For planning purchases or research, Sallie Mae offers private student loans, college planning resources and online banking products to help families compare education financing options, repayment tools and account support.
Sallie Mae is best known for private student loans, college planning tools, scholarships, and education financing resources. People usually turn to Sallie Mae after looking at various scholarships and ways of getting federal aid for covering the college expenses.
Practically, Sallie Mae does not work in the same way as coupon-code retail web sites, as the savings will be in finding scholarships, making responsible borrowing, comparing rates, and understanding repayment options.
It is possible to use Sallie Mae's scholarship search tools to find college scholarships without paying to browse their listings. Students should consider borrowing only what they need and choosing the most responsible borrowing options.
Visitors should note that Sallie Mae offers scholarship search tools, which allow the users to find college scholarships for free. However, one needs to read the requirements, deadlines, and application information for each scholarship.
Private student loans offered by Sallie Mae may cover your education expenses certified by the college or university, but it depends on your eligibility, credit history, cosigner details, and school's cost of attendance.
Officially, Sallie Mae is a financial services company, so the concept of "student discount" does not really apply to it. The practical discounts will come in the form of scholarships, grants, responsible borrowing, and choosing a loan structure that suits you best.
Before applying for any Sallie Mae loan, it is necessary to compare the interest rate, fixed or variable options, repayment terms, cosigner requirements, fees, deferment options, and overall repayment costs. Comparing Sallie Mae and federal loan options and other private lenders may be helpful as well.