SallieMae StudentLoans
What’s the best way to refinance student loans?
Refinance Student Loans With Sallie Mae
Sallie Mae Refinance Loan
With over 40 years experience, we have been serving our clients ever since 1971. As a subsidiary of Bank of America, we are here to help ease the burden of paying back student loans, consolidate debt, refinance student loan accounts, and even close out bad credit student loan debt.
We know how difficult it can be to pay off student loans with high interest rates. That’s why we want to make refinancing student loans simple and affordable.
This year, apply for financing for your education at your favorite college or university! Just visit us at www.SallieMae.com and apply today! We’re sorry, but Sallie Mae does not offer financing for students attending private religious schools (such as parochial schools).
Sallie Mae offers online tools, expert counseling, and easy applications for federal loans, including Perkins Loans, PLUS Loans, Stafford Subsidized Loans, Stafford Unsubsidized Loans, and Graduate Plus Loans.
Once approved, you’ll receive an answer immediately. If approved, funds may arrive via bank draft in 3 business days.
If approved, you may use your funds to finance any eligible educational expense. You’ll find complete details regarding your eligibility in the application materials sent to you after submitting your application.
For further information about Sallie Mae products and services, contact Customer Service at 800-872-1765, Monday through Friday 8AM – 6PM ET.
You need to go through some steps to get the loan with Sallie Mae, you will be asked to provide certain documents before you can qualify for a loan. These documents depend upon whether you have already finished school or if you are currently enrolled in school. You should do a little research and determine what exactly you would need to fulfill each requirement set forth. After you’ve compiled the necessary documentation you can fill out an application online. Fill out the application completely and submit it to them. Your application will be reviewed by their team of experts to ensure that everything is correct; then they will decide whether or not they want to approve your loan request. Keep in mind that sometimes they might require additional documentation depending on your situation. Once you’ve completed the application process, you should expect to hear back from Sallie Mae within 5-10 business days. Once they approve your loan request, you will receive an approval letter. When you receive this letter you should keep it safe until you receive the money. A representative from Sallie Mae will call you to discuss payment options and repayment terms. Remember, you need to send them a check for the full amount of your loan plus fees. Make sure you choose a reputable lender such as Sallie Mae.
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Refinance Student Loans With Sallie Mae
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Refinance Student Loans With Sallie Mae
Sallie Mae is a student loan company owned by Bank of America. If you don’t have a good credit history and have no money to put down for a car loan, a home loan or even a small business loan, you may qualify for refinancing. But before you start searching online, you should know that not everyone qualifies for refinancing. To find out if you qualify, make sure you have these items.
Your income should be at least $50k per year. 2. You need to have had no late payments on any loans in the past 18 months. 3. There should be less than $10,000 owed on any credit cards. 4. Your monthly pay check stubs should show a net take-home pay of at least $2,000. 5. All of your accounts must be current including your mortgage, auto insurance, property tax and utilities. 6. You shouldn’t owe more than $10,000 on any type of debt. 7. Your credit score must be 700 or higher. 8. You should have enough cash reserves to cover three months’ worth of expenses. 9. You should be able to demonstrate steady employment history. 10. You should have stable sources of income. 11. You should have a solid financial plan. 12. You should have a job with benefits and paid vacation time. 13. You should have a detailed budget. 14. You should have a savings account. 15. You should have a low interest rate on your existing loans. 16. You should have high-quality collateral on your house (such as equity) or assets (like rental property). 17. You should have no negative information on your report. 18. You should have a proven track record of paying bills on time. 19. You should have an excellent credit rating. 20. You should have a perfect credit score. 21. You should be willing to negotiate a lower amount. 22. You should be willingto refinance without paying origination fees. 23. You should sign a contract first. 24. You should get preapproved. 25. You should use a lender who offers competitive rates. 26. You should shop around. 27. You should ask about discounts. 28. You should consider extending the term of your loan. 29. You should have access to your own money in the event that you cannot pay back the full balance due. 30. You should be prepared to pay higher interest rates if you choose to refinance. 31. You should understand how much you can expect to save each month. 32. You should decide whether it’s worth reevaluating your financial situation and making some changes. 33. You should weigh the pros and cons of refinancing. 34. You should be aware that there are hidden costs involved. 35. You should only apply for a loan if you’re certain you’ll qualify for it. 36. You should have a realistic plan for repaying your loan. 37. You should avoid getting into a bad financial situation. 38. You should not rush into anything. 39. You should give yourself plenty of time to
Refinance Student Loans With Sallie Mae
Sallie Mae offers several student loan refinance options including fixed rate financing, where interest rates never change over time; variable rate loans, where rates fluctuate based on market conditions; and graduated repayment plans, where monthly payments decrease over time while paying off your balance faster. Refinancing your current student loans may allow you to lower your monthly payment and pay off your debt sooner. If you have student loans, visit www.salliemae.com/students for information on how to refinance and get started today! (c)2017 Sallie Mae
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