High limits– Higher borrowing limits are the key advantage of private student loans, and Sallie Mae allows borrowers to obtain loans for as much as 100% of their school’s total cost of attendance.
Sallie Mae is a great choice if you’ve exhausted your federal student loan limits and you need more funding. They feature an upper loan limit of. Sallie Mae Consolidation Loan Is Gone, but Here Are 2 Smart. – Sallie Mae consolidation loans are no more. Before 2008, sallie mae offered consolidation loans.
A distinguishing feature of Sallie Mae’s loans is they don’t list a strict borrowing limit, and allow you to borrow up to 100% of your school’s cost of attendance, unlike other lenders that may cap you at a certain level of outstanding debt.
“It was like signing up for iTunes,” said Austin Bousley, 25, who applied on the Internet for a private loan from SLM, known as Sallie Mae, as a student at Suffolk. standards tightened and federal.
Borrowers with Sallie Mae private student loans receive access to the lender’s Study Starter. need to apply and be approved within a certain time frame, or the lender may limit the number of.
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A Sallie Mae executive, Charlie Rocha, notes that private loans can nevertheless help bridge the gap after families max out federal student loans limits. The new cap on Sallie Mae’s rate will be 9.875.
Sallie Mae is a private student loan provider that offers up to $200,000 to help fund your education. Sallie Mae has been involved in student loans for decades, and the high loan limit it offers should be enough for any student to afford an undergraduate degree.
Is the Interest on Sallie Mae Educational Loans Tax Deductible?. If you have taken out a student loan to pay for college, the IRS may allow you to deduct the interest payments. There are rules, of.
You can apply for this type of deferment in increments of 12 months, up to a maximum of 60 months for Smart Option Student Loans and up to a maximum of 48 months for the Sallie Mae Medical School Loan, Sallie Mae Dental School Loan, Sallie Mae health professions graduate loan, Sallie Mae Law School Loan, and the Sallie Mae Graduate School Loan.