How do I get in touch with Sallie Mae?

How can we help you?

1. Apply or cosign for a new loan, complete your loan application, or check your application status.
2. Customer service links.
3. Phone. 855-756-5626 (855-SLM-LOAN) Monday – Thursday: 8 a.m. to 9 p.m. ET. Friday: 8 a.m. to 8 p.m. ET. Saturday: 9 a.m. to 6 p.m. ET.
4. Mail.

Does Sallie Mae qualify for loan forgiveness?

Sallie Mae and other private student loans can’t be forgiven. In fact, there are actually no official student loan forgiveness programs for any private student loan company.

Is Sallie Mae a government student loan?

Sallie Mae started off under the federal government and provided loans through the Federal Family Education Loan program, or FFEL. Since then, Sallie Mae no longer services federal loans and provides only private student loans.

Who took over Sallie Mae loans?

Navient Corporation
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. Navient is the largest servicer of federal student loans and acts as a collector on behalf of the Department of Education.

Do student loans go away after 7 years?

Student loans don’t go away after 7 years. There is no program for loan forgiveness or loan cancellation after 7 years. However, if it’s been more than 7.5 years since you made a payment on your student loan debt and you default, the debt and the missed payments can be removed from your credit report.

Can I go to jail for not paying a student loan?

Can you go to jail for not paying student loans? Technically, you cannot go to jail for not paying your student loans, the Education Department assures borrowers. It is true that defaulting on student loan debt can lead to being arrested, but default alone is not a criminal offense.

How can I legally get rid of student loans?

7 Ways to Get Out of Paying Your Student Loans (Legally)

1. Public Service Loan Forgiveness.
2. Teacher Loan Forgiveness.
3. Perkins Loan cancellation.
4. Income-driven repayment plans.
5. Disability discharge.
6. Bankruptcy discharge.
7. Get an employer who will pay off your loans.

Is it hard to get a Sallie Mae loan?

It’s now harder to get a Sallie Mae loan if you come from a bad credit background, either due to your own credit or the credit of co-signers such as your parents. According to Sallie Mae, choosing the interest repayment option can save you around 20% of your loan cost compared to the deferred repayment option.

How can I get out of paying Sallie Mae?

Luckily, Sallie Mae offers deferments, meaning you can reduce or postpone your payments if you’re returning to college, going to graduate school or entering an internship or residency. You can receive a deferment for up to 48 months. When you defer your loans, interest continues to accrue on the balance.

Is Sallie Mae going out of business?

Sallie Mae recently announced that they will be splitting up into two companies: Sallie Mae and Navient. While Sallie Mae has still been servicing government issued student loans, it hasn’t been issuing the loans anymore. As a result, the fundamentals of it’s business has changed.

Is Sallie Mae trustworthy?

Is Sallie Mae legit? Sallie Mae is a highly recognized name in the private student loan industry. With multiple programs, including ones for part-time students, and its 95% approval rate for students who use a cosigner, many students should be able to find a solution that works for them through Sallie Mae.

What happens if you never pay your student loans?

Failing to pay your student loan within 90 days classifies the debt as delinquent, which means your credit rating will take a hit. After 270 days, the student loan is in default and may then be transferred to a collection agency to recover.

Does Sallie Mae offer personal loans?

Quick Review: Sallie Mae personal loans are only available to people who have received a pre-qualified offer code. It’s impossible to submit an application without one. Sallie Mae doesn’t disclose their minimum requirements, but they only send out offers to people they believe will be qualified.

What is the Sallie Mae address to mail a payment?

Include the remittance slip and 16-digit Loan Number with your payment to ensure it is properly applied to your loan.

Is Sally Mae federal loans?

Key Takeaways SLM Corporation (SLM), more commonly known as Sallie Mae, is a public corporation and a private-sector lender, so its direct loans are not federal loans. When it began in 1972, Sallie Mae was known as the Student Loan Marketing Association – and it was a federally chartered, government-sponsored enterprise.

What is the best private student loan?

There is no conclusive list of the best banks for private student loans, but the following providers are considered among the most reputable: College Ave. Sallie Mae. Discover Student Loans. Wells Fargo. Citizens Bank. SunTrust.