« NY Times Education Life: Saving for College and A Peek Behind the Curtain of the Financial Aid Office | Main | SLA Guide to Shopping for Private Student Loans in 2009 (Week of April 19th) »

April 20, 2009

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

P. chadha

what happened after the approval? what were they actually looking for? i just now had my cosigner sign the application and they said the same exact thing. how long did it actually take for them to give u their decision?

Kate

don't even bother with it. it's a waste. i have signed my life away to them. i received 12,750 USD, and not even 6 months later my balance is over 17,000 USD with a variable interest rate currently at 13%

John

Just STAY AWAY from Sallie Mae. It is a horrible company with terrible customer service. (I wonder how their employees still didn't get a nervous break down) This company will rip you off and take your money.

Kelly

I just applied for the smart option loan for grad school, have great credit and co-signed with my dad, who also has great credit.the interest rate quoted is between 9.75 AND ALMOST 14%!! Anyone else have this issue? I'm wondering if I filled out something wrong. When I did the calculator online, it was more like 8-9 percent for the high with no fees. Now, they say they are charging a 0-5% disbursement fee. When I called twice they said they do not charge this fee anymore, starting in June. I cannot imagine the interest rate could actually be that high. I may as well put this on my credit card.

The comments to this entry are closed.

Welcome!

SLA Private Student Loan Ratings

  • SLA :: Ratings
    Trusted source for independent, objective and timely information about private student loans

Paying For College Blog

  • Paying for College Blog
    Site for parents and students looking for independent and objective information about financing a college education

Want to receive daily SLA Blog updates via e-mail?

Enter your email address:

Delivered by FeedBurner

SLA Search Engine

Terms and Conditions