Borrowers who are having difficulty with private student loans, from lenders like Sallie Mae and others, have fewer options.Today we are going to take a look at the programs available to private student loan borrowers.Sallie Mae specializes in providing affordable loans for college students at every stage of their development.The company offers a variety of student specific loans, including loans for undergraduate and graduate students, loans for career training, loans for medical and dental residencies, and loans for law students preparing for their bar exams.For those students holding Federal loans which are being managed through Sallie Mae, borrowing limits and repayment schedules will be set by the government. Many college students spend years paying off their student loans.
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.
Sallie Mae is the owner or manager of student loans for millions of borrowers trying to finish their education and begin a career.
Consolidation may be able to save you money over the long term. If you consolidate your federal student loans into one monthly payment, you can often reduce your monthly payment by as much as 52 percent.
We are being told now that under no uncertain terms she will ever be able to be released from the loan.
I became unemployed last July & have been unable to find another job & have a new infant to care for as well.