Honestly I'm in the same boat as you but more debt. Your interest rates are what going to kill you. Few years ago I consolidated all my sallie Mae and navient loans with Wells Fargo yes I have one loan with a large balance originally 120 k but with a interest rate of 5.75% my monthly payment is now 750 a month instead of 2 k a month..give it a shot. Due to the nature of the program I cannot take out any federal direct loans to help pay for any of the costs. I reached out to the financial aid office and they kept referring me to Sallie Mae for a private loan. Anytime I see Sallie Mae mentioned on Reddit it is always with a negative connotation and people advising to avoid them like the plague.

Of the 8, they only gave me a rate reduction on ONE of them. I'm now in my first year of grad school trying to pay off nearly $40000 from Sallie Mae before I graduate. -Federally held Federal Family Education Loan (FFEL) program loans. 7 Aug 2019 Read our Editorial Guidelines to learn more about our team. You could end up reducing your monthly payment amount or even postponing of your loan, such as your interest rate, if it determines that such a change would For example, Sallie Mae allows some borrowers facing financial difficulties to  19 Nov 2019 Yahoo Finance reported on a 2010 memo from an executive at Sallie Mae, Navient's I liked the program because it was an adult program.”. 21 Feb 2018 Federal loans may also offer a lower interest rate than private student Here's a brief explanation of each Sallie Mae student loan program:.

Honestly I'm in the same boat as you but more debt. Your interest rates are what going to kill you. Few years ago I consolidated all my sallie Mae and navient loans with Wells Fargo yes I have one loan with a large balance originally 120 k but with a interest rate of 5.75% my monthly payment is now 750 a month instead of 2 k a month..give it a shot.

Sallie Mae is the nation’s saving, planning, and paying for college company, offering private education loans, free college planning tools, and online banking. Due to the nature of the program I cannot take out any federal direct loans to help pay for any of the costs. I reached out to the financial aid office and they kept referring me to Sallie Mae for a private loan. Anytime I see Sallie Mae mentioned on Reddit it is always with a negative connotation and people advising to avoid them like the plague. Finding the Rate Reduction Program. I stumbled upon this approach while helping another borrower whose private loan was in a delinquent status. Sallie Mae was calling daily and this borrower, lets call him Fred, could not afford his payments. When I called Sallie Mae on behalf of Fred, I was transferred immediately to their collections department. I have 3 charged off Sallie Mae loans from about 4 years ago. around $22k total they report as charged off every month and i have not paid them. I recently started working and money is more steady and i was offered the interest rate reduction program to get back on track. I was told to pay $1000 dow

2 Mar 2020 Compare private student loan interest rates and requirements from Earnest, Sallie Mae and other major lenders, plus NerdWallet ratings.

Your main point is true (they don't have a specific rate reduction program that's available to everyone), but, skipping a single payment does not affect your credit   As the title states, Sallie Mae recently raised my interest rate to 10.75%, my loan amount is 28k. I'll probably refinance again in a year or so to get lower. level 2 Was able to show store manager who apologized and gave me refund!

19 Nov 2019 Yahoo Finance reported on a 2010 memo from an executive at Sallie Mae, Navient's I liked the program because it was an adult program.”.

Sallie Mae/Navient lowered my monthly paymentforever! (self.StudentLoans) submitted 4 years ago by crossbeats. I'm one of those people who racked up way too much student debt ($65k), with no idea how much that really is, how interest works, or how I would ever pay it off. Honestly I'm in the same boat as you but more debt. Your interest rates are what going to kill you. Few years ago I consolidated all my sallie Mae and navient loans with Wells Fargo yes I have one loan with a large balance originally 120 k but with a interest rate of 5.75% my monthly payment is now 750 a month instead of 2 k a month..give it a shot. Due to the nature of the program I cannot take out any federal direct loans to help pay for any of the costs. I reached out to the financial aid office and they kept referring me to Sallie Mae for a private loan. Anytime I see Sallie Mae mentioned on Reddit it is always with a negative connotation and people advising to avoid them like the plague. If it meets the program's criteria, you will be offered a rate reduction plan that can lower your interest rate or extend your loan period, either of which will lower your monthly payment. By enrolling in auto debit, you can help ensure payments are made on time each month. You may also qualify for a 0.25 percentage point interest rate reduction on your eligible loan(s). 1 You need to be current with your loan payments to enroll. Sallie Mae ® Private Student Loan Pricing . Information advertised valid as of 2/27/2020. Undergraduate Lowest rates shown include the auto debit discount. Smart Option Student Loan ® for Undergraduate Students 2. Term: 5-15 years of principal and interest payments . Variable rates: 2.75% – 10.65% APR. Fixed rates: 4.74% – 11.85% APR. 3 Repayment Options:

2 Mar 2020 Compare private student loan interest rates and requirements from Earnest, Sallie Mae and other major lenders, plus NerdWallet ratings.

Due to the nature of the program I cannot take out any federal direct loans to help pay for any of the costs. I reached out to the financial aid office and they kept referring me to Sallie Mae for a private loan. Anytime I see Sallie Mae mentioned on Reddit it is always with a negative connotation and people advising to avoid them like the plague.

I was recently enrolled in Sallie Mae's rate reduction program (dropping my interest rates from 8-9% down to 3%). I wanted to know if anyone had any experience in this program and discuss both how it works and their experience with the program like if there's any pitfalls I should look out for or if there's an opportunity for reduction beyond the first year. tl;dr: Navient does offer payment reduction plans for private loans. The best, that I'm aware of, is the Rate Reduction Program; 1-year, renewable, lowered payments, lowered interest rate. Note: Re-reading this I realize I probably sound like I'm some kind of insider trying to make Sallie Mae/Navient sound better. Sallie Mae/Navient lowered my monthly paymentforever! (self.StudentLoans) submitted 4 years ago by crossbeats. I'm one of those people who racked up way too much student debt ($65k), with no idea how much that really is, how interest works, or how I would ever pay it off. Honestly I'm in the same boat as you but more debt. Your interest rates are what going to kill you. Few years ago I consolidated all my sallie Mae and navient loans with Wells Fargo yes I have one loan with a large balance originally 120 k but with a interest rate of 5.75% my monthly payment is now 750 a month instead of 2 k a month..give it a shot. Due to the nature of the program I cannot take out any federal direct loans to help pay for any of the costs. I reached out to the financial aid office and they kept referring me to Sallie Mae for a private loan. Anytime I see Sallie Mae mentioned on Reddit it is always with a negative connotation and people advising to avoid them like the plague.