Do you agree with me that a good student loan is a great solution to get more peace of mind with your studies? Well, that is a fact. Having extra cash on hand can give you the opportunity to take more courses, pay off student debts, buy materials, or for any other purpose.
If you fit this profile, you are in the right place. With Sallie Mae Student you can get up to $90,000 in loans, which can be very useful for improving and expanding your studies. It is a good option for new student borrowers looking for a full-service lender, even if it does not offer refinancing of student loans.
All this, plus other savings products and other tools to help families plan and pay for college, including a credit card that gets cash bonuses to help you pay off any student loans.
Pros and Cons for Sallie Mae Student
The Sallie Mae Student is available all over the USA and offers great interest rates and good payment terms for most students. But there is a little more to this line of credit that may convince you to get a loan and fulfill your study dreams.
Some advantages include:
- Large loan amounts
- Educational Resources
- Variety of Supported Programs
- One of the few lenders to provide loans to part-time students
- Borrowers can access online classes and free credit score tracking
- Non-US citizens, including DACA students, can apply with a US co-signer
The Sallie Mae Student is an easy-to-use system that allows any student to get a loan. This can be a great way to get rid of the high interest on other debts or give your study projects a boost.
Cons for Sallie Mae Student
The Sallie Mae Student has some negative points that should be explored and discussed here. The first is that they actually look and charge for documents to confirm issues of financial hardship – which may decide to get in or not.
Also, regarding the repayment term, where you may option between 15 or 20 years depending on the type of program and graduates who are limited to a term between 10 and 15 years.
How to Qualify
In general, you need to meet the following criteria to qualify for the Sallie Mae Student:
- No minimum income requirement
- Minimum credit score of at least 600
- Can qualify if you filed bankruptcy: Applicants cannot have an open bankruptcy
- Must be a US citizen or permanent resident, or a non-US citizen with a credit worthy co-signer who is a US citizen or permanent resident
How to Apply
To get this application, the best way to apply is online via the application form provided on the official Sallie Mae Student website.
Before applying for a loan, make sure you have evaluated your credit report and read all the details in the fine print to avoid confusion when the monthly payment due arrives. Sallie Mae Student will likely do an affordability assessment before providing access to funds.
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