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If you decided to apply for private student loans to help pay for college, you might have selected Sallie Mae as your lender and loan servicer. It’s a popular choice, as the company currently ...
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking.Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans.
Navient Corporation is an American student loan servicer based in Wilmington, Delaware.Managing nearly $300 billion in student loans for more than 12 million debtors, the company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient.
Sallie Mae now exclusively offers private student loans to help college students pay for school. It has variable and fixed rates on loans. It has variable and fixed rates on loans.
In these situations, private student loans may provide you with another way to pay for college. If you need to take out private student loans, Sallie Mae is a lender worth considering. It offers ...
For PLUS loans made before July 1, a variable rate applies (with a 9.00% cap). The House passed a resolution in May 2013 to tie student loan rates to free market loan rates. Every year, student loan interest rates will adjust to fit the market. subsidized and unsubsidized rates will cap at 8.5%. [4]
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