Sallie Mae Mpn?

Q: I remember getting a sallie mae tuition answer loan almost a year ago and it was easy to get and only had to send it photo id with MPN.

Has any policies changed in the last 9 months or are they still easy to get?

Someone

A: Wow you got some spammers answering your question. I believe it is still as easy as it was for you. I applied for one a few months ago, and got a letter saying they needed a photo ID and a copy of a utility bill to prove that I live where I said I did.

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LOANS

Your financial aid package may include a loan. You may have been offered a Federal Perkins Loan, or we may have suggested that you borrow through the Federal Direct Stafford Student Loan Program or the Federal Direct PLUS Loan Program. A loan must be repaid. Therefore, when deciding whether to borrow, you should examine your need for assistance and your future ability to repay. Unlike consumer loans, student loans have longer terms of repayment and in most cases are not repayable until you leave school. Interest rates vary from program to program but are usually lower than rates on loans made to the general public. The precise terms of the loans are contained in the promissory notes that borrowers must sign. To be eligible for a federal loan, students must maintain at least 6 credit points (or its official equivalent), be enrolled in a degree or approved certificate/diploma program, and be matriculated.

UNIVERSITY-ADMINISTERED LOANS

If you have been offered a University-Administered Loan it will be necessary to sign a promissory note before your loan can be disbursed. The promissory note will be sent to you by mail in July/August. You should carefully read the instructions and complete the signing process as soon as possible. (If for some reason you do not receive your promissory note, please visit our office to sign one.) You will not receive credit on your bursar’s bill if you do not sign your loan note.