Learn to apply easily for Sallie Mae Student Loan
Here’s a quick and easy-to-follow step-by-step guide for you to get your Sallie Mae Student Loan.
Sallie Mae Student Loan application: applying is fast and the result comes out quickly.
After analyzing the student loan market you have decided that you want to apply for the Sallie Mae Student Loan. Before pulling the trigger it’s important to know what you should expect in the application process. Either a borrower or a cosigner can start the application.
On Sallie Mae’s loan page, select whether you’re a student or a cosigner. Now the website will reveal a few questions which you should answer truthfully. The website will then inform you of which kind of loan they offer in your specific case. If you are in agreement, hit continue.
Now you must enter your basic information such as your name, email address, phone number, date of birth, citizenship status and Social Security number. Once you’ve entered those, hit continue. Now enter your home address and hit continue one more time.
Now select the degree or certificate of study you are applying to, your major or specialty, enrollment status and grade level. Then click to continue. After that, the website will ask you to specify the amount you wish to borrow and for how long. On this same page you must inform Sallie Mae of other expenses you may need funding for and also the financial aid provided by your school.
Once you click to continue, the website will reveal the total amount of the loan request. Hit continue once again. Then, enter your cosigner information. If your cosigner is not with you during the application process, Sallie Mae will email you a code you should send to your cosigner form him or her to access the application and finish it up.
The website will show you an Electronic Delivery Consent. Click to agree. Then, on the Application Solicitation Disclosure page, click to continue. Finally, on the next page hit submit and you’re on your way to getting your loan.
Now Sallie Mae will review your credit and may even ask you for some additional information or documentation before they reach a decision. If they approve you, you will then choose your interest rate and repayment option. Once you or your cosigner have accepted the terms of the loan and signed it electronically, they will verify the information with your school. If everything is good, you got your loan.
You will be redirected to another website
Sallie Mae Student Loan vs. Discover Student Loan: which is the best?
Now you know how to apply for a Sallie Mae Student Loan. However, if the Sallie Mae Student Loan is not yet what you’re looking for, or you would like to see other options for comparison, here is one worth looking into.
|Sallie Mae Student Loan||Discover Student Loan|
|APR||Variable starting at 1.37% up to 11.48%||Not disclosed|
|Loan Purpose||Student Loan||Student Loan|
|Loan Amounts||Up to cost of attendance||Up to cost of attendance|
|Credit Needed||Not disclosed||Not disclosed|
|Terms||5 to 15 years||15 to 20 years|
|Late Fee||5% ($25 max)||N/A|
|Early Payoff Penalty||N/A||N/A|
About the author / Danilo Pereira
How to buy cheap Breeze Airways flights
Flying doesn't have to be expensive. Learn how you can save money on your next Breeze Airways flight with these easy tips!Keep Reading
Robinhood Investing is ready to take flight
Learn about the recent investments made in Robinhood and what this could mean for the future of the company. Read on for more!Keep Reading
You may also like
Application for the Upgrade card: how does it work?
Learn how to get your new credit card even if you don't have a credit score. Enjoy the benefits of having an Upgrade credit card.Keep Reading
Earn back: Bank of America® Unlimited Cash Rewards Secured review
Read our Bank of America® Unlimited Cash Rewards Secured card review - earn 1.5% unlimited cash back and enjoy a $0 annual fee!Keep Reading
Application for The Centurion® Card from American Express: how does it work?
Do you have what it takes to ask for The Centurion® Card from American Express? Here is the step-by-step to make your requisition.Keep Reading