How do I defer my Sallie Mae student loan?

To request a deferment, submit an Internship, Clerkship, Fellowship, or Residency Deferment Form completed by you and an official from your internship, clerkship, fellowship, or residency program. Continue to make your payments until we let you know if your deferment request has been approved.

Where do I send my Sallie Mae deferment form?

Please complete the following information and return all documentation to us via fax: 855-756-0011; mail: Sallie Mae, P.O. Box 3319, Wilmington, DE 19804-4319; or online: log in to your account at SallieMae.com and select the Secure Document upload link located on the Forms page.

How do I apply for a student loan deferment?

Request a Deferment Most deferments are not automatic—you need to submit a request to your student loan servicer, often on a form. Also, for most deferments, you must provide your student loan servicer with documentation to show that you meet the eligibility requirements for the deferment.

What is a deferment form?

A deferment is a period during which you are entitled to postpone repayment of your loans. Interest is not generally charged to you during a deferment on your subsidized loans. References to “your loan holder” on this form mean either your loan holder or your servicer.

How does Sallie Mae disburse student loans?

Direct to Student Disbursement. There are some colleges and universities that allow Sallie Mae funds to be disbursed directly to the student. In this case, the school would receive the funds initially and then issue a check, execute an electronic transfer, pay the amount out in cash or sign over the Sallie Mae check to the student or beneficiary.

Can Sallie Mae student loans be forgiven?

Sallie Mae ( Student Loan Marketing Association) loans issued by SLM Corporation ( SLM) cannot be forgiven. As of 2017, there is no option for private student loan forgiveness, but there are options for public student loan forgiveness. If a person needs relief from his Sallie Mae loans,…

Can I obtain a deferment for my private student loan?

To defer a private student loan, you’ll need to contact your lender . Many offer some form of deferment or relief if you are enrolled in school, serving in the military, or unemployed. Some also…