Consolidating a sallie mae student loan
To qualify, borrowers must first make three consecutive on-time monthly payments at the reduced rate.
According to Sallie Mae, “Most participants successfully complete the program and return to current payments.” Sallie Mae also claims that it will extend the reduction period for some borrowers, based on employment status and other financial indicators.
Sallie Mae offers a six-month grace period after graduation.
During this time, a borrower is excused from making payments toward his/her loans.
Under the GRP, the borrower only has to pay accrued interest for the first 12 months of repayment. Just google student loan refinancing companies and see what’s available in your area.There are a lot of them but the biggest ones are usually citizens bank, sofi, Discover, laurel road.Thankfully, there are some options available for your private student loans.First, we will cover options that lenders offer, and then we will highlight some other resources.