Consolidating a sallie mae loan

08-Oct-2020 11:10

In addition, it mentions its forbearance program, which can be used in three-month intervals for up to twelve months.This is certainly helpful for those who need it, although interest does accrue during the forbearance period and a collateral payment is required.I have approximately 30,000 bucks in debt between sallie mae and navient. I want to know if consolidating and/or refinancing will help to decrease this payment.

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Note about the updates: Since we first wrote this post, more information about the top private lenders and their repayment programs has become publicly available.

For instance, all our post originally said about Discover was that “Discover encourages struggling borrowers to call its ‘Repayment Assistance Department.'” We were vague because, well, Discover was vague too.Most importantly, we’ve also added new guidelines presented by the Consumer Financial Protection Bureau.