To make someone eligible to get information about your account, call our Customer Service team at 800-472-5543 (800-4-SALLIE) . They can add the person’s name to your account, which allows them to request information and make payments. The person you add will not be able to make changes to your account.
What is the name of my student loan lender?
To find out which loan servicer is servicing your loan, sign in to “Account Dashboard” or call 1-800-4-FED-AID (1-800-433-3243).
What happens to my Sallie Mae loan if I die?
If you die, your federal student loans will be discharged, meaning no further payments will be required. Your parent, spouse or another person you appoint will need to submit proof of death to your loan servicer. This means an original or copy of the death certificate.
How does Sallie Mae pay off parent loans?
You can pay off your loan faster by making principal and interest payments while your student is in school and your total Parent Loan cost will likely be lower, compared to the interest repayment option. Your monthly Parent Loan payments will likely be higher while your student is in school, compared to the interest repayment option.
How does Sallie Mae cosign a student loan?
You cosign the loan and share the responsibility of paying it back with your student Monthly interest payments while a student is in school for up to 48 months, followed by monthly principal and interest payments for the remaining life of the loan
How often can I apply for Sallie Mae student loan?
Get a 0.25 percentage point interest rate reduction when you enroll and make monthly payments with auto debit. 4 You can apply only once and get the money your student needs for the entire school year. Funds will be sent for each term as requested by your school.
What do I need to know about Sallie Mae?
Lowest rates shown include the auto debit discount. Only the most credit-worthy applicants may receive the lowest rates. Pay all your student’s school-certified expenses like tuition, fees, books, housing, meals, travel, and even a laptop. 2
