He was on sick leave when all the schools across the country were closed down. Sallie mae student loan repayment options.
Sallie mae has stopped the consolidation of federal loans.
Sallie mae loan consolidation. But sallie mae no longer offers a consolidation loan nor does it offer student loan refinancing. Then in 2014 the company split into two separate organizations. If youre considering consolidating and refinancing your student loans.
Sallie mae loan consolidation is no more. Follow these steps to begin the process online. This leaves a lot of graduates and undergraduates with even fewer choices for loan consolidation companies to choose from especially with the fact that consolidated federal loans have a fixed rate that is much cheaper than the variable rates of consolidated private loans.
Like all private lenders sallie maes borrowing limits interest rates and repayment plans are contingent on the borrowers credit history. Sallie mae is the nations saving planning and paying for college company offering private education loans free college planning tools and online banking. You can apply for a sallie mae personal loan online or over the phone.
Sallie mae is a private student loan lender and now navient. Sallie mae ends loan consolidation. Click i have a personal offer code at the top of the page.
You will need to apply for a consolidation loan with a private lender which could be sallie mae or a different lender. Borrowing a direct consolidation loan from the federal government or refinancing with a private lender. Go to the sallie mae website and click banking in the top navigation bar.
2 alternatives to sallie mae student loan consolidation. I am the co signer for my sons sallie mae loan. We found out it is a private loan and companies that try to help you with payment deductions can not help with a private loan tru sallie mae.
For those students holding federal loans which are being managed through sallie mae borrowing limits and repayment schedules will be set by the government. If you had multiple student loans you were able to combine them through sallie mae consolidation. Before 2008 sallie mae offered consolidation loans.
Learn the differences between student loan consolidation and refinancing and the questions to answer before consolidating or refinancing your student loans. If your sallie mae loans are private student loans instead of ffel loans issued by sallie mae you must use consolidation options other than the federal direct consolidation loan. While sallie mae loan consolidation is a thing of the past you still have two options for consolidating debt.
Sallie mae began as a government sponsored entity but went private in 2004. Scroll down and click learn more under sallie mae personal loan. Sallie mae the sallie mae logo.
Even without sallie mae offering direct student loan consolidation there are still options available.