Student Loan | Sallie Mae Offers Tips On Successful Student Loan Payment
December 7, 2011 – 11:28 am
With the due date on the first student loan payment for new college graduates arriving, communication, planning and perseverance are key to success, says Sallie Mae, the nation’s No. 1 financial services company specializing in education.
“The skills that helped you earn your degree are the same skills that will help you successfully pay for your investment,” says Ashley W., who leads a team of repayment counselors at Sallie Mae and is successfully paying her own Student Loans after graduating from goldey-Beacom College in Delaware. “Keep in touch with your loan servicer, budget carefully, stick to your plan and ask for help if you need it.”
The good news is that the overwhelming majority of student loan customers successfully pay their loans-thanks to the value of their college degree especially in an economy like this one. According to the latest statistics, young people with a college degree are about two-and-a-half times less likely to be unemployed than those who did not go to college.
Joanne M. from Illinois is one customer who persevered to receive her degree and to pay off her loan. “Not only did I obtain my graduate degree which was a major goal; I also repaid my loans, another major goal,” she said. “In doing both I’ve furthered my career. I recently started and sold a business, and just signed my first million dollar contract for my current employer.”
Sallie Mae offers customers these tips for successfully paying student loans:
Sallie Mae (NYSE: SLM) is the nation’s No. 1 financial services company specializing in education. Serving 25 million customers, Sallie Mae offers innovative savings tools, tuition payment plans and education loans that promote responsible financial habits and reward success. Through its subsidiaries, the company manages or services $238 billion in education loans and administers $35 billion in 529 college savings plans. Members of its Upromise college savings rewards program have earned $625 million to help pay for college. Sallie Mae is also one of the leading financial service providers for universities and governments at all levels, including supporting $8 billion in ecommerce transactions annually at nearly 1,000 campuses. More information is available at www.SallieMae.com. SLM Corporation and its subsidiaries, commonly known as Sallie Mae, are not sponsored by or agencies of the United States of America.
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Tags: Student loan
