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No. of Recommendations: 0
no no same issue here!

Sallie will not give you a lower rate than Direct Loans in the beginning of the loan. Their deal is a lower rate after four years with no missed/late payments! With Direct, the lower rate kicks in after 12 timely payments. Also, with Direct Loans, you can go out as long a term as regulations let you---you still get the low rate. (I think Sallie's "Great Rewards" is maximum 10 or 12 years.

Everybody's different, but I say, get the lowest rate you can, and hold on to the debt for as long as they will let you. Use the money you don't have to pay to them, and put it somewhere where it will hopefully make a lot of money for YOU. Years later, if you don't like the situation, you should have a pile of money saved that you can write a check to the loan holder and pay off.
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