Sally Student Loans

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 · Direct loans, as an example, are given to a college student as a direct deposit, to use as they see fit. You may have to go into the financial aid office to see if your student loan can be adjusted to pay for off-campus housing. There is an upper cap on student loans, however, determined by your FAFSA, which will ultimately decide if you have.

Background . Sallie Mae is one of the premier sources of financial aid and advice for college-bound students in the United states. sallie mae offers a wide range of private student loans, college savings plans, tuition insurance programs and student targeted online banking services.

Parent and student loan comparison chart. Choose the loan that’s right for you and your student. You can help your undergraduate student pay for college either by cosigning a Smart Option Student Loan or taking out a Sallie Mae Parent Loan in your name. Both offer options for how you repay the loan, no origination fee, and can cover up to 100% of the school-certified cost of attendance.

Sallie Mae employs 1,400 individuals at offices across the U.S. On April 30, 2014, Sallie Mae spun off its loan servicing operation and most of its loan portfolio into a separate, publicly traded entity called Navient Corporation. Navient is the largest servicer of federal student loans and acts as a collector on behalf of the Department of.

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There are certain eligibility requirements to qualify for a closed school discharge; you must apply to get a discharge. It’s important for you to obtain your academic and financial aid records if your school closes since you might need those records if you plan to attend another school or want your student loans.

Sallie Mae offers student loans for undergraduate, graduate, residency and parent loans. Private loans can close payment gaps after maxing out grants, scholarships, work-study and federal loans..

Private student loans can only be refinanced or consolidated with other private loans, and public loans with other public loans. Unfortunately, Sallie Mae no longer offers private loan.

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As the largest private student loan provider in the nation, sallie mae extends a host of student loan product for parents as well as undergraduate and graduate students. For a private company, their repayment options are quite flexible, allowing students to choose between deferred, fixed, and interest-only payments.