In terms of growing interest it depends on how you plan to pay it, if you make a contract where you don’t pay much a month and end up not making many payments until you graduate then you kinda get screwed for example if you had 4 years at 10,000 a year(obviously just arbitrary #) you would take out a loan of $40,000, well if you had average credit score of around 640-700 ish and decided to say pay off your loan in let’s say 8 years then you would pay about 16,256.78 in total interest at almost $600 a month. Where as if you say take out a loan 1 year at a time $10,000 loan, let’s say 8 years of payment just to keep things consistent you’d pay $4,567 in interest at $151.74 a month. Basically long story short student loans are something you need to decide based off your job field you will have during college if you work and after, if you will make decent enough money to pay monthly payments during college your best bet is to go all at once, if you won’t work during college or won’t make decent enough money your best bet is to go with smaller 1 year loans. Honestly I would really seek a financial adviser though because I’m just a 19 year old student who is just really into math.
Interest is by percent, so the larger amount the loan is, the more interest you’ll pay on it. I found that I’m paying less interest on my smaller loans. HOWEVER! Sallie Mae will not let you consolidate all of those little loans to make one payment, so you end up with a ton of individual payments that all add up to being completely unaffordable. That’s the situation I’m in now. I have 6 loans with them, so my monthly payment total is over $1200 a month! I’m dying.
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
f no to sallie mae just choose any other one. the amount of scam stories ive heard from people saying they increased their rates and stuff without letting them know are just awful. my parents hated them too when they were in college and always say no!
If applying for student loans. Should I take out enough to pay the semester or enough to cover my bill for the 4years?
I have the same question!!!
In terms of growing interest it depends on how you plan to pay it, if you make a contract where you don’t pay much a month and end up not making many payments until you graduate then you kinda get screwed for example if you had 4 years at 10,000 a year(obviously just arbitrary #) you would take out a loan of $40,000, well if you had average credit score of around 640-700 ish and decided to say pay off your loan in let’s say 8 years then you would pay about 16,256.78 in total interest at almost $600 a month. Where as if you say take out a loan 1 year at a time $10,000 loan, let’s say 8 years of payment just to keep things consistent you’d pay $4,567 in interest at $151.74 a month. Basically long story short student loans are something you need to decide based off your job field you will have during college if you work and after, if you will make decent enough money to pay monthly payments during college your best bet is to go all at once, if you won’t work during college or won’t make decent enough money your best bet is to go with smaller 1 year loans.
Honestly I would really seek a financial adviser though because I’m just a 19 year old student who is just really into math.
Interest is by percent, so the larger amount the loan is, the more interest you’ll pay on it. I found that I’m paying less interest on my smaller loans. HOWEVER! Sallie Mae will not let you consolidate all of those little loans to make one payment, so you end up with a ton of individual payments that all add up to being completely unaffordable. That’s the situation I’m in now. I have 6 loans with them, so my monthly payment total is over $1200 a month! I’m dying.
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
Sallie Mae is ruining my life. Do whatever you can to stay away from them!!!
Please me more
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
Thank you so much for the information 👍🏾😊
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
Hello, can you help me with cosigner. I got admitted to university of New Haven for my msc program in civil engineering
Are the interest rate per annum or monthly ?
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
Thank you 🙏
Keep it up
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
Thank you!
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
So can you refinance sallie mae with another provider?
To my knowledge I think it depends on the other provider, but sallie mae themselves do not refinance.. hope that helps
Do not listen to this man in the video. He knows not what he is speaking of. Sallie Mae sucks ass and you will be in debt for the next 15-20 years if you go with them. Avoid this predatory company at ALL costs.
f no to sallie mae just choose any other one. the amount of scam stories ive heard from people saying they increased their rates and stuff without letting them know are just awful. my parents hated them too when they were in college and always say no!
This is Ebrahima gingally need your help , I want you to be my co cosigner for Sallie Mae