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Sallie Mae offers private student loans and banking. ... start by looking at current student loan refinance interest rates and compare Sallie Mae’s features with those of other lenders.
Sallie Mae also offers an array of CDs with competitive yields, including a 13-month promotional CD that delivers a 5.20% APY. Find out if Sallie Mae's CDs are worth it for you.
Comparing offers from Sallie Mae with other lending options is a wise way to secure the lowest interest rates. When you hear Sallie Mae, you probably think of student loans. There’s a good ...
Interest accrues during the time the student is in school. PLUS interest rates as of 2017 were 7%. [80] The parents are personally responsible for repayment. The parents sign the master promissory note and are accountable. Parents are advised to consider their monthly payments. Loan documents reflect the repayment schedule for a single year.
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]
In December 2007, a class action lawsuit was brought against Sallie Mae in a Connecticut federal court [39] alleging that the company discriminated against African American and Hispanic private student loan applicants by charging them high interest rates and fees. The lawsuit also alleged that Sallie Mae failed to properly disclose private ...
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