Sallie Mae Offers Tips for Last-Minute Paying for College Success
August 8, 2011 by admin
Filed under Choosing Lingerie
NEWARK, Del., Aug 08, 2011 (BUSINESS WIRE) –
Freshman orientation is just around the corner, students are confirming
class schedules and families are finalizing college finances. If summer
end finds you with a financial gap, Sallie Mae offers interest-free
tuition payment plans, responsible private education loans and other
financial lifesavers for your educational plans–and your wallet.
“Sallie Mae recognizes the juggling act many families perform to make
the investment in a college education for their children, to save
simultaneously for retirement and to meet other financial goals,” said
Charlie Rocha, senior vice president, Sallie Mae. “The good news is that
there are a variety of resources and options available for families
facing financial deadlines for college over the coming days.”
Sallie Mae, the nation’s No. 1 financial service company specializing in
education, recommends families explore these last-minute tips if you
need funds after tapping scholarships, grants and federal student loans:
–
Use an interest-free tuition payment plan to make paying for
college more manageable. Available at hundreds of college
campuses, Sallie Mae administers interest-free tuition payment plans
that let families spread tuition payments over a number of months
instead of making a large lump-sum payment at the beginning of the
semester. You can choose to pay all or a portion of your expected
family contribution through a tuition payment plan. Visit
www.SallieMae.com/tuitionpay
for more information.
–
Consider a responsible private loan with options that help you save
money. Sallie
Mae’s Smart Option Student Loan helps you fill the gap with
interest rates among the lowest in the country, the most options and
flexibility while in school to help you save money in the long run,
and the most student-friendly consumer protections. With Sallie Mae,
students can choose from three flexible payment plans, including plans
with in-school payments designed to help you pay less interest over
the life of the loan.
–
Safeguard your tuition investment. Sallie Mae offers a new
tuition insurance program to help you protect your family’s investment
in college, in partnership with Next Generation Insurance Group.
Available to any student attending any accredited school, the service
reimburses 100 percent of the lost cost of attendance up to the
selected policy limit when an illness, injury or mental health
condition causes a student to leave school. In addition, Sallie Mae
also offers at no cost to the student a tuition insurance benefit that
provides up to $5,000 of annual coverage for withdrawals due to
covered medical and mental health conditions on loans that first
disburse between July 1 and Oct. 31, 2011.
–
Earn extra money for college with Upromise by Sallie Mae.
Upromise members can earn cash back for college every time they make
an eligible purchase from hundreds of participating retailers or use
their Upromise credit card. Upromise members have earned $625 million
in member rewards since 2001. Rewards accumulate in a member’s
Upromise account and can be used to pay
down eligible student loans faster, deposit in an eligible 529
college savings plan, or transfer to a Sallie Mae high-yield
savings account, or you can request a check. Visit
www.Upromise.com
for more information.
–
Textbook ways to save money. Students can save hundreds of
dollars a year on textbooks by buying used books or renting books
online. In fact, Upromise members can earn 3 to 4 percent back in
rewards through participating retailers such as Chegg.com and
Textbooks.com and an extra reward from Barnes Noble.com of 6 percent
from Aug. 11 to 31. Tech savvy students can lighten their backpacks
with ereaders from Barnes Noble.com and ebooks at Textbooks.com. To
find these extra college savings, start shopping on Upromise.com.
Sallie Mae reminds families that there is no one way to pay for college
and the formula doesn’t have to be the same each year. In most families,
the investment in college is a responsibility shared by both parents and
students who tap their own savings and income, scholarships and grants,
assistance from friends and family, and student loans.
Before the days of summer come to an end, Sallie Mae invites incoming
college students to enter the Smart Summer Sweepstakes for a chance to
win $10,000 for college, gift cards and concert tickets. Visit Sallie
Mae’s Facebook page at Facebook.com/SallieMae
to enter the contest or to post your last-minute paying for college tip
or questions.
Note: To view the Official Rules and to enter the Sallie Mae Smart
Summer Sweepstakes, visit
www.facebook.com/SallieMae .
No purchase necessary. Void where prohibited by law.
Sallie Mae
/quotes/zigman/300331/quotes/nls/slm SLM
-10.96%
is the nation’s No. 1 saving, planning and
paying for college company. Serving 23 million customers, Sallie Mae
offers innovative savings tools, tuition payment plans and education
loans that promote responsible financial habits and reward success.
Through its subsidiaries, the company manages or services $234 billion
in education loans and administers $38 billion in 529 college savings
plans. Members of its Upromise college savings rewards program have
earned $625 million to help pay for college. Sallie Mae is also one of
the leading financial service providers for universities and governments
at all levels, including supporting $8 billion in ecommerce transactions
annually at nearly 1,000 campuses. More information is available at
www.SallieMae.com .
SLM Corporation and its subsidiaries, commonly known as Sallie Mae, are
not sponsored by or agencies of the United States of America.
SOURCE: Sallie Mae
Sallie Mae
Patricia Nash Christel, 302-283-4076
patricia.christel@SallieMae.com
or
Debby Hohler, 617-454-6741
dhohler@upromise.com
Copyright Business Wire 2011
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