16 year old dating older man - Consolidating student loans information

Through their website students can find helpful information on Saving for College, Planning for College, Paying for College and Money Management Before, During and After College.

Students considering private loan consolidation should refer to our section on Using Private Lenders to Consolidate Student Loans.

Sallie Mae is devoted to helping students navigate the murky waters of college finance.

By 2004 the company cut all ties with the Federal government, and today Sallie Mae is a publicly held, private sector financial institution.

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.

Sallie Mae also offers extensive 529 College Savings Plans for students and their families, as well as banking services and student friendly insurance policies for health, auto, home and tuition.

Students who have qualified for a Federal Consolidation Loan may still choose to manage their loan through Sallie Mae, and may be eligible to take advantage of the repayment options discussed above.

Sallie Mae no longer offers private loan consolidation.

Federal Consolidation Loans allow borrowers to combine multiple Federal student loans into one more manageable loan, resulting in lower monthly payments.

Students considering loan consolidation should understand that the process often extends the overall life of their loans, and will result in an increase in total interest costs.

Understanding the difference between federal and private loans and your consolidation and repayment options can save you thousands of dollars.

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