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Choose the student loan that's right for you

Whether you're an undergraduate, graduate student, or parent - we have options to meet your specific needs

Benefit from these features with any loan used for undergraduate or graduate school expenses

  • Rate discount

    Qualify for a discount with auto debit4

  • No origination fee

    No origination fee or prepayment penalty1

  • Multiple repayment options

    Choose the repayment option that's best for you

Undergraduate Student Loan

M&T Bank Undergraduate Student Loan

For bachelor's and associate's degrees or a certificate at a degree-granting school

Variable or fixed interest rate
  • Variable rates: 2.75% APR - 10.65% APR2
  • Fixed rates: 4.74% APR - 11.85% APR2
  • Lowest rates shown include the auto debit discount
3 repayment options2
  • Defer payments until after you graduate
  • Pay monthly interest while in school
  • Pay $25 per month while in school7
Borrow from $1,000 up to 100% of the school-certified expenses3

Rate discount: Get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.4

Cosigner release available: Apply to release your cosigner from your loan after you graduate, make 12 on-time principal and interest payments, and meet certain credit requirements.5

Set yourself up for success with Chegg Study®: You'll get free access to 4 months of Textbook Solutions and Expert Q&A with Chegg Study®, 30 minutes of live online tutoring with Chegg® Tutors, and 4 months of proofreading and citation help with EasyBib® Plus.6

Loan term: 5-15 years of principal and interest payments7

Application Process: When you are applying for a M&T Student Loan, you will be transferred to our servicing provider, Sallie Mae.®

Parent Loan

M&T Bank Parent Loan

For parents or other creditworthy individuals who want to take responsibility for financing their student's undergraduate, graduate, or certificate education at a degree-granting school

Variable or fixed interest rate
  • Variable rates: 5.00% APR - 11.62% APR8
  • Fixed rates: 5.49% APR - 12.87% APR8
  • Lowest rates shown include the auto debit discount
2 repayment options8
  • Interest repayment: While student is in school for up to 48 months, and then principal and interest payments for the remaining life of the loan
  • Principal and interest repayment
Borrow from $1,000 up to 100% of the school-certified expenses3

Rate discount: Get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.4

Set your student up for success with Chegg Study®: This exclusive, free benefit gives your student free access to 4 months of Textbook Solutions and Expert Q&A with Chegg Study®, 30 minutes of live online tutoring with Chegg® Tutors, and 4 months of proofreading and citation help with EasyBib® Plus. 6

Loan term: 10 years of principal and interest payments9

Application Process: When you are applying for a M&T Student Loan, you will be transferred to our servicing provider, Sallie Mae.®

Graduate Student Loans

M&T Bank Student MBA Loan

Pay for your business school expenses as you pursue your Masters of Business Administration degree

Variable or fixed interest rate
  • Variable rates: 3.75% APR - 9.40% APR2
  • Fixed rates: 5.50% APR - 10.23% APR2
  • Lowest rates shown include the auto debit discount
3 repayment options2
  • Defer payments until after you graduate
  • Pay monthly interest while in school
  • Pay $25 per month while in school10
Borrow from $1,000 up to 100% of the school-certified expenses3

Rate discount: Get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.4

Loan term: 15-year repayment term of principal and interest payments10

Application Process: When you are applying for a M&T Student Loan, you will be transferred to our servicing provider, Sallie Mae.®

M&T Bank Medical School Loan

Pay for your medical degree expenses in allopathic, general, osteopathic, podiatric, radiology, sports, and veterinary medicine

Variable or fixed interest rate
  • Variable rates: 3.75% APR - 9.11% APR2
  • Fixed rates: 5.49% APR - 9.98% APR2
  • Lowest rates shown include the auto debit discount
3 repayment options2
  • Defer payments until after you graduate
  • Pay monthly interest while in school
  • Pay $25 per month while in school11
Borrow from $1,000 up to 100% of the school-certified expenses3

Rate discount: Get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payment by auto debit.4

Loan term: 20-year repayment term of principal and interest payments11

Application Process: When you are applying for a M&T Student Loan, you will be transferred to our servicing provider, Sallie Mae.®

M&T Bank Dental School Loan

Pay for your dental degree expenses in general dentistry, endodontics, oral and maxillofacial surgery, orthodontics, pediatric dentistry, periodontics, and prosthodontics

