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Up until recently, student-borrowers could apply for a Federal Consolidation Loan through Sallie Mae, but recent changes in the Federal student loan program have shifted the application process back to the Federal government.
Students interested in securing a Federal Consolidation Loan must now apply directly to the U. Department of Education’s Federal Student Aid Division.
We’ve put together a library of essential resources (like how-to guides, comparisons, and calculators) to help you make better choices when it comes to refinancing student loans. Browse Resource Library When you refinance student loans, you get credit for the positive changes to your financial profile since you originally took out the loans.
A student loan refinance is a good choice for people who have seen advances in their income, career, or credit score since they were in school.
Sallie Mae no longer offers private loan consolidation.
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.
To be allowed to take out this type of loan, you cannot have any savings over £16,000.
When you take out a Career Development Loan you also have to sign a legally binding agreement with the bank stating that you need the loan for course fees or living expenses.