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Sallie Mae started off under the federal government and provided loans through the Federal Family Education Loan Program, or FFELP. In 2004, Sallie Mae privatized and began issuing private...
Learn about federal student loans, what their current interest rates are, differences between a federal and private student loan, and how to get a federal loan. Compare federal and private student loans
Find out how federal and private student loans differ in terms of eligibility requirements, interest rates, and repayment plans for college expenses.
A private loan with a lender like Sallie Mae covers up to 100 percent of your education costs, while federal loans come with borrowing caps that might not cover all your expenses.
Sallie Mae is a student loan company that switched from federal to private student loans in 2014. Find your Sallie Mae loan info online or on your credit report.
We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.
Sallie Mae is one of the largest private student loan lenders nationwide. The company offers several unique benefits, including free tutoring for undergraduate borrowers.