Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 312

Looking to Cover Remaining College Costs?

Posted by fidest press agency su sabato, 25 agosto 2018

With the end of summer in sight, college-bound students and their families are making final arrangements for the fall semester, including financing tuition, room and board, and related college expenses. While scholarships and grants are a top source used to pay for college and federal student loans can help foot the bill, many families are still left with a financing gap. Sallie Mae, the nation’s saving, planning, and paying for college company, offers competitive, flexible, private student loans to help cover remaining expenses.Available to undergraduate students attending degree-granting institutions, Sallie Mae’s Smart Option Student Loan offers fixed rates ranging from 5.74 to 11.85 percent annual percentage yield (APR). Variable rates for undergraduates start from 4.12 to 10.98 percent APR. Sallie Mae’s private student loans have no origination fees or prepayment penalties.
Sallie Mae private student loan customers can choose to make monthly interest-only or fixed payments while in school or defer payments until after school. Customers can reduce their interest rate by 1.25 percentage points when they enroll in the automatic debit option and choose the in-school interest repayment option instead of the deferred repayment option, or they can reduce their interest rate by .75 percentage points when they enroll in the automatic debit option and choose the fixed repayment option instead of the deferred repayment option.
A freshman customer who makes interest-only payments on a Smart Option Student Loan while in school could save an average of 27 percent on total undergraduate loan costs, compared to our deferred payment option. A freshman customer who makes monthly fixed payments while in school could save an average of 13 percent on total undergraduate loan costs, compared to the deferred payment option. More than half of Sallie Mae customers choose to make payments while in school.
For more information, or to apply visit SallieMae.com.

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