Apr 14, 2008 4:58 PM GMT
so since im about due to graduate in less that 3 weeks now i decided that i would do my research on student loan consolidation. Since Sallie Mae is one of the nations leading institutions on student loan consolidation, i thought it logical to start there. To my surprise when i clicked on the post graduation link it read,
"Federal student loan consolidation:
Thank you for your interest in Sallie Mae, the nation’s leading provider of saving- and paying-for-college programs. Severe legislative cuts made by Congress made federal student loan consolidation uneconomical. This, combined with the credit market deterioration, has caused us to suspend participation in the federal consolidation loan program.
Sallie Mae is committed to the federal student loan program and offers a variety of federal student loans and repayment options. If you would like to learn more about the various repayment options that can help you manage your monthly payment amount, please call a repayment specialist at (866) 457-6918.
Sallie Mae’s mission is to expand access to college and to ensure no student is denied the opportunity to pursue their dreams. This decision allows us to direct our resources on maximizing college access for more students and parents.
Sallie Mae reserves the right to modify or discontinue loan programs at any time without notice."
http://www.salliemae.com/after_graduation/manage_your_loans/consolidate_student_loans/federal/student_loan_consolidation
At first i thought it was a cruel joke, but this morning while performing my sacrifice to the coffee goods, CNN confirmed this devastating news. what are we recent graduates to do....are there any financial wizes on here to offer suggestion?
"Federal student loan consolidation:
Thank you for your interest in Sallie Mae, the nation’s leading provider of saving- and paying-for-college programs. Severe legislative cuts made by Congress made federal student loan consolidation uneconomical. This, combined with the credit market deterioration, has caused us to suspend participation in the federal consolidation loan program.
Sallie Mae is committed to the federal student loan program and offers a variety of federal student loans and repayment options. If you would like to learn more about the various repayment options that can help you manage your monthly payment amount, please call a repayment specialist at (866) 457-6918.
Sallie Mae’s mission is to expand access to college and to ensure no student is denied the opportunity to pursue their dreams. This decision allows us to direct our resources on maximizing college access for more students and parents.
Sallie Mae reserves the right to modify or discontinue loan programs at any time without notice."
http://www.salliemae.com/after_graduation/manage_your_loans/consolidate_student_loans/federal/student_loan_consolidation
At first i thought it was a cruel joke, but this morning while performing my sacrifice to the coffee goods, CNN confirmed this devastating news. what are we recent graduates to do....are there any financial wizes on here to offer suggestion?
