Did the recent student loan legislation eliminate cash-back incentives for consolidation?
Or does it just seem that way?
I cannot speak for other lenders, but at Sallie Mae we are working extremely hard to balance the legislative cuts’ significant economic impact on our company with our commitment to serve students, parents and higher education institutions.
Recently, Sallie Mae announced that student loan consolidation customers who have an initial consolidation loan balance of $10,000 or more disbursed on or after Oct. 1, 2007 are eligible to receive a rate reduction of 0.25% if they make payments using automatic debit. Those who are interested can visit our website or call 1-800-448-3533.
