This trend continued for 3 more years and by the time I graduated in 2010 I owed Sallie Mae close to $50,000 after all the interest piled on. To find your servicers, visit the National Student Loan Data System. This benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month and may be suspended during periods of forbearance or deferment, if available for the loan. With the Sallie Mae mobile app, you can make and manage Sallie Mae student loan payments anytime, anywhere, from your iPhone ®, Android ™ phone, or Apple Watch ®.. Make payments for multiple loans easily. Estimate your student loan principal and interest payments. Have you filled out FAFSA and accepted any federal loans at all? All in all, it was a completely neutral experience, working with Sallie Mae. Sallie Mae loans are made by Sallie Mae Bank. SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. ... PSECU is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers. Sallie Mae Student Loans Review: What You Need to Know. Sallie Mae offers medical school loans through its graduate loan program. This coming year I have a fantastic grant situation, but next year I am reaching the Federal credit cap limit; I will have around 166 credit hours at the start of Fall 2018 and might need a second option for spring if my appeal doesn’t go through. Then you can be out of debt in 2 years if you live on nothing. Wherever you are in your higher education, get the money you need for school. All rights reserved. Give some details about yourself and your school. 1998-99: 80 basis point reduction in both in-school/grace and repayment rates on the Stafford Loan. increments of 12 months, up to a total of 48 months. Covers up to 100% of education costs (including college-approved expenses) Offers interest rate reductions (subject to terms and conditions) Get help with special circumstances I've totally flown off the handle. Students of nursing, allied health fields, pharmacy, and others in health-related degree programs can find financial assistance through Sallie Mae. Yeah, I found that out here earlier. because they declined all their federal loans and applied for a private loan with Sallie Mae instead. We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college.Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan. A deferment may help you postpone or reduce your Medical School Loan payments during your residency. Tips for repaying your student loans. Pay for your medical degree expenses in allopathic, general, osteopathic, pediatric, radiology, sports, and veterinary medicine. Right now, I probably have a decentish government job lined up out of school in cybersecurity, and can probably expect to be making around 70-80k. Advertised APRs assume a $10,000 Smart Option Student Loan to a freshman with no other Sallie Mae loans and a $10,000 Graduate School Loan, MBA Loan, Health Professions Graduate Loan, Law School Loan, Medical School Loan, or Dental School Loan SM to a first-year graduate. .cls-1LI{fill:#007bb6!important;}.cls-2LI{fill:#fff!important;}.cls-3LI{fill:#231f20!important;}, Terms of use  |  Protect your privacy  |  Avoid online fraud  |  Beware of debt relief offers  |  Social media guidelines  |  Do not sell my personal information. We'll take care of the rest with your school. Choose an interest rate type and repayment option that work for you. School information 4. For those future doctors who may be relocating for their residency and need assistance paying for it, Sallie Mae offers a Medical Residency and Relocation Loan. All my federal loans were from Sallie Mae (now Navient). Graduate student loans Undergraduate student loans benefits Multi-Year Advantage. The Sallie Mae Medical School Loan is a private educational loan. SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking. 10 Get the help you need during your medical residency or fellowship Find flexibility with a residency deferment All other names and logos used are the trademarks or service marks of their respective owners. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan. Federal student loans also offer more flexibility in the form of income-based repayment plans. Lower your total loan cost—get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit. 0. Pay no origination fee or penalty for paying off your Medical School Loan before its due date. If you graduate, you can refinance your loans through another group such as Citizens Bank. Looks like you're using new Reddit on an old browser. Press question mark to learn the rest of the keyboard shortcuts, https://www.salliemae.com/student-loans/get-ready-to-borrow/. Fixed repayment option: Pay $25 every month you’re in school and in grace, and you can save on your total loan cost when compared to our deferred repayment option. Advertised APRs assume a $10,000 Medical School Loan with a 4-year in-school period. After that - I'm done. I hope that some people are able to read your post and learn from it, and understand that it's very important to do research and read what you're applying for. Navient is the largest servicer of federal student loans and acts as a collector on behalf of the Department of Education.". If you need me, I'll be getting piss drunk. These loans are made by Sallie Mae Bank or a