Does Sallie Mae have loan forgiveness program?

Does Sallie Mae have loan forgiveness program?

And currently there is no such thing as private student loan forgiveness or Sallie Mae signature student loan forgiveness. That’s right—forgiveness is limited to federal education loans.

What number will Sallie Mae call from?

If you have any questions, please call 833-624-8400 . Our normal business hours are 8 a.m. to 8 p.m. ET Monday through Friday.

What is wrong with Sallie Mae?

The Problem With Sallie Mae or Navient Loans Student loans that originate from Sallie Mae or Navient are not federal loans. They are private loans. Sallie Mae and Navient offer few to no options for repayment and do not offer any kind of income-based repayment plans.

Is Sallie Mae Smart Option student loan A federal loan?

Is Sallie Mae a federal loan? No. The Sallie Mae Smart Option Student Loan for undergraduates is a private loan. You won’t receive federal loan protections, such as income-driven repayment or student loan forgiveness.

Is it hard to get a Sallie Mae loan?

It’s now harder to get a Sallie Mae loan if you come from a bad credit background, either due to your own credit or the credit of co-signers such as your parents. According to Sallie Mae, choosing the interest repayment option can save you around 20% of your loan cost compared to the deferred repayment option.

Is Sallie Mae a hard inquiry?

Some lenders will do a soft credit pull, which doesn’t hurt your score, to determine if you can qualify for a loan or need a cosigner and to show you estimated interest rates if you qualify. Sallie Mae will only show you rates after a hard credit inquiry, which could hurt your score slightly.

Is the Sallie Mae logo a registered mark?

Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners.

How to make a payment to Sallie Mae?

Phone 800-472-5543 (800-4-SALLIE) International: 877-416-0012 or 302-451-0546 (charges may apply) Payments can be made at any time via our automated phone system. Monday through Thursday: 8 a.m. – 9 p.m. ET. Friday: 8 a.m. – 8 p.m. ET. Saturday: 9 a.m. – 6 p.m. ET. Mail. Borrower payment address Sallie Mae P.O. Box 8459

When did Sallie Mae become a private company?

Its nature has changed dramatically since it was set up in 1973. At first, it was a government entity that serviced federal education loans. It then became private and started offering private student loans, although at one point it had a contract to service federal loans.

When did Sallie Mae separate from Navient bank?

On February 25, 2014, Sallie Mae announced the launch of Navient, a separate entity for federal student loan servicing. On April 30, Sallie Mae legally separated from Navient and made its primary focus private student loans, banking products, and credit cards for college students and their families.