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Consolidating a sallie mae student loan

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Sallie Mae began as a federal entity designed to market loans to students across the United States.

Federal Direct Consolidation Loans help to combine multiple loans into one, eliminating separate payments and simplifying the process.

Federal Direct Consolidation Loans are available to all students holding Subsidized and/or Unsubsidized Stafford Loans, Direct PLUS Loans, Federal Supplemental Loans for students, Federal Perkins Loans, Federal Health Education Assistance Loans and Federal Nursing Loans.

Student loan consolidation can be a good debt management tool and Sallie Mae representatives can help you determine the best plan for your situation.

Figuring out how to pay for both college tuition and student loans is a problem plenty of undergraduates and graduates are struggling with, especially in this difficult economy, where less and less businesses are providing employment opportunities to recent graduates.However, this will increase the costs after this period of time for the remaining balance on the loan.ñ extended repayment plan: graduates and undergraduates with more than thirty thousand dollars in loans can extend the time period for repayment to twenty, twenty-five or even thirty years, depending on the amount of balance remaining on the private loans.College students will find that Sallie Mae can address all of their education related financial needs.Like all private lenders, Sallie Mae’s borrowing limits, interest rates and repayment plans are contingent on the borrower’s credit history.With the increase of the number of loans students are taking out to be able to afford the costs of living associated with living at college, there is an increased opportunity for students to consolidate their loans and make it easier for them financially by making only one payment per month to cover the balance of all the other loans they have taken out.