Sallie Mae lowers rate on non-federal student loans
As reported by Sandra Block in USA Today
“Sallie Mae, the USA’s largest private student lender, will announce today that starting May 10, rates on its Smart Option Student Loan will be 2.88% to 10.25%, based on the current London Interbank Offered Rate (LIBOR), the benchmark for the variable-rate loan. That’s down from a range of 4.38% to 12.88%.”
While this is good news for college students and those who will begin in the fall, there’s even better news! Most families can qualify for additional financial aid and lessen the amount of money that they’ll need to borrow.
In the 31 years that I’ve been involved with financial aid, there are numerous legal income planning and asset repositioning strategies that can be employed to save families $1,000’s! Send an email to learn how, and it’s never too late!
