diverse campus in Guyana featuring advanced labs and a supportive, international community from over 45 countries. This combination of accreditation, proven outcomes, and financial accessibility makes Texila American University a strong choice for students aiming to become successful doctors. For more information on enrollment, programs, or financial aid opportunities, please visit our website: If you have specific questions or would like to schedule a meeting, please email us at admissions@ Or Apply Now: Media Contact:Nisarg Patel, MD – Director of Admissions Ph: 1-732-226-2651 || Email: Texila American University College of Medicine – Guyana View original content to download multimedia: SOURCE Texila American University Sign in to access your portfolio
Forbes
10-06-2025
- Business
- Forbes
Private Student Loan Rates: June 10, 2025 - Loan Rates Start To Increase
Rates on 10-year fixed-rate private student loans moved up last week. If you're interested in picking up a private student loan, you can still get a relatively low rate. Featured Partner Offers College Ave 4.24% to 17.99%¹ 3.24% to 17.99%¹ College Ave Via College Ave's Website Sallie Mae 4.37% to 15.99% 3.45% to 16.49% Sallie Mae Via Sallie Mae's Website Ascent 4.70% to 15.26%* 3.39% to 15.86%* Ascent Via Ascent's Website The average fixed interest rate on a 10-year private student loan was 7.31% from June 2 to June 7. That's for borrowers with a credit score of 720 or higher who prequalified on student loan marketplace. The average interest rate on a five-year variable-rate loan was 10.00% among the same population, according to These rates are accurate as of the week of June 2, 2025. Related: Best Private Student Loans The average fixed rate on 10-year loans last week jumped by 0.50 percentage point to 7.31%. The week prior, the average stood at 6.81%. Borrowers currently in the market for a private student loan will receive a lower rate than they would have at this time last year. At this time last year, the average fixed rate on a 10-year loan was 7.66%, 0.35 percentage point higher than today's rate. A borrower who finances $20,000 in private student loans at today's average fixed rate would pay around $235 per month and approximately $8,251 in total interest over 10 years, according to Forbes Advisor's student loan calculator. Average variable rates on five-year loans moved up last week, from 8.63% on average to 10.00%. In contrast to fixed rates, variable interest rates fluctuate over the course of a loan term. Variable rates may start lower than fixed rates, especially during periods when rates are low overall, but they can rise over time. Private lenders often offer borrowers the option to choose between fixed and variable interest rates. Fixed rates may be the safer bet for the average student, but if your income is stable and you plan to pay off your loan quickly, it could be beneficial to choose a variable loan. If you were to finance a $20,000 five-year loan at a variable interest rate of 10.00%, you'd pay approximately $425 on average per month. In total interest over the life of the loan, you'd pay around $5,496. Of course, since the interest rate is variable, it could fluctuate up or down from month to month. If you reach the annual borrowing limits for federal student loans or if you're otherwise ineligible for them, private student loans may be a good choice. But consider a federal student loan as your first option since the interest rates are typically lower. You'll also receive more liberal repayment and forgiveness options with federal student loans. When shopping for a private student loan, you'll generally need to apply directly through a non-federal lender. This includes banks, credit unions, nonprofit organizations, state agencies, colleges and online entities. It's important to note that you'll need a qualified co-signer if you have limited credit history, as undergraduates often do. Here's what to consider when applying for a private student loan: When looking for the best private student loan option, take a close look at the overall cost of the loan, including the interest rate and fees. It's also important to consider the type of help the lender offers if you can't afford your payments. Remember, those with good or excellent credit typically get the best rates. Experts generally recommend that you borrow no more than what you'll earn in your first year out of college. While some lenders cap the amount of money you can borrow each year, others don't. When comparing loans, figure out how the loan will be disbursed and what costs it covers. If you need to borrow for school, federal student loans are generally the best option. This is because federal loans offer various borrower protections, such as access to income-driven repayment plans and student loan forgiveness programs. Additionally, most federal loans don't require a credit check or co-signer. The rate you receive depends on whether you're getting a fixed or variable loan. Rates, in part, are based on your credit profile. Those with higher credit scores often get the lowest rates. But your rate is based on other factors as well. Income and even the degree you're working on and your career can play a part. It's generally a good idea to max out your eligibility for federal financial aid before borrowing private student loans, but private loans have some benefits. For one thing, they don't have the same annual borrowing limits as federal loans. Many lenders let you borrow up to your cost of attendance minus any other financial aid you've already received. Plus, you can usually apply throughout the year with a fast, easy online application. For instance, you can apply for a private loan if you need funds halfway through the semester. Some lenders can fund your loan in a week or two, though others take longer. Private lenders can also offer competitive interest rates, especially to borrowers with excellent credit. Some private loans don't have any fees, so you don't have to worry about origination fees, administrative fees or even late fees in some cases. You also may not have to make payments on your private student loan while you're in school or for six to nine months after you graduate, depending on the lender. Some lenders offer additional perks to borrowers, such as forbearance and deferment, the option to skip a payment or career counseling services. Some private lenders offer loans to international students. International students are not eligible for federal student loans from the U.S. Department of Education, so a private student loan can provide the funds they need for college or graduate school in the U.S.
