Is it wise to “waive my grace period” for SallieMae?
By submitting this form, you are formally authorizing that Sallie Mae take the following actions* on your behalf:
Place your eligible federal education loans that are owned by Sallie Mae into repayment status, contingent upon your receiving a Sallie Mae Consolidation Loan, and send you a repayment schedule. You understand that you are waiving the grace period that was available on your federal student loans that you intend to consolidate.
Well, yes if you want to lock in the current “low” rates. Unfortunately, yesterday the 30th was the last day to do so.
