Utilize your grace period or separation to organize and comprehend your upcoming student loan payments.
Get advice on how to pay off your student loans more quickly and see how your payment is allocated and applied.
Learn what good credit is, how to maintain it, and how your student loans may affect it.
Learn how to manage your student loans through any changes you may experience because life doesn’t always go as we plan.
To make a payment, you may use this official links below:
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https://www.salliemae.com/login/
Create your online account. Get ready for taxes. Did you know the interest you pay on student loans might be eligible
Ways to make Student Loan Payments
https://www.salliemae.com/student-loans/manage-your-private-student-loan/prepare-to-pay-your-student-loans/ways-to-make-student-loan-payments/
Select how you want to make student loan payments. Choose between auto debit, paying online, mobile app, by phone, mail, or third-party bill pay services.
Your loans are wherever you are with the Sallie Mae® app
Utilize the Sallie Mae app on your iPhone®, AndroidTM phone, or Apple Watch® to make and manage Sallie Mae student loan payments whenever and wherever you are.
- Easily make payments for multiple loans.
- Get a quick overview of each loan, including the interest rate, current balance, and total amount due.
- View payment history.
- Log in quicker with iPhone® Touch ID.
- On your Apple Watch, pay your loans and review the confirmation.
- The day they are scheduled will be when payments made through the app take effect. However, 2-4 days after the effective date, payments might not appear in your online Transaction History.
Have your bank account information ready and call our automated phone system to make payments on your student loans for convenience.
Payments made over the phone will take effect on the day they are scheduled. However, 2-4 days after the effective date, payments might not appear in your online Transaction History.
Mailing a check or money order still works, but you must do so at least ten days before the payment is due in order for it to be credited on time.
You might be assessed a late fee if your payment is made late. A returned check fee may be assessed if your check doesn’t clear for any reason.
- To ensure that your payment is properly allocated to your loans, include the remittance slip and 16-digit Loan Group Number with it.
- Make payments to Sallie Mae payable with a check or money order and send them to the following address: Sallie Mae P O. Box 8459 Philadelphia PA 19101-8459.
- The instructions on the check or remittance slip cannot be processed by us.
- For each loan you cosigned, send individual payments with the relevant 16-digit Loan Number and the remittance slip.
- Mail your payments to the Cosigner Payment Address: Sallie Mae P. Make checks or money orders payable to Sallie Mae. O. Box 8377 Philadelphia PA 19101-8377.
- The instructions on the check or remittance slip cannot be processed by us.
Your financial institution may offer payment services as a third-party bill-pay option. To ensure that the payment is processed at least 10 days before your due date and is credited on time, give them the relevant 16-digit Loan Group Number.
- Provide them with the applicable 16-digit Loan Group Number.
- Ensure that Sallie Mae receives your student loan payment at this borrower payment address: Sallie Mae P O. Box 8459 Philadelphia PA 19101-8459.
- Cosigners must submit individual payments for each loan they’ve cosigned.
- Ensure that Sallie Mae receives your student loan payment by sending it to the following cosigner payment address: Sallie Mae P O. Box 8377 Philadelphia PA 19101-8377.
You might be assessed a late fee if you don’t pay your loan’s current amount due (and any past-due sums) within 15 days of the current amount due date.
- The disclosure for your loan as well as your billing statement include the late fee amount.
- You risk losing your eligibility for borrower benefits or repayment incentives if you make your student loan payments late.
- Consumer reporting agencies may report late payments, which could have a negative effect on your credit report.
Find out how you might be able to reduce your total loan cost to save some money.
To obtain flexibility with your loan payments by making interest-only payments for a year after your separation period ends, apply for the Graduated Repayment Period.
From your Apple® or AndroidTM phone, you can manage and make payments for your Sallie Mae student loans whenever you want.
footnote 1. When you send us a check in payment, you give us permission to use the information on the check to conduct a one-time electronic fund transfer from your account in accordance with our standard procedure. You won’t get your check back from your financial institution if we use information from your check to make an electronic fund transfer because money could be taken out of your account as soon as the same day we receive your payment. Instead, we may process your payment as a check transaction in some unusual situations, such as for processing or technical reasons.
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FAQ
Can I pay Sallie Mae over the phone?
One-time payments can be made or scheduled online or by calling our automated phone line at 800-472-5543 (4-SALLIE).
What is the best way to pay Sallie Mae loans?
Making a one-time payment online, over the phone, or through the mail is the simplest way to do this. Additionally, making additional payments will lower the Current Amount Due on your upcoming billing statement(s). Continued payments will lower your total loan cost even if the billing statement doesn’t show any required amount due.
Are Sallie Mae loans being forgiven?
No, Sallie Mae is not participating in the forgiveness program; it only applies to federal student loans. Sallie Mae loans and other private student loans won’t be forgiven under this program.
Does Sallie Mae have a grace period for payments?
You might be assessed a late fee if you don’t pay your loan’s current amount due (and any past-due sums) within 15 days of the current amount due date.