{"id":23459,"date":"2023-05-04T16:09:43","date_gmt":"2023-05-04T15:09:43","guid":{"rendered":"https:\/\/nkyeremunews.com\/?p=23459"},"modified":"2023-05-04T16:09:43","modified_gmt":"2023-05-04T15:09:43","slug":"sallie-mea-student-loan-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/nkyeremunews.com\/index.php\/2023\/05\/04\/sallie-mea-student-loan-what-you-need-to-know\/","title":{"rendered":"Sallie Mea Student Loan: What You Need To Know"},"content":{"rendered":"<div class=\"root container responsivegrid\">\n<div id=\"container-7ff94dc396\" class=\"cmp-container\"><main class=\"container responsivegrid\"><\/p>\n<div id=\"container-114661cdd8\" class=\"cmp-container\">\n<div class=\"aem-Grid aem-Grid--12 aem-Grid--default--12 \">\n<div class=\"container responsivegrid aem-GridColumn aem-GridColumn--default--12\">\n<div id=\"container-005b2ef769\" class=\"cmp-container\">\n<div class=\"column-control\">\n<div>\n<div class=\"container-fluid slm-column-control column-count-1 cols \">\n<div class=\"container\">\n<div class=\"row \n                          padding-top-standard\n                          padding-bottom-half\n\n                          \"><\/p>\n<div class=\"colctrl-column col-md-12           \">\n<div class=\"ccMaxWidth  \">\n<div class=\"text\">\n<div class=\"cmp-text   \">\n<ul>\n<li><span class=\"bullet-black\">Your address; if you&#8217;ve lived at your address less than one year, you&#8217;ll need to provide your previous address<\/span><\/li>\n<li><span class=\"bullet-black\">Your Social Security number<\/span><\/li>\n<li><span class=\"bullet-black\">School information including enrollment status, degree, and course of study<\/span><\/li>\n<li><span class=\"bullet-black\">Academic period of enrollment and year in school<\/span><\/li>\n<li><span class=\"bullet-black\">Requested loan amount. You can cover a full year of school-certified expenses including tuition, fees, books, housing, meals, travel, as well as personal school expenses like a laptop<sup><span class=\"sr-only\">footnote<\/span>1<\/sup>.\u00a0<a href=\"https:\/\/www.salliemae.com\/student-loans\/get-ready-to-borrow\/decide-how-much-to-borrow\/\" target=\"_self\" rel=\"noopener\">(Decide how much to borrow)<\/a><\/span><\/li>\n<li><span class=\"bullet-black\">Financial aid and\u00a0<a href=\"https:\/\/www.salliemae.com\/college-planning\/college-scholarships\/\">scholarships<\/a>\u00a0you expect to receive<\/span><\/li>\n<li><span class=\"bullet-black\">Your employment information (company name and gross income)<\/span><\/li>\n<li><span class=\"bullet-black\">Financial information, including your bank accounts, and your monthly mortgage or rent payments<\/span><\/li>\n<li><span class=\"bullet-black\">Two personal contacts (other than your cosigner)<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"text\">\n<div class=\"cmp-text   \">\n<h2>Then we\u2019ll review a few things with you<\/h2>\n<ul>\n<li><span class=\"bullet-black\">How and when we collect, share, and protect your personal information<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"text\">\n<div class=\"cmp-text   \">\n<h2>After you submit your application<\/h2>\n<ul>\n<li><span class=\"bullet-black\">We\u2019ll review your credit. We usually provide a credit result when you and your cosigner (if applicable) submit your student loan application. But there might be cases where our credit specialists will ask you for additional information or documentation before they can make a decision.<\/span><\/li>\n<li><span class=\"bullet-black\">If we approve your application, you\u2019ll choose your type of interest rate and your repayment option.<\/span><\/li>\n<li><span class=\"bullet-black\">Then you or your cosigner will accept the terms of your loan and sign it electronically.<\/span><\/li>\n<li><span class=\"bullet-black\">Next, we&#8217;ll ask your school to certify your eligibility, including enrollment verification and loan amount.