Are you worried you won’t be able to afford to continue your education and get the degree you need to take your first step up the career ladder?
If so, you are not alone. There’s no question about it: cost is a major factor in any decision to go back to school. Many students think they can’t afford college. If you are concerned about your ability to pay, you should apply for financial aid, even as an adult! There are many sources of help and a Nellie Mae Student Loan is one option.
Let me tell you a little about her background: Nellie Mae is a subsidiary of the renowned SLM Corporation, also known as Sallie Mae. It is well established and started in 1982.
Since then, the agency has provided literally millions of students and their families with funding for their college education. Both undergraduates and graduates have benefited and because of the financial burden lifted off their shoulders, they have earned their degrees and landed well-paying employment.
Is that how it works
Nellie Mae works with colleges and universities across the country to offer successful loan programs. They may offer convenient online application options, including pre-qualification for federal PLUS and private loans, 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 paying on time. This gives the student a great incentive and allows her to continue to have good store credit, as well as have a little cash on hand for simply taking care of her Nellie Mae student loan repayment responsibilities.
Not only does Nellie Mae find the best financing sources to enable students to get a wonderful college education, they also have many helpful resources online, such as loan advice, and are eager to provide advice and feedback throughout the course of the loan. .
How fast can you get your loan?
The good news is that Nellie Mae has a very fast turnaround time for private loan applications. After receiving her completed and signed loan application along with the required supporting documentation, it only takes her three to five business days to get a response on the lenders available for her loan.
This gives you a small advantage because it means you can get an answer quickly and start planning instead of waiting around wondering when you’ll get an answer. Waiting to find out if your loan application has been accepted is a very tense time, so you’ll really appreciate the speed of response. This is especially important if there is a decline so you can quickly make alternate arrangements.
Once accepted, the process is simple. Nellie Mae will simply request certification of her loan from her school’s financial aid office. The funds will go directly to the university so there is no need for additional red tape to pay for school. This also helps reduce fraud and makes for a quick and seamless 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 just entering or returning to college for a bachelor’s degree.
2) Graduate Students: Graduate students are people who have already received a bachelor’s degree and are returning to college to pursue an advanced 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 won’t have the money to go to college, think again. With financial help and smart planning now, you could be on your way to continuing your education beyond high school and earning the degree you need for a well-paying career. Start by talking to your parents or guardians, teachers, and school counselor. They are in the best position to help you prepare for college and will help you submit a successful application to Nellie Mae.