Consolidating student loans through sallie mae

Posted by / 13-Aug-2017 23:50

Consolidating student loans through sallie mae

To do so, you’ll both have to agree to assume full responsibility for payment of the debt.

Fin maintains a list of student loan institutions, including large banks; private companies like Sallie Mae; and state education system lenders like the Missouri Higher Education Loan Authority and the Utah Higher Education Assistance Authority.Current law dictates that you can only consolidate once, so if you consolidate at a 6 percent interest rate and rates later drop to 3 percent, you’re out of luck.There are two exceptions: if you’ve since gone back to school and acquired new student loans, or if an outstanding loan was excluded from your original consolidation.Yet despite the appeal — and its popularity — student loan consolidation isn’t for everyone.Here are some frequently asked questions and answers that may help determine if it’s the right move for you.

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The downside is that your grace period will end once your consolidation loan goes through.

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