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

That's the only way. Basically, any extra is automatically applied to future payments. Unless there's something specifically in the memo they'll play stupid. The checks are electronically scanned/deposited.

 

I did the pay/call dance with them for a year. Thought payments were bringing down principle and Sallie-Mae kept pushing mack my due date. Called every month to have the account adjusted and took great pleasure in feeling their annoyance.


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