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FYI...Sallie Mae

  • 11/01/01

Sallie Mae now offers a faster, more streamlined method for borrowers to apply for student loan consolidation, a repayment alternative designed to provide lower monthly payments. Borrowers seeking this option can now complete and submit an application online through Sallie Mae's Web site by following the secure consolidation link. Once the form has been electronically submitted, borrowers may simply forward a signed hard-copy form to Sallie Mae to complete the processing of their application, ultimately shaving a week or more off the traditional paper application process. While consolidation is an option for those seeking monthly payment relief, borrowers should explore the impact of consolidation on interest subsidy, deferment and other benefits before they make the decision to consolidate. For more information, visit www.salliemae.com.

This article originally appeared in the 11/01/2001 issue of THE Journal.

Comments

Wed, Sep 16, 2009 mike settle ohio

without a doubt the biggest mistake i ever made was to get a loan through sallie mae.i was injured in an auto accident in may of 08,and not able to work since 10/08, i never missed a payment and had to get a differment for 6 months,i ended up being disabled,and when the differment was up, started repaying the loan again, i am single and receive a little over 800 month, i was late this last month and you would have thought i burned down their house, constant harassment at least twice a day if not more every day. i would not recomend sallie mae to anyone needing school loans because i found out not only are they charging a higher interest rate than other companys their more on the lines of strong arm mafia when it comes to harassment, so if any way you can get a loan elsewhere i would recommend you do so, i have only been late this one time, and its just been unbelievable how sallie maes workers, along with their company (policy)has been nothing but a nightmare.i will never suggest sallie mae to anyone,not even my worst enemy if i had one.

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