StudentFinAidInfo - Financial Aid FAQ, Sallie Mae Private Student Loan

Financial Aid FAQ

Resources

Welcome to StudentFinAidInfo

Page: 1

Question: I have a sallie mae private student loan. APR 8.25%. Any other ways of consolidating to save money?

Answer: It is hard to say. You have to check it out yourself.here is ...

It is hard to say. You have to check it out yourself.here is some useful information for your question might be helpful.http://studentloan.online-helpers.info/great-lake-student-loan.html

Answer: I would like to recommend you some useful infomation ...

I would like to recommend you some useful infomation here.http://studentloan.online-helpers.info/california-consolidate-loan-student.html

Answer: Private student loans are dependent on credit score. So ...

Private student loans are dependent on credit score. So you'll have to shop around for the company that would give you the best rates.

Question: I am an undergraduate student trying to take a Stafford loan. Should I go for Sallie Mae Lenders?
There are plenty of lenders. I heard Sallie Mae is better. Do you have any advise for me If going with Sallie Mae is better or not? Thank you

Answer: aww boo hooo

aww boo hooo

Answer: There are lenders that offer better discounts than Sallie ...

There are lenders that offer better discounts than Sallie Mae. You should shop around for a lender that will give you an immediate 2% - 2.5% on your interest rate and waive some or all of the origination fee. (Don't go with a lender that requires you to make a certain number of on-time payments first before you get the interest rate discount - hardly anyone ends up getting the discount.) Start with the preferred lender list at your college, although many times this won't have some of the more competitive lenders on it.

Answer: Any of the lenders who are on a schools preferred lender ...

Any of the lenders who are on a schools preferred lender list generally are all part of the Sallie Mae umbrella. What that means is that if you work with any of the lenders on the list........the Sallie Mae interest rate is about 6.8%....as are the rest of the lenders........no matter which lender you choose, your loan will eventually end up with Sallie Mae. Stafford loans are non-credit based loans and therefore generally desirable. Going for lower interest rate loans means credit checks and co-signers.

Question: Sallie Mae?
Hello, I have a question regarding the Sallie Mae Tuition Answer loan. I have a credit FICO score of 647, will I be able to take out a 'tuition answer loan' out with out a cosigner? I know that is not an excellent credit score, but I know it is not a poor score either. Any input will be much appreciated. Cheers!

Answer: That falls a little below the average credit score. You can ...

That falls a little below the average credit score. You can try. It depends on how much accumulative credit history you have. A have a decent credit score, but I got denied by Wachovia because I only have one credit card, cell phone and a car payment on history.

Answer: call Sally Mae directly. good luck!

call Sally Mae directly. good luck!

Answer: I'll ask her now. Sallie Mae is grandmother. She just ...

I'll ask her now. Sallie Mae is grandmother. She just took some cookies out of the oven. Give me a few moments...

Answer: The mark of bad credit throws financial challenges to a ...

The mark of bad credit throws financial challenges to a student, affecting negatively his economic condition and support intensely. It becomes hard to adjust or meet the increasing admission fees and other educational expenses with a bad credit tag, but surmounting the situation in a lenient manner is possible with as external financial aid named bad credit student loans. As the name suggest, it considers and concentrates issues related to education expenses of students and prop them with the necessary finance for a smooth and worry free education life. Bad credit student loans, by every means can be accessed i.e. with or without collateral as it is designed with intensions, and applicants can opt according to appropriateness and capability to borrow. As education is for all the sections of a society, in the same way, doors of bad credit student loans and its benedictions are opened for all financial categorical persons. The bad credit student loans finance the entire expenses like admission fees, accommodation fees, buying of books, computer and such. Both the method of approval and repayments are simple, as there are options for the applicants to reimburse the loan amount after six months of approval or completion of the course. Since the bad credit student loans are meant to aid students and rationalize the credit burden, so keeping in mind this specific issue the interest rates are calculated in a reasonable manner making if affordable for all to payback. Applicants as their economical score are all uncertain and weak so they so do a little bit of exercise for a marginal interest rate by contrasting the quotes of different lenders. Approvals of bad credit student loans can be geared up with the assistance online. Take the advantages of the fast and instant result provider and fill the online application form and borrow the loan without any delay. Bad credit student loans with its rational and manifold policies can make the way to restore and rebuild the bad credit score towards a strong financial condition. http://badcreditloans.we.bs/studentloan.html

Answer: I believe it depends on the loan amount. You may have be ...

