Sallie Mae is the largest student loan company. We look at a 60 Minutes report on Sallie Mae and how Sallie Mae, with the help of government, makes a lot of money off of student borrowers.
http://leafgardenpress.com/ Student Loan Scams 1 - Sallie Mae, Part 1
Aided by a fall in loan loss provisions and decrease in expenses, Sallie Mae's first-quarter 2012 core earnings came in at 55 cents per share, beating the Zacks Consensus Estimate of 52 cents. Private education loan origination advanced 23% year over ... Sallie Mae Upgraded to Outperform - Analyst Blog
If you�??re planning to go to college but you don�??t know how to pay for it, you can always use the Sallie Mae student loan consolidation. You�??ll receive a federal loan and if you can�??t qualify for it, you�??ll be offered other financing alternatives.
There�??s no secret that the federal loans (the Federal Stafford Loan and the Federal Perkins Loan) have the best payback policies and interest rates on the market.
The Perkins loan is not that popular because it has a unique rule: the school will be your lender. For the Stafford loan, Sallie Mae can be the lender or both of them can guarantee for the lender.
Even if you don�??t comply with the federal guidelines, you can still get a Sallie Mae loan.
It�??s recommended that you use Sallie Mae loan instead of a private loan from a bank because the former offers very low rates and flexible payment terms.
A federal student loan involves some grade point and income restrictions while a private one will allow you to borrow money very easily without saying anything about the way this will affect your credit score.
The college fees are very expensive and there�??s a big chance that you�??ll need several loans before graduation.
Each loan means a new interest rate, payment date and term of payment.
That�??s why it will be best to avoid any problems and consolidate all loans into a Sallie Mae loan consolidation.
Unfortunately, sometimes consolidating the loan will only do more damage but once you�??ve done it you cannot change your mind.
If you fit the profile, Sallie Mae loan can combine your existing loans (federal and private) into a monthly payment without consolidating your loans.
For more information you should check the lending institution and if you think that it�??s helpful, you can trust your money into a Sallie Mae student loan consolidation.
Question by meandmybabe1014: How can I prove my Sallie Mae student loans are deferred for 12 months? I am buying a house and the Mtg Company wants proof that my 4 Sallie Mae loans are deferred for 12 months. This is told me to me a week before closing, nice right! ... Where can I get that info? .. I thought my credit report would've had it. Thanks in advance! Best answer for How can I prove my Sallie Mae student loans are deferred for 12 months?:
Answer by Expert Realtor
Let me guess, the loan officer told you that, right? Common error they make. I'll save you some time. They will count the student debt into your debt-to-income ratio anyway because deferments are not forever, and they CANNOT be bankrupt (I hope someone told you that). Personally, even if you could have them taken out of your DTI, why would you want to set yourself up for foreclosure? If you cannot afford the house with all the payments you can't afford it at all. This is a STANDARD underwriting guideline under not only Fannie Mae and Freddie Mac, but all subprime lenders as well.
Answer by shamieya
Online- log into the Sallie Mae website and print out the page that gives the status of your loans.