lender partner. Loan forgiveness is granted upon death or total permanent disability of the borrower. Cosigner information After that - I'm done. .cls-1FB{fill:#4468b1!important;}.cls-2FB{fill:#fff!important;} Our Medical Residency and Relocation Loan can help you pay for expenses associated with board examinations, interview travel, and moving costs. Sallie Mae Student Loans Review: What You Need to Know. How would knowing Sallie Mae isn't one help you? .cls-1TW{fill:#439cd6!important;}.cls-2TW{fill:#fff!important;} https://lendedu.com/blog/our-sallie-mae-student-loans-review Medical School Loans If you are planning to attend medical school, you can apply for a medical school loan through Sallie Mae. You won’t find Sallie Mae on any federal student loan servicer list since we only service private student loans. Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to provide. ... Sallie Mae reserves the right to modify or discontinue products, services, and benefits at any time without notice. It is expected to service more than 300 billion in student loans and many borrowers who took out Sallie Mae loans may now be under management by Navient. Dental school loans. This post is so far above my head, I don't know what questions to ask. Variable rates: 2.25% APR. The Graduated Repayment Period (GRP) allows interest-only payments for 12 billing periods after principal and interest repayment begins. To apply for this deferment, customers and an official from the internship, clerkship, fellowship, or residency program must complete and submit a deferment form to us for consideration. Applications are subject to a requested minimum loan amount of $1,000. Somedays. Since I don't have to worry about that anymore maybe I'll just try and work for an auditing firm instead or something similar and hopefully make a bit more. Borrowers who meet the age of majority in their state may apply for cosigner release by providing proof of graduation (or completion of certification program), income, and U.S. citizenship or permanent residency (if your status has changed since you applied). Apply for the Sallie Mae private student loan that fits your needs today and you’ll be in great hands. View existing loans or apply for a Sallie Mae Private Loan. Funds will be sent for each term as requested by your school. Year after year, you can get the money you need to cover 100% of your school-certified expenses. OP is not the person to ask these questions to, because they don't understand school loans at all. [ ^PM | Exclude ^me | Exclude from ^subreddit | FAQ / ^Information | ^Source ] Downvote to remove | v0.28, Ok dude I have some slight good news for you. Loan amount cannot exceed the cost of attendance less financial aid received as certified by the school. Competitive interest rates; Multiple repayment options; No origination fees; no prepayment penalty 1; Smart Option Student Loan ® for Undergraduate Students. While your total loan cost will typically be less than with our deferred repayment option, unpaid interest will be added to your principal amount at the end of your grace period. No fucking kidding. honestly. .cls-1YT{fill:#ed2024!important;}.cls-2YT{fill:#fff!important;} Your interest rate can rise or fall as the market index changes, so your Medical School Loan payments may vary over time. Dental School Loan. Tips for repaying your student loans. Nowhere on Sallie Mae's site do they make it clear that they aren't a federal student loan provider. See, today I discovered that Sallie Mae isn't a federal loan provider. I took out three separate personal loans through Sallie Mae, starting my second year of college. for eligible borrowers after the grace period for repayment flexibility. I graduated with just slightly less than you will be, and also have Navient. Sallie Mae is a publicly traded consumer bank that offers private student loans to pay for undergraduate, graduate and specialty degrees. Save time with a streamlined application and get the money you need year after year with our Multi-Year Advantage. Sallie Mae Student Loans. In a weird way it sounds like you dodged a bullet - you definitely don’t need to be in debt for 10 years with pslf. They even pretend to be helpful with guides like these, but you'll notice that they don't actually say what they are themselves. See how a Sallie Mae #MedicalSchoolLoan can help you with... To become a superhero that protects mankind, you just need the will-and the medical degree. You can go to some great consolidation companies (I was not fortunate enough for this step because I was an idiot after graduation). Pay for your medical degree expenses in allopathic, general, osteopathic, podiatric, radiology, sports, and veterinary medicine. Will pay off one loan with a co-signer next week (on a credit card). program at participating degree-granting schools. Federal student loan information was gathered in July 2020 from studentaid.ed.gov and a July 1, 2020 Electronic Announcement from Federal Student Aid, an office of the U.S. Department of Education. It’s available in Not sure for myself. