Sallie Mae Student Loans Reviews

Overall

3.00 of 5 (by 6 users)

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Sallie Mae Student Loans Review Summary

One of the best- known loan makers for students, Sallie Mae Student Loans is a name commonly associated with easy student credit and this is one of the qualities that most reviewers like about Sallie Mae. The ease of applying for a loan and the ability to get your interest rate lowered are other reasons to use Sallie Mae Student Loans and one satisfied reviewer simply says these are “Convenient Student Loans”. On the other hand, there are those who feel Sallie Mae makes life a little too easy, like one reviewer who says “I Will Never be Out of Debt With Them”. Because the company constantly lowers your payments and stretches them out over long periods of time, it is possible to reach the point where it will take decades to eliminate this debt. Low interest rates and low payments are nice, but reviewers are divided overall, making Sallie Mae Student Loans a Miscellaneous Financial Service that may not be the best product for every student.

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Sallie Mae Student Loans Comparison

Most Helpful
Favorable Review

Completely satisfied with my SallieMae experience

AUG

2009

I have been with SallieMae for longer than I care to admit. I probably should have paid my loans off a while ago, but that is MY fault and not the loan servicing company's. I originally took out my student loans at a local bank, and they were bought by SallieMae. I have not been bounced around and had...

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in debt

pitcherday
Des Moines, IA

Most Helpful
Critical Review

Sallie Mae: Easy Loan Approval, but Questionable in Other Areas

AUG

2009

One thing about college is true more than any other: College costs a good deal of money and the majority of students are constantly in need of extra cash. More often than not, loans are part of the financial aid equation and among all the loan providers, one service stands out in the crowd. That...

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Bryan-Carey
Houston, TX

Sallie Mae Student Loans Ratings and Reviews

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helpful
votes

I will never be out of debt with them

I believe in honesty, on a strict budget

FEB

2008

Sallie Mae makes it very easy for you to lower your payments on your student loan. Unfortunately it means you will owe them forever. Of course by lower payment I mean youpay the interest only but non of the actuall amount owed. My student loan is higher today 15 years after graduation than it was when I graduated.

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kathos
Madison, WI

Doesn't work with you to pay off your loans

a woman, not rich, on a strict budget, an aggressive saver, budget conscious

SEP

2009

I have all of my student loans through Sallie Mae. Although I feel that their service is acceptable, I have several thoughts about it. First of all, their website is exceedingly difficult to navigate. Headers are misleading and it is often difficult to get back to where you want to go. I do, however, enjoy that once I can find them, my loans are divided very visually and I can see exactly how much of my payments have been attributed to each. Secondly, I have had HUGE issues paying off extra on my loans. As an aggressive saver, I have calcuated how much I will save by paying my loans off significantly...

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berninini
Evansville, IN

Convient student loans

in debt, saving a little

JAN

2009

SallieMae makes it really easy to apply and receive a student loan. Even someone who has bad or no past credit history can be accepted with a co-signer. My co-signer had excellent credit, but my interest rate was still pretty high for the prime being so low right now. Where they lack in interest rates, they make up in customer service. I've called them several times and each time I called, I speak with a clear talking, polite person who seems to be there to help me out and not just try to cheat me out of money. At the end of each conversation they give you the option to take a survey about how... read full review »

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gstall32
Saline, MI

Scam!!!!! You will never be out of debt!!!!!!!!1

FEB

2008

Got a loan with them in 2003.. I now owe 4000 more then when I started and have been paying 190 a month since late 2003. My payments started at 100 then kept going UP.... And yet my balance NEVER goes down... I hate them and wish I could get rid of the loan.....

NEVER get money from them.................