Are you worried that you can’t afford to continue your education and get the degree you need to take your first step up the career ladder?

If so, you are not alone. There’s no question about it: Cost is a big factor in any decision to go back to school. Many students think they can’t afford college. If you are concerned about your ability to pay, you should apply for financial aid, even as an adult! There are many sources of help, and a Nellie Mae Student Loan is one option.

Let me tell you a bit about her background: Nellie Mae is a subsidiary of the well-known SLM Corporation, also known as Sallie Mae. It is well established and started in 1982.

Since then, the agency has provided literally millions of students and their families with funds for their college education. Both college students and graduates have benefited and because of the financial burden lifted from their shoulders, they have earned their degrees and achieved well-paying employment.

Is that how it works

Nellie Mae works with colleges and universities across the country to offer successful loan programs. They can offer convenient online application options, including prequalification for federal PLUS and private loans, federal consolidation loan applications, and downloadable master promissory note (MPN) forms for Stafford and PLUS loan borrowers.
To help students continue to be bright borrowers, Nellie Mae offers cash back rewards for paying on time. This gives the student a great incentive and allows her to continue to have a good store of credit as well as have some cash for simply taking over the responsibilities of paying off her Nellie Mae student loans.

Nellie Mae not only finds the best sources of financing to enable students to get a wonderful college education, but they also have many helpful resources online, such as loan advice, and are eager to provide advice and feedback throughout the loan course. .

How fast can you get your loan?

The good news is that Nellie Mae has a very fast response time for private loan applications. After receiving your completed and signed loan application along with any required supporting documentation, it only takes three to five business days for her to get a response on the lenders available for her loan.

This gives you a small advantage because it means you’ll be able to get an answer quickly and start making plans instead of waiting around wondering when you’ll get an answer. Waiting to find out if your loan application has been accepted is a very stressful time, so you will really appreciate the speed of response. This is especially important if there is a decline so you can make alternate arrangements quickly.

Once accepted, the process is simple. Nellie Mae will simply request certification of her loan from her school’s financial aid office. The funds will go directly to the university so there is no need for additional red tape to have to pay for school. This also helps reduce fraud and makes for a fast and smooth transaction.

Who can apply for a Nellie Mae loan?

Applying for a loan is very easy. There are just three basic categories for Nellie Mae student loan borrowers.

1) Undergraduate students: is someone who is just entering or returning to the university to obtain a bachelor’s degree.

2) Graduate Students: Graduate students are people who have already received a bachelor’s degree and who are returning to the university for an advanced degree, such as a master’s or doctoral degree.

3) Parents: Many parents help their children by taking out a loan to finance their children’s education.

So if you think you won’t have the money to go to college, think again. With financial help and smart planning now, you could be on your way to continuing your education beyond high school and earning the degree you need for a well-paying career. Start by talking with your parents or guardians, teachers, and school counselor. They are in the best position to help you prepare for college and will help you submit a successful application form to Nellie Mae.