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Does Sallie Mae offer private or federal student loans?
Asked by unknown
1 Answers
In 1972, Congress first created the Student Loan Marketing Association (SLMA) as a private, for-profit corporation. But it has taken a few forms over the years. So currently, Sallie Mae is a company that offers only private student loans. You won't find Sallie Mae on any federal student loan servicer list and it only services private student l
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What can happen without a cosigner if a Sallie Mae student loan is required?
Asked by unknown
1 Answers
If you successfully secure a Sallie Mae student loan with no cosigner, expect a high monthly payment and a relatively higher interest rate. Applying for a Sallie Mae student loan with no cosigner can come with a price, but for many its worth it. Sparing your family the pressure of student loan payments is something many borrowers are looking for
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What credit score is required for a Sallie Mae loan?
Asked by unknown
1 Answers
Financial minimum credit score required is mid-600's. Minimum income required is No income minimum. Typical credit score of approved borrowers or co-signers is 749.