I believe it depends on the loan amount. You may have be able to obtain a smaller loan with out a cosigner. For larger loans however, you may need a cosigner. If you're applying for the Federal Stafford Loan you may want to familiarize yourself with the subsidized and unsubsidized loans. See the following link for more information: http://www.studentaid.ed.gov/PORTALSWebApp/students/english/studentloans.jsp

Question: If my Sallie Mae bill is due on 1/3/08, does it have to be received by that date or postmarked by that date?

Answer: If the bill is due on 1/3/08 it means they want your payment ...

If the bill is due on 1/3/08 it means they want your payment by then, not postmarked by that date.

Answer: I think it is sopposed to be received by that date cuz ...

I think it is sopposed to be received by that date cuz dad had to pay tuition by october 01 and that was the postmarked date, and instead of getting there the 1st it got there the 15th and they charged me more b/c the payment was late. I advice you to send the payment as soon as possible and next time send the payment ahead of time or send the payment one day before the date the amount is due and send the payment by express mail, that way the payment can get there the next day.

Answer: It doesn't matter. They won't report you to the ...

It doesn't matter. They won't report you to the credit bureau until you are at least 30 days late.

Answer: Sallie Mae must have your payment on or before 1/3/08. ...

Sallie Mae must have your payment on or before 1/3/08. So if you use "Snail Mail" you must mail your payment no later than a week before the due date. I always make payments online so that I know they receive payment and it will not get lost by the post office.

Answer: Thank you for your business. If your loan payment is due on ...

Thank you for your business. If your loan payment is due on 1/3/08, your payment needs to be received by the due date. Please leave enough time for mail delivery and processing of your payment. To ensure your payment is applied to your account as quickly as possible, always include your payment coupon, monthly invoice or a copy of your electronic bill. If you don?t have any of these, then please make sure to include your name and Social Security Number on the check. Also, if you have specific instructions on how you would like payments to be applied, include a note along with payment. If you haven?t done so already, you may want to consider making payments online. It will save you the cost of a stamp, and you don?t need to factor in time for mail delivery. Go to SallieMae.com and click on ?Manage your account? on the left side of the home page. If this is your first time to make an online payment, you?ll need to set up an account first. Click on the ?Register? button and follow instructions. We have numerous security measures in place on our Web site to protect your personal information and ensure your privacy. Managing your loan online will also allow you to enter our Great Sallie Mae Giveaway, where we pay off one person's Sallie Mae student loans (up to $25k) every month. Contact Customer Service at the number listed if you have any questions or problems.

Question: PLEASE HELP ME!!! PLUS Loan or Loan thru Sallie Mae or M&I Bank?
Is it better to use a PLUS loan with parents or a Sallie Mae/M&I bank to pay for college? This whole thing confuses me and I would like some opinions about it... pleasee!!!

Answer: Always use the federal loans, such as the Stafford loan ...

Always use the federal loans, such as the Stafford loan (student) or PLUS loan (parent) first. They have the lowest interest rates and best terms. The maximum interest rate on the Stafford is 6.8% fixed; PLUS is 8.5% fixed. Try to stay away from what are called "alternative" loans which are education loans offered by private lenders like banks. Many of these lenders offer both the government guaranteed loans AND the alternative loans. The alternative loans have variable interest rates, some as high as credit card rates, and less consumer protections. File a FAFSA and you will have access to the Stafford and PLUS loans. The Stafford does not require a credit check and the PLUS is much easier to qualify for than a retail consumer loan.

Answer: How about a PLUS loan through Sallie Mae? We offer both ...

How about a PLUS loan through Sallie Mae? We offer both federal and private student loans. Always maximize the federal student loans (PLUS and Stafford) available to you before getting a private student loan. Federal student loans generally have lower interest rates and more generous repayment options. If the federal money isn't enough to cover your school costs, then consider the private loan. You should also speak to the financial aid advisor at your school if you need guidance - they'll know all the specifics about your school and what's available to you through federal financial aid. Good luck!

Page: 1