Sallie Mae Introduces NewLoans

April 07, 2006, 1:00 a.m. EDT 1 Min Read

Facebook
Twitter
LinkedIn
Email
Show more sharing options
Share Show more sharing options

Register now

RESTON, Va. - (04/07/06) -- Sallie Mae, the dominant player inthe student loan market, announced Thursday it is offering a newGraduate PLUS loan program for graduate and professional students.Instead of being offered to parents, the new Graduate PLUS loanswill be available for students themselves. The loans may qualifyfor interest rates as low as 6.75% and loan balance reductions ashigh as 3%. The Graduate PLUS are aimed at complimenting thefederal Stafford loan options already available to graduatestudents.

Facebook
Twitter
LinkedIn
Email
Show more sharing options
Share Show more sharing options

Reprint

For reprint and licensing requests for this article, click here.

TRENDING

Employee benefits

Leave-your-car-at-home effort gains traction at American Savings

The Hawaii bank has paid employees who carpool, bike or walk to work. About a third of the workforce bought into the program before the pandemic, and it's expected to continue once life returns to normal.

By John Reosti

1h ago
Best Banks to Work For

Seacoast puts a premium on soft skills

The Florida company has created a series of programs to coach leaders on motivating employees and avoiding conflict.

By Laura Alix

1h ago
Best Banks to Work For

Lightening up at Peoples State in Wisconsin

The community bank has developed trivia and other Zoom-based games to keep workers engaged during the pandemic.

By Jon Prior

1h ago

MORE FROM AMERICAN BANKER

Workforce management

Banks are paying more mind to mental health

Many in the industry were adding counseling services to benefits packages even before the coronavirus outbreak spurred demand for assistance with mental well-being.

By Joel Berg

1h ago
Regulatory guidance

NCUA board OKs interagency guidance proposal

The rule, which will go up for a 60-day comment period, codifies existing NCUA policies and is not expected to change how the agency operates.

By Aaron Passman

6h ago
Fintech

SoFi gets preliminary OK on bank charter, launches credit card

Both developments are part of the company’s strategy of becoming a full-service bank for its young, affluent customer base.

By Kevin Wack

7h ago
Diversity and equality

BECU commits $5M to racial equity efforts

The announcement marks one of the credit union community's largest funding efforts toward diversity and inclusion initiatives.

By Aaron Passman

7h ago
Recruiting

Citizens hires JPMorgan Chase exec to lead digital expansion

Donald Felix will join the Rhode Island company in January as head of national banking. He recently was responsible for developing a personal finance management strategy for JPMorgan Chase’s consumer bank.

By Laura Alix

7h ago
Credit quality

Santander Consumer warns charge-offs will keep rising into spring

The subprime lender cited low odds that Washington will deliver further economic relief, and the fact that $1.5 billion of loans whose deferral period expired are now more than 30 days behind.

By Jon Prior

8h ago