Variable or fixed interest rate
  • Variable rates: 3.75% APR - 9.11% APR2
  • Fixed rates: 5.50% APR - 9.99% APR2
  • Lowest rates shown include the auto debit discount
3 repayment options2
  • Defer payments until after you graduate
  • Pay monthly interest while in school
  • Pay $25 per month while in school12
Borrow from $1,000 up to 100% of the school-certified expenses3

Rate discount: Get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.4

Loan term: 20-year repayment term of principal and interest payments12

Application Process: When you are applying for a M&T Student Loan, you will be transferred to our servicing provider, Sallie Mae.®

M&T Bank Graduate Loan for Health Professions

Pay for your health professions degree expenses in allied health, nursing, pharmacy, and other graduate-level health degrees

Variable or fixed interest rate
  • Variable rates: 3.75% APR - 9.40% APR2
  • Fixed rates: 5.50% APR - 10.23% APR2
  • Lowest rates shown include the auto debit discount
3 repayment options2
  • Defer payments until after you graduate
  • Pay monthly interest while in school
  • Pay $25 per month while in school13
Borrow from $1,000 up to 100% of the school-certified expenses3

Rate discount: Get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.4

Loan term: 15-year repayment term of principal and interest payments13

Application Process: When you are applying for a M&T Student Loan, you will be transferred to our servicing provider, Sallie Mae.®

M&T Bank Law School Loan

Pay for your school and associated expenses as you study for your law degree

Variable or fixed interest rate
  • Variable rates: 3.75% APR - 9.16% APR2
  • Fixed rates: 5.50% APR - 9.99% APR2
  • Lowest rates shown include the auto debit discount
3 repayment options2
  • Defer payments until after you graduate
  • Pay monthly interest while in school
  • Pay $25 per month while in school14
Borrow from $1,000 up to 100% of the school-certified expenses3

Rate discount: Get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.4

Loan term: 15-year repayment term of principal and interest payments14

Application Process: When you are applying for a M&T Student Loan, you will be transferred to our servicing provider, Sallie Mae.®

M&T Bank Graduate Student Loan

Pay for your school and associated expenses as you pursue your master's or doctoral degree

Variable or fixed interest rate
  • Variable rates: 3.75% APR - 9.40% APR2
  • Fixed rates: 5.50% APR - 10.23% APR2
  • Lowest rates shown include the auto debit discount
3 repayment options2
  • Defer payments until after you graduate
  • Pay monthly interest while in school
  • Pay $25 per month while in school15
Borrow from $1,000 up to 100% of the school-certified expenses3

Rate discount: Get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.4

Loan term: 15-year repayment term of principal and interest payments.15

Application Process: When you are applying for a M&T Student Loan, you will be transferred to our servicing provider, Sallie Mae.®

Post-Graduate Loans

M&T Bank Bar Exam Loan

For expenses associated with fees and living costs as you study for the bar exam

  • Variable or fixed interest rate
  • Variable rates: 4.52% APR - 11.44% APR16
  • Fixed rates: 5.75% APR - 12.68% APR16
  • Lowest rates shown include the auto debit discount
Borrow from $1,000 up to $15,000

Rate discount: Get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.4

M&T Bank Bar Exam Loans are intended to cover expenses not included in your school's cost of attendance.

This information is for borrowers who are enrolled at least half-time in their final year of study at a participating ABA-accredited law school located in the U.S., or have graduated from one within the last 12 months. Borrowers should be sitting for the bar exam no later than 12 months after graduation. Borrowers can be U.S. citizens or U.S. permanent residents or Non-U.S. citizens who reside in the U.S. and apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and provide an unexpired government-issued photo ID to verify identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

Application Process: When you are applying for a M&T Student Loan, you will be transferred to our servicing provider, Sallie Mae.®

M&T Bank Medical Residency Loan

For expenses associated with taking board examinations, travel for interviews, and moving for your medical residency

  • Variable or fixed interest rate
  • Variable rates: 4.49% APR - 10.99% APR17
  • Fixed rates: 6.52% APR - 12.00% APR17
  • Lowest rates shown include the auto debit discount
Borrow from $1,000 up to $30,000

Rate discount: Get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.4

M&T Bank Residency Loans are intended to cover expenses not included in your school's cost of attendance.

To participate in the M&T Bank Residency Loan program, veterinary medical schools are required to be accredited by the American Veterinary Medical Association, medical schools are required to be accredited by the Liaison Committee on Medical Education or the American Osteopathic Association's Commission on Osteopathic College Accreditation, and podiatric schools are required to be accredited by the Council on Podiatric Medical Education.

