Consolidating a sallie mae student loan
But times have changed and the student loan crisis, the media coverage surrounding it, and government intervention have worked to create an environment of improved transparency and increased options for borrowers.
As of February 2015, the post now contains new information about the three lenders that were originally listed here (Discover, Wells Fargo and Sallie Mae), along with details about other big private lenders.
Sallie Mae offers a six-month grace period after graduation.
During this time, a borrower is excused from making payments toward his/her loans.
According to Sallie Mae, “Most participants successfully complete the program and return to current payments.” Sallie Mae also claims that it will extend the reduction period for some borrowers, based on employment status and other financial indicators.
Earnest was recently bought out by Sallie Mae so I’d avoid them.
Student loans are tough, and they present borrowers with heavy debt burdens after college.
Thankfully, there are some options available for your private student loans.
First, we will cover options that lenders offer, and then we will highlight some other resources.Note about the updates: Since we first wrote this post, more information about the top private lenders and their repayment programs has become publicly available.