In the student loan legislation of 2007, the ability to consolidate loans as a married couple was eliminated.
Sallie Mae no longer offers private loan consolidation.
The repayment options discussed above have been put in place to address the needs of students wishing to lower their monthly payments, without the necessity for writing new consolidated loans.
Sallie Mae specializes in providing affordable loans for college students at every stage of their development.
The company offers a variety of student specific loans, including loans for undergraduate and graduate students, loans for career training, loans for medical and dental residencies, and loans for law students preparing for their bar exams.
Sallie Mae also offers extensive 529 College Savings Plans for students and their families, as well as banking services and student friendly insurance policies for health, auto, home and tuition.
In addition to their extensive in-house services, Sallie Mae also acts as administrators for their client’s Federal student loans.Students will find that Sallie Mae can answer all of their education related financial questions, and can provide them with advice and counseling to help them better manage their financial future.The Higher Education Reauthorization Amendments of 1986 reinstated educational loan consolidation.Repayment will vary from 12 to 30 years depending upon the amount outstanding in other, non-consolidated loans.Graduated repayments as well as equal installments will be offered as part of loan consolidation.For those students holding Federal loans which are being managed through Sallie Mae, borrowing limits and repayment schedules will be set by the government.