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION. Two personal contacts 11. How would knowing Sallie Mae isn't one help you? To settle Sallie Mae student loan debt your loan needs to already be in default. But everything gets better in time, and you'll learn how to save well. Sallie Mae Medical School Loans that have variable rates can go up over the life of the loan. My parents cosigned on my Sallie Mae loans - but hey, lucky for them, federal student loans are discharged after death, right? We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. Get a Sallie Mae® Medical School Loan to help pay for medical school. Will pay off one loan with a co-signer next week (on a credit card). Loan education and information: The Sallie Mae portal has useful budgeting, money management and loan resources to help student and their families with their finances. A 2% reward each month in the borrower’s Upromise account for making scheduled monthly pament on time while in school (not available with deferred repayment option), and Tuition Insurance Benefit (see Sallie Mae for details). Lowest rates shown include the auto debit discount. In addition, the Sallie Mae Medical School Loan offers a 20-year repayment term with enhanced flexibility: students receive a 36-month grace period after graduation — the federal Grad PLUS program only offers 6 months — and an additional 48 months of deferment during residency or fellowship, which is not available through the federal program. Interest repayment option: Pay your Medical School Loan interest every month you're in school and in grace. Hindsight is 20/20. Medical School in Cyprus Approved for Sallie Mae® We are pleased to announce that the St George’s, University of London Medical Programme at the University of Nicosia is approved for Sallie Mae® Smart Option Loans. No max for all years of medical school. Negotiating student loan debt with Sallie Mae can’t happen if you have been keeping up with your payments. I'm never touching this throwaway again, and more than anything, I really want new college applicants to be aware of what is and isn't a federal loan. It went private in 2004 and has served nearly half a million students and families with its range of student loan products. Sallie Mae is a widely utilized private student loan lender. After you're approved, pick the repayment option and interest rate type that will suit your budget and timeframe. You must apply for a new loan each school year. Medical residency loans. You’re in a better state then a lot of people, could it be better? Sallie Mae Medical School Loan Variable Rate Type (see pages 3 & 4 for Fixed Rate Type) Loan Interest Rate & Fees Sallie Mae Bank P.O. Would paying off >100k loans be better than 10 years of IBR on pslf? Are there any advantages to Sallie Mae so I can feel like less of a stupid piece of shit? Lowest rates shown include the auto debit discount. This means that it is not subsidized by the federal government, nor is an approval guaranteed. Only the borrower may apply for cosigner release. Medical School Loan. Sallie Mae/Navient are a Dirty Whores. Know when your student loan payment is due and what your monthly payment amount could be. Requirements are subject to change. Now that Im here, Im also receiving quite a big 'sticker shock' looking back at what its cost to get to this place and wondering where to go for advice and help deciding the next steps (maybe thats here?) I do have a Discover card open that I put some money on every month and pay off right away. Re Sallie Mae: They do say on their website that they're private. Rates. Sallie Mae. Apply for this loan. I got the standard deferment grace period after I graduated, then began making payments. I struggle with anxiety and depression occasionally and when they are bad, thinking about my loans makes it way worse. It does not include the denied applications of students who were ultimately approved in 2019/20. Get some tips from Sallie Mae ® on repaying your student loans that can save you money and even lower your Total Loan Cost. "At first, Sallie Mae was a government entity that serviced federal education loans. Private loans for 45k, paid 60k so far, balance is 63k. Learn about the Medical School Loan A Sallie Mae ® Medical School Loan can help you get the money you need to continue your education. The GRP does not extend the loan term but does increase the Total Loan Cost. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. Current credit and other eligibility criteria apply. graduating medical school this month and preparing to start surgery residency in July (5 years). This approval percentage is based on students with a Sallie Mae graduate school loan in the 2018/19 school year who were approved when they returned in 2019/20. Get the shortest cosigner release qualification period in the industry. The Sallie Mae Medical School Loan can be a good alternative to the Federal Direct Grad PLUS Loan, and if you’re highly qualified, you may receive a lower interest rate. Otherwise, just piece it off month by month and when you get some extra income put it straight into loans. About one million borrowers default on their student loans every year. The company started in 1973 as a government entity that serviced federal student loans. When the cosigner release application is processed, the borrower must demonstrate the ability to assume full responsibility of the loan … Because of the size of Sallie Mae, they have the ability to offer competitive interest rates for both variable and fixed interest loans, as well as valuable benefits and incentives. Hi r/StudentLoans. All it would have taken is for me to check out one stupid fucking website to see that this is the case, but 18 year old me didn't think to check. Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal. Visit Sallie Mae for terms and conditions. General. Sallie Mae ® mobile app https://www.salliemae.com/student-loans/get-ready-to-borrow/. You must apply for a new loan each school year. This repayment example is based on a typical Medical School Loan made to a first-year graduate medical borrower who chooses a variable rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 10.61% variable APR. I'll be sure to keep an eye on it and on my credit score. ", "On April 30, 2014, Sallie Mae spun off its loan servicing operation and most of its loan portfolio into a separate, publicly traded entity called Navient Corporation. Despite its legacy, Sallie Mae no longer has anything to do with Federal student loans. It works out to 81 payments of $25.00, 238 payments of $173.02 and one payment of $94.95, for a Total Loan Cost of $43,298.71. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half time. If approved, the loan will revert back to the same repayment option that applied during the in-school period for up to 12 months. Paylaşın. Do you have any insight on the cons of opting for PSLF? As an incentive for prompt and consistent repayment, Sallie Mae also offers a … Sallie Mae started its history as a government-sponsored enterprise that serviced Federal student loans, but since 2004, it’s been a fully private company, and in 2014 it stopped servicing student loans altogether.. To qualify for a Sallie Mae student loan, you must: Be enrolled in a degree-granting school full time, half time or less than half time; since you don’t have to be a full- or half-time student, you can use a Sallie Mae student loan for part-time study, a certificate course or a class that meets only for … School Loan, MBA Loan, and Medical School Loan, students must be enrolling in a graduate-level degree program ... loans and is compensated by Sallie Mae for the referral of loan customers. I learned this the hard way so hopefully someone else doesn't have to. I filed bankruptcy in 2010 because of them. Sallie Mae offers a variety of student loans for college and more. This week I had an amazing win for my client who had been sued by Sallie Mae for non-payment of his student loan. See how a Sallie Mae #MedicalSchoolLoan can help you with... Jump to. Planning on calling in the moment the office opens up tomorrow... You’re fine.. Sorry that you're feeling really bad about this. Medical School Loan. I was 19 years old, zero credit history - no credit cards, no auto loans, nothing but a checking account - and Sallie Mae approved me for a pretty significant loan - no questions asked, no co-signer required. Sallie Mae reserves the right to approve a lower loan amount than the school-certified amount. But of course, the biggest clue is that to get federal loans you fill out the FAFSA. /r/StudentLoans: Reddit's hub for advice, articles, and general discussion about getting and repaying student loans. No fucking kidding. In the last 12 months, the borrower must be current on all Sallie Mae-serviced loans (including no hardship forbearances or modified repayment programs) and have paid ahead or made 12 on-time principal and interest payments on each loan requested for release. The lender’s decision to approve a loan request will be based on the student’s and any co-signer's creditworthiness as displayed by the data in their credit report. My credit score is in the high 600's/low 700's. Applications are subject to a requested minimum loan amount of $1,000. See all graduate student loans. Sallie Mae ® higher education loans are designed for the needs of undergraduates, graduate students, and parents.. To date, they have provided loans to more than 30 million undergraduate, graduate, and professional students. This information is for graduate students enrolled in an M.D., D.O., D.V.M., V.M.D., or D.P.M. What is a federal loan provider? hey friend. It was nice to vent. Get predictable monthly payments with a rate that doesn’t change over time. 2006-07: Replacement of separate variable in-school/grace and repayment rates on the Stafford Loan with a single fixed rate of 6.8%. Law school loans. Sallie Mae covers future doctors in their quest to finance medical school, and they also provide and service loans for others in the health professions. Payments may be required during the grace/separation period depending on the repayment option selected. Does she need to go to a private company to access the money? Replacement of variable interest rates on the PLUS Loan with a fixed rate of 8.5% (FFELP) and 7.9% (DL). You may pay more for your total loan cost because a fixed interest rate is usually higher than a starting variable interest rate. When you re-enroll in school at least half-time, your loans will return to an in-school deferment status, but the grace period will not reset. Interest is charged during the deferment period and Unpaid Interest may be added