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"separator\">\n<div id=\"separator-b81126fb6c\" class=\"cmp-separator\">\n<hr class=\"cmp-separator__horizontal-rule\" \/>\n<\/div>\n<\/div>\n<div class=\"column-control\">\n<div>\n<div class=\"container-fluid slm-column-control column-count-1 cols \">\n<div class=\"container\">\n<div class=\"row \n                          padding-top-\n                          padding-bottom-\n\n                          \"><\/p>\n<div class=\"colctrl-column col-md-12           \">\n<div class=\"ccMaxWidth  \">\n<div class=\"text\">\n<div class=\"cmp-text   \">\n<h2>Related topics<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"column-control\">\n<div>\n<div class=\"container-fluid slm-column-control column-count-3  \">\n<div class=\"container\">\n<div class=\"row \n                          padding-top-\n                          padding-bottom-\n\n                          \"><\/p>\n<div class=\"colctrl-column col-md-4           \">\n<div class=\"ccMaxWidth  \">\n<div class=\"experiencefragment\">\n<div id=\"experiencefragment-97f092dd82\" class=\"cmp-experiencefragment cmp-experiencefragment--related-topics\">\n<div id=\"container-490eb968a4\" class=\"cmp-container\">\n<div class=\"aem-Grid aem-Grid--12 aem-Grid--default--12 \">\n<div class=\"text aem-GridColumn aem-GridColumn--default--12\">\n<div class=\"cmp-text   \">\n<h5><a href=\"https:\/\/www.salliemae.com\/student-loans\/private-student-loans\/\" target=\"_self\" rel=\"noopener\">Learn more about your private student loan options<\/a><\/h5>\n<p>Whether you\u2019re an undergraduate, graduate, business, dental, medical, or health professions student, you can find a student loan designed to meet your needs.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"colctrl-column col-md-4           \">\n<div class=\"ccMaxWidth  \">\n<div class=\"experiencefragment\">\n<div id=\"experiencefragment-85eb86e389\" class=\"cmp-experiencefragment cmp-experiencefragment--related-topics\">\n<div id=\"container-b41a7eb6e9\" class=\"cmp-container\">\n<div class=\"aem-Grid aem-Grid--12 aem-Grid--default--12 \">\n<div class=\"text aem-GridColumn aem-GridColumn--default--12\">\n<div class=\"cmp-text   \">\n<h5><a href=\"https:\/\/www.salliemae.com\/student-loans\/get-ready-to-borrow\/consider-a-cosigner\/\" target=\"_self\" rel=\"noopener\">Consider a cosigner<\/a><\/h5>\n<p>Students are 3X more likely to be approved when applying with a cosigner.<sup><span class=\"sr-only\">footnote<\/span>2<\/sup>\u00a0It may also help you get a better rate.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"colctrl-column col-md-4           \">\n<div class=\"ccMaxWidth  \">\n<div class=\"experiencefragment\">\n<div id=\"experiencefragment-671e30b3a8\" class=\"cmp-experiencefragment cmp-experiencefragment--related-topics\">\n<div id=\"container-bd2584b6c8\" class=\"cmp-container\">\n<div class=\"aem-Grid aem-Grid--12 aem-Grid--default--12 \">\n<div class=\"text aem-GridColumn aem-GridColumn--default--12\">\n<div class=\"cmp-text   \">\n<h5><a href=\"https:\/\/www.salliemae.com\/student-loans\/get-ready-to-borrow\/after-your-student-loan-is-approved\/\" target=\"_self\" rel=\"noopener\">What happens after your Smart Option Student Loan\u00ae is approved<\/a><\/h5>\n<p>Understand how student loan disbursements work. Learn how the disbursement of funds take place between your school and loan provider, and when student loans are disbursed.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"separator\">\n<div id=\"separator-9a4d1e1f90\" class=\"cmp-separator\">\n<hr class=\"cmp-separator__horizontal-rule\" \/>\n<\/div>\n<\/div>\n<div class=\"disclosures\">\n<div class=\"container-fluid disclosure component small\">\n<div id=\"disclosures-hidden\" class=\"_hidden\">\n<p><span class=\"sr-only\">footnote<\/span>1. For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website may be subjected to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time.<\/p>\n<p><span class=\"sr-only\">footnote<\/span>2. Based on the percentage of borrowers who were approved for an undergraduate loan with a cosigner compared to the percentage of borrowers who were approved for an undergraduate loan without a cosigner from\u00a0 October 1, 2021 through September 30, 2022.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/main><\/div>\n<\/div>\n<div>\n<div class=\"xfpage page basicpage\">\n<div id=\"container-d33521be02\" class=\"cmp-container\">\n<div class=\"aem-Grid aem-Grid--12 aem-Grid--default--12 \">\n<div class=\"footer aem-GridColumn aem-GridColumn--default--12\">\n<footer class=\"footer experiencefragment\">\n<div class=\"cmp-experiencefragment\">\n<div class=\"breadcrumb container-fluid background-color-grey-50\">\n<div class=\"row\">\n<nav class=\"cmp-breadcrumb caption-text\" aria-label=\"Breadcrumb\">\n<ol class=\"cmp-breadcrumb__list\">\n<li class=\"cmp-breadcrumb__item\"><a 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