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Answered 2007-02-14 15:04:43

There is no prepayment penalty or exclusion clause in Sallie Mae lending. You may pay any amount above the minimum you want. Therefore, you may pay the loan off at any time. Hence, anytime you have the funds, either by borrowing from someone else (or getting a new loan by them) or from other endeavors, you may pay it off. If you can qualify for another loan, with or without the requirement you payoff the existing one, is entirely between you and the new lender - and dependent on all the normal income, credit rating and other factors.

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How long does it take to receive money from a Sallie Mae signature loan?

Allow 1 week from the time you've submitted all documents and heard from Sallie Mae that the documents are ACCEPTABLE.

I have a loan with Sallie Mae can you qualify for another loan with Sallie Mae?

Yes, you can have multiple loans from Sallie Mae. You must have adhered to the previous qualifications though, like gpa, payments on time and so on.

Is Sallie Mae considered a federal loan?

Sallie Mae offers both federal and private loans.

Does Sallie Mae base a student loan on income to debt credit and how much do people usually get on a student loan from them?

i actually worked for sallie Mae as a student loan consultant. It depends on the type of loan that you are looking for. they all vary from loan to loan.

How do I apply for a student loan through Sallie Mae?

Yes, Sallie Mae still offers student loans and applications can be done online at They require a co-signer for the loan to be approved.

What makes sallie mae student loans different from other loan types?

Sallie Mae is good for student loans because they have loan education on site and offers you help if you cannot pay.

What loan services does Sallie Mae provide?

Sallie Mae provides loans for both homeowners as well as small business owners. A dedicated agent will be happy to help you find the loan that best fits you.

How do I apply for a sallie mae student loan?

Go to the Sallie Mae student loan website to apply online. It will take only 15 minutes for the site to verify your credit score and tell you if you qualify.

Where could a person find information on how to refinance a consolidated student loan?

There are many places one might go to find information on how to refinance a consolidated student loan. In addition to one's Student Aid Office, one might also try a website like Sallie Mae.

Is there a student loan payment calculator from Sallie Mae?

Yes there is a student loan payment calculator from Sallie Mae, you can find it here

Age limit on stafford loan?

What's the student's age limit for Sallie Mae PLUS loan?

How can a college student apply for a Sallie Mae loan?

A Sallie Mae loan can be applied for right online at their site. There are three repayment options to choose from and rewards available for paying on time. The application can be filled out right on the site.

What are the average interest rates on student loans at Sallie Mae?

Sallie Mae offers student loans to qualifying students attending qualifying schools. The interest rates of the loans vary on the student and loan amount. Sallie Mae offers fixed and variable interest rates. These interest rates are also subject to change. The Sallie Mae website features tools which can help determine the interest rates. Again, average interest rates are determine by loan amount, the school, and the length of the loan. Therefore, there is no standard "average" interest rate.

Does Sallie Mae student loans have good interest rates?

Sallie Mae student loans offer good interest rates for students but as with any loan you should plan on repaying the loan in the shortest period possible. You need to carefully consider the amount you need to borrow as well as the percentage of your future income that will be devoted to the repayment of the loan. Begin repaying your loan as soon as possible, Sallie Mae offers several repayment programs, each with a different cost to you.

How does Sallie Mae differ from Fannie Mae?

Sallie Mae is in the business of student loans while Fannie Mae is in the business of home loans.

What is the population of Sallie Mae?

Sallie Mae's population is 2,010.

What is the percentage Sallie Mae can garnish from SS each month?

Sallie Mae can garnish 63% from SS each month.

What is the origin of Mae in Fannie Mae and Sallie Mae?

Mae is a creative pronunciation for Mortage Association

What is ticker for sallie Mae?


If you have a student loan from Sallie Mae and you dropped out after two semesters do you still have to pay it back?

If it is a loan, you have to pay it back. If it's a grant or scholorship, you don't. Doesn't matter who you got the loan through.

What is the probability of an 18-year old getting a sallie Mae private loan when the parents will co-sign and have good credit?

Assuming that the parents have good credit and the child is attending a school for a discipline that is set to be stable or grow in the next decade, the probability that the 18-year-old will get a Sallie Mae loan is good.

Which students are eligible for Sallie Mae loans?

There are a lot of kinds of loans for students who are eligible for Sallie Mae loans. Some types of student loans at Sallie Mae are federal student loans, private loans, education investment planner.

Where is sallie Mae's corporate office?

Washington.The founder was sallie Mae Guilford. To find out more go to type in The Untold Story Story Of Sallie Mae Guilford . One book tell the begaining and the other , (2) tell the finding of Sallie Mae Inc . Author Charles Lingo .

I have a student loan through Sallie Mae that my mother-in-law-to-be had cosigned on However when we got the statements only her name was listed on the loan Can this loan be transferred to me?

If it's a Parent PLUS loan, no. She's the borrower, not a cosigner.

Who was the founder if INC?

Sallie Mae Guilford