Facing a Tuition Payment Deadline? Don't Worry. Sallie Mae Offers ...

Tag : college education
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Tuition Payment Plans
Many schools offer families the opportunity to make monthly tuitionpayments over the course of the school year as an alternative to alarge, lump-sum payment due at the start of the term. Sallie Mae's TuitionPay is an interest-free, monthly installment option that helpsfamilies better manage the cost of education. TuitionPay plans cansave families money by reducing the amount needed to borrow, and byletting funds stay longer in interest-bearing accounts. For moreinformation, visit www.TuitionPay.com or call 800-635-0120 to speak with a TuitionPay consultant. --
Sallie Mae PLUS Loan Federal PLUS Loans allow graduate and professional students andparents of undergraduate, dependent college students to financetheir unmet financial need, up to the full cost of education, ascertified by the student's school. Federal PLUS Loans carry a fixedinterest rate of 8.5%, regardless of the customer's credit history,income, assets or collateral. The loan may be used to covereducation expenses in addition to tuition, including room, board,books, supplies and even travel.
New federal legislation has made qualifying for PLUS loans easierthis year as borrowers may be up to 180 days late on payments ontheir primary mortgage or medical bills and still qualify. Also newthis school year: Parents with new PLUS loans may postpone makingpayments until six months after their beneficiary student completescollege or drops below half-time status. In addition, Sallie Maeassists parents and graduate and professional students who do notimmediately qualify for a PLUS loan in resolving outstanding orerroneous credit issues. More information is available on www.SallieMae.com/PLUS . --
Sallie Mae Signature Student Loan
For students who have explored all federal student loan programsand still have unmet financial need, the Sallie Mae Signature Student Loan is the next best option. Sallie Mae's Signature Student Loan is aprivate education loan for qualified undergraduate, graduate andhealth profession students that offers competitive interest ratesthat reward creditworthiness. Applicants who do not have anestablished credit history are encouraged to apply with acreditworthy cosigner to help qualify for the loan. Those who havean established credit history may be eligible for a lower interestrate by applying with a creditworthy cosigner. By logging onto www.SallieMae.com/Signature , students can learn more about the Signature Student Loan, use theonline pre-approval feature to receive credit results quickly andcomplete the entire application using the e-signature process.