I have a student free checking account with my bank Wachovia.
So I go on to Sallie
A: The routing number and account number will enable Sallie Mae to electronically pull the money from your Wachovia account.
If you don't feel comfortable giving free access to your bank account to a financial behemoth like Sallie Mae, you
COMPLAINT #1 (Office of Inspector General / Department of Education) "Anyone suspecting fraud, waste or abuse involving Department of ...
What is free?
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Computerworld
Because of the increase in the number of worms, i companies have had to ... Lesson Learned Sallie Mae Inc. has revamped much of its worm mitigation strategy ...
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Borrowing inequality, race, class, and student loans
Sallie Mae provided a secondary market for student loans by purchasing the student loan ... No longer was the emphasis on the value of large-scale social ...
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Kiplinger's Personal Finance
To fill small gaps in college financing, you could turn to private loans, such as Sallie Mae's Signature loan for students (www.salliemae.com) and Nellie ...
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Why is Sallie Mae a Bank Now?
Sallie Mae is getting into the online savings business. It makes sense I guess. They offer college loans and are finding, just like any lender, that they can do more loans by possibly taking on customers via online savings. Perfect marketing strategy actually. Get a bunch of guys like me with a kid to save money in their savings account and then by the time my kid needs to go to college, I use my savings, 529 plan , and add on a Sallie Mae loan to cover the rest. Genius.
Also, it probably doesn’t hurt them to get a nice influx of cash right now. That, plus, I think online banking is just becoming more acceptable these days, and since Sallie Mae doesn’t have to build bank buildings to make this happen, it works out for them.
About the Sallie Mae Savings AccountTheir savings account it pretty straight forward. The rate is good compared to other online savings accounts . There is no minimum balance requirements like EverBank has. Although there are some minimum requirements if you want to take advantage of the 10% Upromise earnings match. See more below.