Can I prepay my Sallie Mae student loan without any penalties?
Asked 6 months ago
Yes, you can prepay your Sallie Mae student loan without incurring any penalties. There are no prepayment fees or charges associated with early repayment of your loan. Sallie Mae encourages borrowers to make additional payments or pay off their loans ahead of schedule whenever possible. By prepaying your loan, you can save on interest costs and complete your loan repayment faster. Whether you choose to make extra payments regularly or pay off the entire loan at once, you won't face any penalties or fines. Sallie Mae aims to support borrowers in managing their student loans responsibly and achieving financial freedom sooner.
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