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  2. Are Sallie Mae student loans federal or private? - AOL

    www.aol.com/finance/sallie-mae-student-loans...

    Here’s what to know if you have a Sallie Mae loan or are considering taking one out. ... with an interest rate of 5.50%. Parent PLUS loans are available at an interest rate of 8.05%. Alternative ...

  3. Federal Family Education Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Family_Education...

    For PLUS loans made before July 1, a variable rate applies (with a 9.00% cap). The House passed a resolution in May 2013 to tie student loan rates to free market loan rates. Every year, student loan interest rates will adjust to fit the market. subsidized and unsubsidized rates will cap at 8.5%. [4]

  4. How Sallie Mae Student Loans Can Help Parents Pay for College

    www.aol.com/sallie-mae-student-loans-help...

    The Sallie Mae Parent Loan provides the option for anyone — parents, grandparents or even friends — to borrow on a student’s behalf. How Sallie Mae Student Loans Can Help Parents Pay for College

  5. Will Student Loan Forgiveness Include Parent Plus Loans? - AOL

    www.aol.com/finance/student-loan-forgiveness...

    For the 2021-2022 school year, the Parent Plus loan has a 6.28% interest rate plus an origination fee of 4.228%,” according to the website. Discover: Do’s and Don’ts of Dollar Store Shopping ...

  6. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    PLUS loans are federal education loans made to parents. [79] These have much higher loan limits, usually enough to cover costs that exceed student financial aid. Payments start immediately after education ends, although prepayment is allowed. Credit history is considered; thus, approval is not automatic.

  7. Sallie Mae - Wikipedia

    en.wikipedia.org/wiki/Sallie_Mae

    SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking.Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans.

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