Your loan servicer plays a major role in your repayment. And if you happen to have Sallie Mae student loans, the good news is you have a wide selection of options to make those payments easier on your budget and save money over the long term. Sallie Mae student loans. When it comes to paying for college, federal student loans are a smart first.
Advertised APRs assume a $10,000 smart option student loan to a freshman with no other Sallie Mae loans and a $10,000 Dental School Loan, Law School Loan, MBA Loan, Medical School Loan, Graduate School Loan, or Graduate School Loan for Health Professions to a first-year graduate.
APPLICANTS SHOULD CHECK THE sallie mae website close TO THEIR LOAN APPLICATION DATE AND AGAIN PRIOR TO DISBURSEMENT TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING PRODUCTS, SERVICES, AND BORROWER BENEFITS. The Sallie Mae Smart Option Student Loan is made by Sallie Mae Bank or a Sallie Mae lender partner.
Sallie Mae | GoodBye Loans – Sallie Mae is forced to pay $96.6 million in restitution and fees. Due to the neverending prices and ample costs, it is become progressively burdensome for school graduates to pay off student-loan debts, creating a life of liability to the creditor.
The simplest way to calculate this is to subtract the cost of attendance from awards, and what’s left is what you must pay. If you have multiple offers, Sallie Mae suggests making a spreadsheet to.
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Loan group: If a borrower has multiple loans serviced by Sallie Mae, we may automatically put them in a loan group. Each loan group has its own billing statement that shows all of the loans within that group and will be designated by a 16-digit Loan Group Number.
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According to a 2016 report by the student loan company Sallie Mae, student borrowing to pay for college averaged just 13% of the total cost while parent borrowing averaged 7%. So where does the.
Some federal student loans allow for income-driven (or income-based) repayment plans, which cap payments based on the borrower’s income and family size. You don’t need a strong credit history to get federal student loans. Unlike with private student loans, most federal student loans don’t require the borrower to have a strong credit history.