Concerned about not being able to afford the training and degree you need to take that first step up the career ladder?
If yes, then you are not alone. There is no doubt: cost is a major factor in the decision to go back to school. Many students think they can’t afford college. If you’re concerned about your ability to pay, you should apply for financial assistance—even as an adult! There are many sources of help, and a Nellie Mae student loan is one option.
Let me tell you about her background: Nellie Mae is a subsidiary of the well-known SLM Corporation, also known as Sallie Mae. It is well established and started back in 1982.
Since then, the agency has provided college education funding to literally millions of students and their families. Both students and graduates have benefited, and because they have been relieved of the financial burden, they have graduated and entered well-paying employment.
Here’s how it works
Nellie Mae works with colleges and universities nationwide to deliver successful loan programs. They are able to offer convenient online application options including Federal PLUS and personal loan pre-qualification, Federal Consolidation Loan applications and downloadable Master Promissory Note (MPN) forms for Stafford and PLUS Loan borrowers.
To help students remain brilliant borrowers, Nellie Mae offers cash back rewards for on-time repayments. This gives the student a great incentive and allows him to keep having a good loan store and get a bit of money back simply for taking care of his Nellie Mae student loan repayment responsibilities.
Nellie Mae not only finds the best sources of funding to help students get a great college education, but also has many helpful online resources such as credit counseling and is happy to provide advice and feedback throughout the credit process.
How soon can you get your loan?
The good news is that Nellie Mae has a very short processing time for personal loan applications. After you receive your completed and signed loan application along with all the required supporting documents, it only takes three to five business days to receive a response regarding available lenders for your loan.
This gives you a small advantage as you can get an answer quickly and make plans instead of waiting and wondering when you will have an answer. Waiting for your loan application to be accepted is a very tense time so you will really appreciate the speedy processing. This is especially important when there is a declination so you can quickly make alternate arrangements.
Once accepted, the process is a breeze. Nellie Mae simply requests a certificate of your loan from your school’s tax office. Funding goes directly to the college, eliminating the need for additional paperwork and bureaucracy to pay for the school. This also helps reduce fraud and makes it a quick, painless transaction.
Who can apply for a Nellie Mae loan?
Applying for a loan is very easy. There are only three basic categories for Nellie Mae student loan borrowers.
1) Undergraduate students: This is someone who is entering or returning to college to pursue a bachelor’s degree.
2) PhD students: PhD students are people who have already received a bachelor’s degree and are returning to higher education to pursue a postgraduate degree such as a master’s or doctorate.
3) Parents: Many parents help their children by taking out a loan to finance their children’s education.
So if you think you don’t have the money to go to college, think again. With financial support and some wise planning, you could now be on your way to continuing your education beyond high school and earning the degree you need for a high-paying career. Start by talking to your parents or guardians, teachers, and school counselors. They are in the best position to help you prepare for college and they will help you submit a successful application form to Nellie Mae.
Thanks to Tim Gorman | #afford #college #student #loan #Nellie #Mae