Wednesday, January 24, 2007

How to Increase Automatic Payments to Sallie Mae

You are not required to pay your student loans issued through Sallie Mae until six months after your college graduation, or your disenrollment from school. While you are in school, interest accrues on your loans, which you can pay down while in school or add to the principal of your loan. Once your repayment period starts, you can make your payments online through the Sallie Mae automatic payment plan; choose to pay the minimum amount due each month or increase your payments to an amount you are comfortable with.

Instructions

    1

    Go to the Sallie Mae website to log into and manage your student loan account. Enter your username and password to log in.

    2

    Locate the "Manage my Account" link on your account overview page. Choose the "Payment Options" to change your automatic payment amount.

    3

    Enter the increased amount you want to pay each month with your automatic payment by entering it into the "Payment Amount" box. Continue your request. Confirm the changes to your account and submit them to Sallie Mae.

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