Consolidating private loans sallie mae
Sallie Mae holds more student loans than any other company, and they have decided that this is a market segment in which they don’t even want to participate.
If you are looking to consolidate your private student loans, it means there is one less company on the market.
You will have a lot of important financial decisions to make after getting a job, one of which will be paying down your student loan debt.
If you took out multiple student loans in undergraduate or graduate school, they may all have different balances and interest rates.
Sallie Mae, the nation’s largest student loan company, no longer offers private student loan consolidation services.
Review the following questions and find what you need to know about consolidating student loans.
Sallie Mae has made huge profits on their student loan lending.
With the However, the obvious answer for Sallie Mae dropping out is money.
For most, it is an opportunity to lower monthly payments by either extending the repayment terms or lowering the interest rate.
After some extensive research, I was unable to find reasoning behind Sallie Mae’s decision to exit this market.
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This article will focus on my experience in getting interest rates lowered with Sallie Mae.