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.
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.
One is SLM Corporation, which is the continuation of Sallie Mae. The other is Navient Corporation, which services government student loans. Since its founding, the company has helped more than 34.
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When we estimate your payments for each repayment plan, we include only the loans that are eligible for that repayment plan. If you have consolidation loan(s), as well as other federal student loans that aren’t consolidation loan(s), we don’t include the consolidation loan balance(s) in the Standard and Graduated repayment estimates.
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How to prepare for student loan payments during your separation or grace period. Whether you’ve been making in-school payments or deferring until after school, you can use your student loan separation or grace period to get ready for the next phase of making student loan payments.
Loan Calculator Instructions. Type in the loan amount, number of payments ( months), and annual percentage rate into the corresponding form fields. Click on the.
· Making student loan payments to Sallie Mae. Your Sallie Mae student loans are fairly easy to manage. You can use the online portal to make and schedule payments. It’s even possible to enroll in automatic payments, qualifying you for a 0.25 percent interest rate reduction. It also helps ensure you don’t miss a payment.
Sallie Mae Student Loan Repayment Options. Like all private lenders, Sallie Mae’s borrowing limits, interest rates and repayment plans are contingent on the borrower’s credit history. For those students holding Federal loans which are being managed through Sallie Mae, borrowing limits and repayment schedules will be set by the government.
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.