Message Font: Serif | Sans-Serif
No. of Recommendations: 0
My loans are also handled by Sallie Mae. By agreeing to have your monthly payments directly deducted from your checking account, you may qualify for a reduction of interest. I think its .25% per year for a max of 2%, but call Sallie Mae to be sure. My original rate was 9% and is now at 7.75%. I looked into reducing the rate with another consolidator, but this was the best option when I looked into it.

I found info on this at:

for the smart loan consolidation account. 1% discount for 36 months of on time payments, .25% for electronic.
Print the post  


Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.