This information is for borrowers who are pursuing or have received a M.D., D.O., D.P.M., D.V.M., or V.M.D. degree. Borrowers must be enrolled at least half time in their final year of study at a participating allopathic, osteopathic, podiatric, or veterinary medicine school, or have graduated from one within the past 12 months. Borrowers must be U.S. citizens or U.S. permanent residents, if the school is located outside of the United States. Non-U.S. citizen borrowers who reside in the U.S. are eligible with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and are required to provide an unexpired government-issued photo ID to verify identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

Application Process: When you are applying for a M&T Student Loan, you will be transferred to our servicing provider, Sallie Mae.®

M&T Bank Dental Residency Loan

For expenses associated with taking board examinations, travel for interviews, and moving for your dental residency

  • Variable or fixed interest rate
  • Variable rates: 4.49% APR - 10.99% APR17
  • Fixed rates: 6.52% APR - 12.00% APR17
  • Lowest rates shown include the auto debit discount
Borrow from $1,000 up to $30,000

Rate discount: Get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.4

M&T Bank Residency Loans are intended to cover expenses not included in your school's cost of attendance.

To participate in the M&T Bank Residency Loan program, dental schools are required to be accredited by the American Dental Association.

This information is for borrowers who are pursuing or have received a D.D.S. or D.M.D. degree. Borrowers must be enrolled at least half time in their final year of study at a participating dental school, or have graduated from one within the past 12 months. Borrowers must be U.S. citizens or U.S. permanent residents, if the school is located outside of the United States. Non-U.S. citizen borrowers who reside in the U.S. are eligible with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and are required to provide an unexpired government-issued photo ID to verify identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

Application Process: When you are applying for a M&T Student Loan, you will be transferred to our servicing provider, Sallie Mae.®

Borrow responsibly
We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

All lines of credit and all terms referenced are subject to credit approval and other conditions. Other terms, conditions, fees and restrictions may apply.

M&T Bank Undergraduate Student Loan and graduate loans: This information is for students attending participating degree-granting schools. M&T Bank Undergraduate Student Loan information is for undergraduates only. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans. Borrowers must be U.S. citizens or U.S. permanent residents if the school is located outside of the United States. Non-U.S. citizen borrowers who reside in the U.S. are eligible with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and are required to provide an unexpired government-issued photo ID to verify identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

Parent Loan: This information is for borrowers with students attending degree-granting institutions only. The student is not eligible to be a borrower or cosigner and must be attending a participating school or have attended one during an eligible prior enrollment period, or be enrolled in an eligible study abroad program. The borrower, cosigner and student must be U.S. citizens or permanent residents. The school may refund loan funds directly to the student, and if that occurs, borrower and cosigner (if applicable) would still be responsible for repaying that amount. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

