On news that student loan debt outpaced credit card debt for the very first time last year, it comes as welcome news Sallie Mae is lowering the interest rate cap on its student loans.
Entries Tagged as 'Sallie Mae'
Largest Private Student Loan Lender Lowers Interest Rates
May 18th, 2011 · No Comments · Student Loans
Tags: Credit card debt·debt·Federal Student Loans·Interest Rates·LIBOR·Private Student Loans·Sallie Mae·student loan debt·Student Loans
Are Credit Cards the New Financial Aid?
April 21st, 2009 · No Comments · Credit Cards, Student Loans
Financial aid for college students, that is. With more and more parents finding it difficult to be able to fund little Johnny’s exponentially-growing education bill, the students themselves seem to be taking matters into their own hands. According to a recent survey by private lender (and the nation’s largest provider of student loans) Sallie Mae, [...]
Tags: college debt·Credit Cards·financial aid·financing education·Sallie Mae·Student Loans
Deferred Private Student Loan Payments Becomes Thing of the Past
March 24th, 2009 · 2 Comments · Banking, Student Loans
Sallie Mae announced plans to revamp its private loan structure on March 23, 2009. No longer will students be able to avoid payments on private loans until after graduation – Sallie Mae wants them to pay a portion of the interest while in school. Sallie Mae says this will save students money in the long [...]
Tags: interest payments·repayment terms·Sallie Mae·Student Loans
Student Loan Default Rate is On the Rise
November 26th, 2008 · 26 Comments · Student Loans
In these times along with mortgages and credit cards, many people are not able to afford student loan payments. SLM Corp., or Sallie Mae, the largest private student lender, reported a delinquency rate of 9.4% in September, up from 8.5% a year earlier. “It’s clearly because of economic conditions,” says spokesman Tom Joyce. “The credit [...]
Tags: Default·Department of Education·Public Servant Loan Forgiveness Program·Sallie Mae·Student Loans
