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In 1972, Congress first created the Student Loan Marketing Association (SLMA) as a private, for-profit corporation. But it has taken a few forms over the years. So currently, Sallie Mae is a company that offers only private student loans. You won't find Sallie Mae on any federal student loan servicer list and it only services private student l

Sallie Mae student loans arent likely to evaporate into thin air. Thats because Sallie Mae is a private lender now. So currently there is no such thing as private student loan forgiveness. Forgiveness is limited to federal education loans, and even then, the options are few. There are federal student loan forgiveness programs for those who go into

Sallie Mae is one of the most popular private student loan lenders, and it also offers private student loans without a cosigner. But its very important to have a good credit score to be approved.

Sallie Mae is a highly recognized name in the private student loan industry. With multiple programs, including ones for part-time students, and its 95% approval rate for students who use a cosigner, many students should be able to find a solution that works for them through Sallie Mae.

If you successfully secure a Sallie Mae student loan with no cosigner, expect a high monthly payment and a relatively higher interest rate. Applying for a Sallie Mae student loan with no cosigner can come with a price, but for many its worth it. Sparing your family the pressure of student loan payments is something many borrowers are looking for

Financial minimum credit score required is mid-600's. Minimum income required is No income minimum. Typical credit score of approved borrowers or co-signers is 749.