  1. Although we do not charge you a penalty or fee if you prepay your loan, any prepayment will be applied as provided in your promissory note: First to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.
  2. Interest is charged starting at disbursement, during school and the separation/grace period, and until the loan is paid in full. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan's Current Principal at the end of the grace/separation period. Payments may be required during the grace/separation period depending on the repayment option selected. Variable rates may increase over the life of the loan. Advertised variable rates reflect the starting range of rates and may vary outside of that range over the life of the loan. All Advertised APRs assume a $10,000 loan. M&T Bank Undergraduate Student Loan APRs assume a freshman borrower with no other Sallie Mae serviced loans. Medical School Loan and Dental School Loan APRs assume 4 years in school. Law School Loan APRs assume 3 years in school. MBA Loan, Health Professions Graduate Loan, and Graduate School Loan APRs assume 2 years in school.
  3. Loan amount cannot exceed the cost of attendance less financial aid received as certified by the school. M&T Bank reserves the right to approve a lower loan amount than the school-certified amount.
  4. Borrower or cosigner must enroll in auto debit through M&T Bank's servicer, Sallie Mae to receive a 0.25 percentage point interest rate reduction benefit. This benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month and may be suspended during periods of forbearance or deferment, if available for the loan.
  5. Only the borrower may apply for cosigner release. Borrowers who meet the age of majority in their state may apply for cosigner release by providing proof of graduation (or completion of certification program), income, and U.S. citizenship or permanent residency (if your status has changed since you applied). In the last 12 months, the borrower must be current on all Sallie Mae-serviced loans (including no hardship forbearances or modified repayment programs) and have paid ahead or made 12 on-time principal and interest payments on each loan requested for release. When the cosigner release application is processed, the borrower must demonstrate the ability to assume full responsibility of the loan(s) individually and pass a credit review that demonstrates a satisfactory credit history including but not limited to no: open bankruptcy, open foreclosure, student loan(s) in default, or 90 -day delinquencies in the last 24 months. Requirements are subject to change.
  6. This promotional benefit is provided at no cost to borrowers with loans that first disburse between July 1, 2018 and April 30, 2020. Borrowers who reside in, attend school in, or borrow for a student attending school in Maine are not eligible for this benefit. No cash value. Terms and Conditions apply. Please visit chegg.com/studystarter/termsandconditions for complete details. This offer expires one year after issuance.
  7. This repayment example is based on a typical M&T Bank Undergraduate Student Loan made to a freshman borrower who chooses a fixed rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 8.44% fixed APR. It works out to 51 payments of $25.00, 119 payments of $156.04 and one payment of $118.97, for a Total Loan Cost of $19,962.73.
  8. APRs for the Principal and Interest Repayment Option may be higher than APRs for the Interest Repayment Option. Advertised variable rates reflect the starting range of rates and may vary outside of that range over the life of the loan. APRs assume a $10,000 loan to a person borrowing for a freshman student. The borrower can make interest only payments for up to 48 months while the student is in school.
  9. This repayment example is based on a typical Parent Loan made to a borrower (on behalf of a freshman student) who chooses a fixed rate and the Principal and Interest Repayment Option for a $10,000 loan, with two disbursements, and a 9.50% fixed APR. It works out to 4 payments of $64.95, 115 payments of $131.25 and one payment of $94.39, for a Total Loan Cost of $15,447.94.
  10. This repayment example is based on a typical MBA Loan made to a first-year graduate MBA borrower who chooses a fixed rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 9.11% fixed APR. It works out to 27 payments of $25.00, 179 payments of $116.19 and one payment of $57.89, for a Total Loan Cost of $21,530.90.
  11. This repayment example is based on a typical Medical School Loan made to a first-year graduate medical borrower who chooses a fixed rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 8.54% fixed APR. It works out to 81 payments of $25.00, 239 payments of $129.14 and one payment of $25.17, for a Total Loan Cost of $32,914.63.
  12. This repayment example is based on a typical Dental School Loan made to a first-year graduate dental borrower who chooses a fixed rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 8.82% fixed APR. It works out to 57 payments of $25.00, 239 payments of $117.69 and one payment of $23.23, for a Total Loan Cost of $29,576.14.
  13. This repayment example is based on a typical Graduate School Loan for Health Professions made to a first-year graduate borrower who chooses a fixed rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 9.11% fixed APR. It works out to 27 payments of $25.00, 179 payments of $116.19 and one payment of $57.89, for a Total Loan Cost of $21,530.90.
  14. This repayment example is based on a typical Law School Loan made to a first-year graduate law borrower who chooses a fixed rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 8.95% fixed APR. It works out to 42 payments of $25.00, 179 payments of $124.19 and one payment of $77.10, for a Total Loan Cost of $23,357.11.
  15. This repayment example is based on a typical Graduate School Loan made to a first-year graduate borrower who chooses a fixed rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 9.11% fixed APR. It works out to 27 payments of $25.00, 179 payments of $116.19 and one payment of $57.89, for a Total Loan Cost of $21,530.90.
  16. Interest is charged starting at disbursement, while in school, during the nine-month grace period, and until the loan is paid in full. Once principal and interest repayment begins, any Unpaid Interest will be added to Current Principal, increasing the Total Loan Cost. Variable rates may increase over the life of the loan. Advertised variable rates reflect the starting range of rates and may vary outside of that range over the life of the loan. Advertised APRs assume a $15,000 loan disbursed at the time of the student's graduation from school.
  17. Interest is charged starting at disbursement, while in school, during the applicable grace period of either 36 months after graduation or nine months after withdrawal from school, or attendance falling below half-time status, and until the loan is paid in full. Once principal and interest repayment begins, any Unpaid Interest will be added to Current Principal, increasing the Total Loan Cost. Variable rates may increase over the life of the loan.

M&T BANK RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

M&T Bank Loans are funded by M&T Bank.

Information advertised valid as of 02/27/2020.

Sallie Mae is a registered trademark of Sallie Mae Bank.

© 2020 M&T Bank. All Rights reserved. All other names and logos used are the trademarks or service marks of their respective owners.

Equal Housing Lender. © 2020 M&T Bank. Member FDIC. All rights reserved.