Can my Sallie Mae loans be forgiven?
Sallie Mae and other private student loans can’t be forgiven. In fact, there are actually no official student loan forgiveness programs for any private student loan company. Federal student loan borrowers can use the Public Service Loan Forgiveness (PSLF) or Teacher Loan Forgiveness programs to wipe away their debt.
What happened to Sallie Mae?
On April 30, 2014, Sallie Mae spun off its loan servicing operation and most of its loan portfolio into a separate, publicly traded entity called Navient Corporation. Navient is the largest servicer of federal student loans and acts as a collector on behalf of the Department of Education.
Can you go to jail for not paying Sallie Mae?
Technically, you cannot go to jail for not paying your student loans, the Education Department assures borrowers. If you oblige by standard procedures after failing to make student loan payments, getting arrested is not a possibility.
Is there a lawsuit against Sallie Mae?
A group of states sued Navient, formerly part of Sallie Mae, in 2017 and accused the federal loan servicer of “deceptive and abusive” practices. Navient on Thursday agreed to settle the suit, according to Pennsylvania Attorney General Josh Shapiro, who led the suit.
Is Navient owned by Sallie Mae?
Today, Navient and Sallie Mae are distinct, separate companies. But they were once under the same umbrella company. Once the act was passed, Sallie Mae could no longer service federal student loans. Sallie Mae launched Navient in 2014 in order to stay involved with federal loan servicing.
What happens if you don’t pay Sallie Mae loans?
Your account will remain delinquent until you pay the past due balance and any fees. If payment is 30 days late. If you don’t make your full monthly payment within 30 days of your due date, your loan servicer will charge you a late fee. The fee can be as high as 6% of your late payment amount.
What is the Sallie Mae accelerate SM credit card?
With the Sallie Mae Accelerate SM Card, earn a $200 cash back reward after you spend $1,000 in the first 3 months.1 Plus, redeem 2% cash back to help pay down ANY student loan, or 1.5% cash back for everything else.2
Is the Sallie Mae evolve credit card a registered trademark?
The Sallie Mae Evolve℠ credit card is issued by Sallie Mae Bank pursuant to a license by Mastercard International Incorporated. Mastercard and World Mastercard are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated.
Is the Sallie Mae ignite card a registered trademark?
The Sallie Mae Ignite, Sallie Mae Accelerate, and Sallie Mae Evolve credit cards are issued by Sallie Mae Bank pursuant to a license by Mastercard International Incorporated. Mastercard and World Mastercard are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated.
How do I get cell phone protection with Sallie Mae credit card?
Pay your monthly cell phone bill with your Sallie Mae credit card and get up to $600 per claim in cell phone protection. 12 You’re never responsible for unauthorized purchases on your credit card. 1. View pricing and terms for Sallie Mae Ignite . 2. View pricing and terms for Sallie Mae Accelerate. 3. View pricing and terms for Sallie Mae Evolve.