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Sallie Mae is the common name for the SLM corporation, a private bank best known for handling student loans. Previously, Sallie Mae used to service federal loans. Previously, Sallie Mae used to ...
The FFELP offers four types of loans: the subsidized Federal Stafford Loans, unsubsidized Federal Stafford loans, the Federal PLUS Loan for graduate students and for parents of dependent undergraduate students, and consolidation loans. [3] The main federal student loan is the Stafford Loan. There are two types of Stafford loans: Subsidized.
Retain federal student loan benefits: When you consolidate federal student loans, you can still take advantage of income-driven repayment plans, forgiveness options and repayment hardship plans in ...
Consolidation loans taken out before that date had a variable interest rate, determined by the individual FDLP loan origination center (e.g., in the case of a university, that university) or FFELP lender (e.g., a third party bank).
Consolidating student loans pros and cons: Quick look. Green circle with a checkmark inside. Pros. Potentially lower monthly payments. One payment per month. Access repayment plans.
We had included some of these loans in an initial federal consolidation which never worked out. Apparently the incoming fax line at Sallie Mae was hooked right up to a paper shredder because they ...
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.
However, private lenders have strict lending guidelines for private student loan consolidation and refinancing. How to Consolidate Federal Student Loans. With federal student loans, the Department ...
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