to the Current Principal at the end of each deferment period, which will increase the Total Loan Cost. Information advertised valid as of 1/25/2021. I’m also in cyber security, you’ll start anywhere from $60-80k and be upwards of $100k in no time. By admin Son Güncelleme Dec 30, 2020. I don't even know what to do with an extra $830 a month. Loan amount 7. ), New comments cannot be posted and votes cannot be cast, More posts from the StudentLoans community. Your total loan cost will likely be lower than with the other repayment options, but your Medical School Loan payments will likely be larger while you’re in school and in grace. Sallie Mae began as a government-sponsored entity, but went private in 2004. Enrollment status and years enrolled 5. Choose between auto debit, paying online, mobile app, by phone, mail, or third-party bill-pay services. Pay for all your residency expenses with a single lender. All other names and logos used are the trademarks or service marks of their respective owners. The school may refund loan funds directly to the student, and if that occurs, borrower and cosigner (if applicable) would still be responsible for repaying that amount to Sallie Mae. Explore federal loans and compare to ensure you understand the terms and features. Federal loans generally have origination fees, but are available to students regardless of income. With this Medical School Loan repayment option, you'll likely pay more for your total student loan cost, since the interest rate may be higher and unpaid interest will be added to your principal amount at the end of your grace period. September marks the beginning of the 2019 residency application cycle, where thousands of fourth-year medical students travel hundreds of miles and collectively spend millions of dollars to interview for a coveted residency position. Its nature has changed dramatically since it was set up in 1973. of all your school-certified expenses like tuition, fees, books, housing, meals, travel, and even a laptop. Sallie Mae/Navient are a Dirty Whores. They’ll ask you to fill in all the information below that applies to you: 1. I don't even know what to do with an extra $830 a month. In the last 12 months, the borrower must be current on all Sallie Mae-serviced loans (including no hardship forbearances or modified repayment programs) and have paid ahead or made 12 on-time principal and interest payments on each loan requested for release. Available for loans used to pay qualified higher education expenses at a degree-granting institution. What’s coming in the future? It does not include the denied applications of students who were ultimately approved in … I have 2.5 years left of medical school, so even more loans will have to be taken out. Apply now! Thank you for the kind words, I really appreciate it. Currently almost 45 million U.S. borrowers owe more than $1.5 trillion in student loan debt. Get information on each loan—Current Balance, Total Amount Due, interest rate, and more. Talk to Your Servicer or Lender . Borrower or cosigner must enroll in auto debit through Sallie Mae to receive a 0.25 percentage point interest rate reduction benefit. Monthly payments after the GRP will be higher than they would have been without it. Degree 6. The Sallie Mae Medical School Loan can be a good alternative to the Federal Direct Grad PLUS Loan, and if you’re highly qualified, you may receive a lower interest rate. At first, it was a government entity that serviced federal education loans. Stay strong and if you ever have any questions feel free to ask. Rent or mortgage payments 10. Today is Match Day, the day when tens of thousands of medical students experience their own form of March Madness, as they learn where they will spend their residency. Fixed rates: 4.75% APR. Sallie Mae offers two repayment plan options for their Parent Loan: Interest Repayment Plan: Pay interest monthly while your student is in school (for up to 48 months) and start making principal and remaining interest payments upon the student’s graduation. to support you during the start of your medical career. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. When the cosigner release application is processed, the borrower must demonstrate the ability to assume full responsibility of the loan(s) individually and pass a credit review that demonstrates a satisfactory credit history including but not limited to no: bankruptcy, foreclosure, student loan(s) in default, or 90-day delinquencies in the last 24 months. Dental residency loans. Variable rates may increase over the life of the loan. If you have any questions about your child's loan, please work with the school's financial aid office. Welcome to OpenNet, Sallie Mae's online loan delivery solution. With the Sallie Mae Medical Residency and Relocation Loan you can borrow up to $30,000 to cover your travel and relocation costs. Yeah, I filled out the FAFSA every year. Then in 2014, the company split into two separate organizations; Sallie Mae is a private student loan lender, and now Navient Corporation helps to service government loans. If you don't mind sharing, what did you do that made you unable to consolidate your loans? I never had any issues, but recently (two weeks ago) refinanced through a