Sallie Mae Student Loan Services – Sallie Mae Student Loans Consolidation

Sallie Mae offers a variety of student loans, one of which is the Federal student loan which are guaranteed by the government and has a low interest rate. Most students would qualify for this loan and would be eligible to get federal student loan money as well as grace periods after graduation wherein no payments are due.

 A Perkins Student Loan is also available which has many of the features of a subsidized Stafford loan except that it has a longer grace period.

 There is also the private student loan which aims to provide additional funds after the borrower has maximized all the money from the federal loan. You can apply for this in your school or from private financial agencies.

 Another is the International Student Loan which provides solutions, financially, to the growing number of students who want to pursue their studies and degrees in other countries.

 To be eligible for these loans you must be a permanent US citizen or a national, must be enrolled or at least plan to enroll for half of the semester, you must also be enrolled or have been accepted in a university or college that is a participant in the Federal Family Education Loan Program and you must also not be in default for any education loan or owe a refund on your education grant.

 Sallie Mae also offers flexible repayment options. They also don’t require any payments from you while you are still in school.

 There are also no pre-payment penalties. The best part? You are given a six month grace period to pay them after you’ve graduated giving you time to find work and settle in a new environment.