What are the different types of Sallie Mae loans?

What are the different types of Sallie Mae loans?

Sallie Mae private student loans for degree-granting schools. Federal student loans (Direct Subsidized, Unsubsidized, or PLUS) Fixed and variable rates : Auto debit discount . Interest, Fixed, or Deferred Repayment Options available to students during school : Origination fee : Less-than-half-time enrollment eligibility

When did Sallie Mae stop making student loans?

The bottom line: Sallie Mae was originally founded in 1973 as a federally guaranteed student loan program. Today it makes private student loans, but it stopped servicing federal loans in 2014. Its private loan is best for part-time students and those who want flexibility with repayment.

Do you qualify for student loan forgiveness with Sallie Mae?

Sallie Mae provides private students loans, so they don’t qualify for student loan forgiveness. Anna Helhoski is a writer and NerdWallet’s authority on student loans.

Is there a Sallie Mae for part time students?

Sallie Mae offers flexible repayment options and is one of the only lenders serving part-time students. Anna Helhoski March 19, 2021. Many or all of the products featured here are from our …

Does Sallie Mae offer personal loans?

Quick Review: Sallie Mae personal loans are only available to people who have received a pre-qualified offer code. It’s impossible to submit an application without one. Sallie Mae doesn’t disclose their minimum requirements, but they only send out offers to people they believe will be qualified.

Is Sallie Mae a good option?

Sallie Mae offers a variety of student loan products that could be a good fit for parents or students. If you, or a student you’re supporting, can’t take out additional federal student loans but need more money for school, Sallie Mae’s lack of a predefined loan limit could make it a good option.

What are the best personal student loans?

  • distinguishes itself with increased flexibility.
  • partly for its repayment flexibility.
  • SoFi.
  • Ascent.
  • CommonBond.

    What are the best private student loan companies?

    There is no conclusive list of the best banks for private student loans, but the following providers are considered among the most reputable: College Ave. Sallie Mae. Discover Student Loans. Wells Fargo. Citizens Bank. SunTrust.