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.
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 started out as a government-sponsored enterprise tasked with supporting the federal student loan program.. Over the years, however, Sallie Mae moved toward complete privatization, reaching that goal in 2004. Today, Sallie Mae offers banking services and private student loans.
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Millions of Americans pay student loans, many of which are backed by the federal government through Sallie Mae. Lowering your Sallie Mae payments could be an option depending on the type of loan.
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Advantages of Sallie mae student loans. A variety of repayment plans. Most of Sallie Mae’s student loans let you pick from several repayment plans, such as deferring your payments or making $25-a-month payments while you’re in school and during a grace period after you leave school.
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.
Can anyone figure out how Sallie Mae comes up with its personal loan payment amount? Long Version. I have a friend who took out a personal loan with Sallie Mae, and their payment amount is higher than any math i can figure out. I looked over their Truth in Lending statement, and while it is very clear on everything you’ll pay:
Sallie Mae consolidation loans are no more. Before 2008, Sallie Mae offered consolidation loans. If you had multiple student loans, you were able to combine them through Sallie Mae consolidation. But Sallie Mae no longer offers a consolidation loan, nor does it offer student loan refinancing.