Sallie Mae Lowers Rate on Private Loans

Sallie Mae announced March 6 that it’s lowering the top interest rate on its fixed rate student loans for graduate students. The lowest rate on its Smart Option Student Loan will remain at 5.75%, but the top rate drops on April 1 from 12.875% to 8.875%, which is just slightly higher than the 7.9% rate on federal Direct PLUS loans for graduate students.Read more at http://www.kiplinger.com/article/college/T042-C011-S001-sallie-mae-lowers-rates-on-graduate-student-loans.html#KYFrLf9B2yRmLkgb.99

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About defaultprevention

Default Prevention Specialist since 1998.
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