Good news on the horizon for federally funded student loans… the SLM Corporation (also more commonly known as Sallie Mae) announced that it has extended $22 billion in financing to help fund federally guaranteed student loans.
The student loan provider said it has extended the term of its $21.8 billion asset-backed commercial paper facility that provides funding for federally guaranteed student loans to April 23, 2010 instead of the original deadline date of April 28, 2009.
Students looking to apply for federal student loans should first begin their efforts at www.fafsa.ed.gov in order to see what they qualify for in federal financial aid. The deadline for the 2008-2009 school year is June 30, 2009, deadline for 2009-2010 school year is June 30, 2010.
After completing FAFSA, students wishing to apply for federal student loans (Federal Stafford Loans, Sallie Mae Smart Option Student Loans, Signature Student Loans, Signature Student Loans for Community Colleges, Continuing Education Loans, and Career Training Loans) can visit www.salliemae.com to get started applying for their federally funded student loans
Share this Student Loan Information or Comment!
| Share |
