Q:

How do you make a payment for a Sallie Mae student loan?

A:

Quick Answer

Individuals with student loans through Sallie Mae have numerous options for making their loan payments. This includes online payment, automatic debit, using third-party billers and banks, and paying by phone or by mailing in a check or money order to the address on the billing statement.

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How do you make a payment for a Sallie Mae student loan?
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Full Answer

Individuals who wish to make payments on their Sallie Mae student loans may do so at the corporation's website. Mouse over the Student Loans tab at the top of the page and click the Pay and Manage Loans link under Managing Your Loans to get to the payment portal. Account holders using the website payment option must register for an account using their Social Security numbers or Sallie Mae account numbers.

The automatic debit option lets those paying back student loans have their payments deducted directly from checking or savings accounts on a certain day each month. Account holders must be in repayment and current on their loan payments, and individuals paying back a Smart Option Student Loan may also qualify for an 0.25 percent interest reduction for using this payment option.

Individuals using a third-party or bank bill paying service can enter Sallie Mae information to make their payments. As of April 2015, phone payments can be made by calling 1-800-4-SALLIE. Operators take bank information using this option and directly debit a bank account.

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