Sallie Mae UK announces new education loan for United Kingdom residents, works with U.S. Educational Advisory Services, US-UK Fulbright Commission
RESTON, Va., May 1, 2007—Sallie Mae UK, a division of Sallie Mae (NYSE: SLM), today announced the launch of the Sallie Mae UK Education Loan Program to meet the financial needs of U.K. residents attending participating universities in the United Kingdom and the United States when grants, bursaries and government loans may not provide a sufficient means to cover the cost of higher education.
“Until now, I have always had to tell students that one of the only opportunities for an education loan depends on their ability to secure a U.S. cosigner,” said Anthony Nemecek, Director of the Educational Advisory Services, US-UK Fulbright Commission. “With this new program, U.K. students now have the ability to qualify for a loan based on their own credit or that of a qualified U.K. cosigner.”
Sallie Mae UK education loans will allow U.K. students to fund up to the total cost of their education at participating U.K. institutions. The program was designed in response to U.K. university customers’ requests and based on Sallie Mae’s extensive experience in designing private student loan programs of this type in the United States. In addition, Sallie Mae UK is working with U.S. Educational Advisory Services (EAS), US-UK Fulbright Commission to provide U.K. residents interested in studying at colleges and universities in the United States with access to the Sallie Mae UK Education Loan Program. Using grants from the U.S. Government, EAS, which is part of the US-UK Fulbright Commission, provides free, objective information on all aspects of education in the United States.
“We are delighted that Sallie Mae UK has agreed to fund students from the United Kingdom interested in studying in the United States with its new loan program,” said Penny Egan, Executive Director of the US-UK Fulbright Commission. According to Egan, each year, thousands of U.K. residents who are interested in study in the United States participate in events sponsored by EAS and enquire about funding opportunities.
“As the cost of higher education in the United Kingdom continues to rise, we have recognized an increasing need for alternative sources of education finance for U.K. students, particularly at the graduate level,” said Lynn Ross, vice president of Sallie Mae International Education Finance. “Our goal is to help put higher education within reach for many U.K. students who wish to pursue their studies at home or in the United States, and we are pleased to be able to work with the Fulbright Commission in support of increased study abroad opportunities for U.K. students.”
Sallie Mae UK Education loans provide funding for undergraduate and graduate U.K. residents pursuing higher education in the United Kingdom and the United States. The program is available to students enrolled in courses of study leading to a degree at participating universities.
“Until now, I have always had to tell students that one of the only opportunities for an education loan depends on their ability to secure a U.S. cosigner,” said Anthony Nemecek, Director of the Educational Advisory Services, US-UK Fulbright Commission. “With this new program, U.K. students now have the ability to qualify for a loan based on their own credit or that of a qualified U.K. cosigner.”
Sallie Mae UK education loans will allow U.K. students to fund up to the total cost of their education at participating U.K. institutions. The program was designed in response to U.K. university customers’ requests and based on Sallie Mae’s extensive experience in designing private student loan programs of this type in the United States. In addition, Sallie Mae UK is working with U.S. Educational Advisory Services (EAS), US-UK Fulbright Commission to provide U.K. residents interested in studying at colleges and universities in the United States with access to the Sallie Mae UK Education Loan Program. Using grants from the U.S. Government, EAS, which is part of the US-UK Fulbright Commission, provides free, objective information on all aspects of education in the United States.
“We are delighted that Sallie Mae UK has agreed to fund students from the United Kingdom interested in studying in the United States with its new loan program,” said Penny Egan, Executive Director of the US-UK Fulbright Commission. According to Egan, each year, thousands of U.K. residents who are interested in study in the United States participate in events sponsored by EAS and enquire about funding opportunities.
“As the cost of higher education in the United Kingdom continues to rise, we have recognized an increasing need for alternative sources of education finance for U.K. students, particularly at the graduate level,” said Lynn Ross, vice president of Sallie Mae International Education Finance. “Our goal is to help put higher education within reach for many U.K. students who wish to pursue their studies at home or in the United States, and we are pleased to be able to work with the Fulbright Commission in support of increased study abroad opportunities for U.K. students.”
Sallie Mae UK Education loans provide funding for undergraduate and graduate U.K. residents pursuing higher education in the United Kingdom and the United States. The program is available to students enrolled in courses of study leading to a degree at participating universities.