Re: What is the best way to pay off my Sallie Mae loan?
08-13-2012 04:41 PM
Here's what you do:
1. Send them a seperate check that has account number, loan group, and "Apply to princple" in the memo area.
2. They'll ignore all instructions and apply it to future interest and make it so there are no payments for a while, LOL!
3. Call and have them apply your payment to principle over the phone.
Sallie-Mae may loses money when paid early and will always make it difficult.
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