Senior Contributor
drkaje
Posts: 3,492
Registered: ‎07-25-2008
Re: What is the best way to pay off my Sallie Mae loan?

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. :smileyhappy:


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge