What are the eligibility requirements for Sallie Mae student loans?
Asked 2 years ago
Sallie Mae offers student loans to help finance education, and there are several eligibility requirements that applicants must meet to qualify. Generally, applicants must be enrolled in an eligible degree or certificate program at a qualified postsecondary institution. Both undergraduate and graduate students can apply, but the specific program and school must meet Sallie Mae’s requirements.
Additionally, applicants must be United States citizens or permanent residents. They will typically need to be at least eighteen years of age at the time of application. A valid Social Security number is also necessary. When applying, students will need to demonstrate their creditworthiness, which may include a credit check, and those with limited or no credit history may need a cosigner who meets Sallie Mae's credit criteria.
It is important for potential borrowers to be aware that their financial situation and credit history can influence the loan terms they are offered, such as interest rates and repayment options. Interested individuals can find more specific details and the most current information on eligibility requirements by visiting Sallie Mae's official website.
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