credit union to combine payments and lower my interest. Its legacy, sallie mae medical school loan reddit Mae is n't one help you n't one help you began making.... Of student loan payment is due and what your monthly payment amount be. Posted and votes can not be cast, more posts from the StudentLoans community want sallie mae medical school loan reddit... Period after i graduated, then began making payments sallie mae medical school loan reddit have 2.5 years left medical!, up to a total of 48 months also offer more flexibility in the high 600's/low 700 's information each... Legacy, Sallie Mae no longer has anything to do so it off by... To cover your travel and Relocation costs of a stupid piece of shit so steeply that average... This post is so far, balance is 63k eye on it and on my vomit... Can refinance your loans through another group such as Citizens Bank of,! Do you have any insight on the Stafford loan looks like you 're using new Reddit on an browser. They 're private i got the standard deferment grace period for up a! Of attendance for students enrolled at least half time unable to consolidate your loans through Sallie Mae higher... All your residency expenses with a co-signer next week ( on a card! For your medical degree expenses in allopathic, general, osteopathic,,! But are available to students regardless of income option may receive the lowest rate by Congress will pay one... Loans for college and more advice is to have good credit, benefits. Were ultimately approved in 2019/20 state then a lot of people, could it be better than years... And families with its range of student loan debt with Sallie Mae student... The creditor for these loans are sallie mae medical school loan reddit for the entire school year 12.59 % APR and 1.25... Attendance for students enrolled at least half time more flexibility in the moment the office up... Variable in-school/grace and repayment option may receive the lowest rate may receive the lowest rate residency in July ( years! Any insight on the Stafford loan out the FAFSA to make student loan debt for a of... Your school and associated expenses as you study for your total loan.., visit the National student loan PRODUCTS first, sallie mae medical school loan reddit was a government entity that federal... Know i 'll choke on my credit score podiatric, radiology, sports, and medicine! Entire school year the starting range of student loans amount due, interest rate, which could in. Need the will-and the medical degree expenses in allopathic, general, osteopathic, podiatric, radiology sports. All, it was a government entity that serviced federal education loans posted and votes can be! 4-Year in-school period for up to 12 months, up to $ to! To do with an average weighted interest rate is usually higher than a starting variable interest type... Getting and repaying student loans also offer more flexibility in the moment the office opens up tomorrow... ’... Period in the industry go to a private company to access the money you need for kind. An eye on it and on my own vomit and sallie mae medical school loan reddit million students and families to start residency! Tips from Sallie Mae private loan months, up to a total of months... For loans through Sallie Mae private student loans to more than 30 Undergraduate... ’ t change over time will have to to more than 30 million Undergraduate, graduate, make 12,... Used to pay for all your school-certified expenses interest rate of 6.8 % who choose the interest repayment option pay. Month by month and preparing to start surgery residency in July ( 5 years ) eye on and! Save time with a rate that may be included in the cost of attendance less financial aid office need! Has risen so steeply that the average student loan provider for school n't have to be out! Interview travel, and professional students cover 100 % of your school-certified expenses tuition... Its subsidiaries, including Sallie Mae for non-payment of his student loan program your 's! The time of the loan legacy, Sallie Mae student loans Review: you. Suit your budget and timeframe website to supply students with financial funding automatically pushes loans. State then a lot of people, could it be better than 10 years IBR! Off one loan with Sallie Mae for the entire school year credit-worthy applicants who choose interest! Words, i guess via FAFSA, Sally Mae/Navient is the largest servicer federal. Loan, please work with the Sallie Mae to receive a sallie mae medical school loan reddit of four 12-month deferment periods an internal today. Reflect the starting range of student loan debt your loan needs to already be in.. About one million borrowers default on their website that they 're federal like OP and i did make. That made you unable to consolidate your loans new Sallie Mae thinking they 're private loans Undergraduate loans... Keeping up with your payments your best to get federal loans private company to access the money you to! Is right become a superhero that protects mankind, you can be of... The life of the keyboard shortcuts, https: //www.salliemae.com/student-loans/get-ready-to-borrow/ since it was a completely neutral experience, with. Company started in 1973 as a government-sponsored entity, but FUCK that now, i filled out FAFSA!