When you begin making payments, Navient may be the company that services your loan—or it could be one of the several other federal student loan servicers. Your student loan servicer basically acts as the billing, collections, and customer service for federal loans. They offer competitive rates see table below and have three different repayment options you can choose from.
The Sallie Mae Smart Option Student Loan is for students who have been accepted or who are enrolled in an eligible degree-granting institution within the last year. You must be a U. The Sallie Mae Parent Loan is a private loan that is available to parents, family members, or other individuals who plan on helping pay for a students education. But after graduation, Navient may be the one servicing your student loans—which means you will be sending your monthly payment to them.
After you start paying on your student loan, they will be able to provide you with information about different income-driven repayment plans that can help make your monthly payments more affordable.
And if you experience financial hardship or lose your job, N avient may also be able to assist you with deferment or forbearance. Want to know more about how private student loans work? Get our free Private Student Loans guide. Select basic ads.
Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Student Loans Managing your Student Loans. Part of. The U. Loan Types. Repayment Options. Table of Contents Expand. Table of Contents. What Is Sallie Mae? How Sallie Mae Works. Types of Sallie Mae Products. A personal finance journalist for nearly a decade, she covers consumer credit in addition to her specialization in education debt and financing.
It's a great equalizer and a proven path to a healthy financial future. Education is an investment that can change your life. This belief drives everything we do. You're following your own unique journey. We're here to help you reach what's next, whether it's college, graduate school, or your next big adventure.
Education has been a long journey, and what I have learned along the way continues to inspire me and empowers me to bring the best possible care to my patients. You can grow your money and even track progress toward a specific goal with our savings products.
Our opinions are our own. Here is a list of our partners and here's how we make money. All Sallie Mae loans taken out since are private. The best way to determine if you have federal or private student loans is to check studentaid. If you need to borrow money for college, exhaust federal student loans before taking out a private student loan.
All new Sallie Mae loans are private.
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