Originally Posted by
JSchraub
Does Sallie Mae offer rates which are not variable? I am about to take out a loan for school/living/flight training and was told by a few people to go with Sallie Mae... I guess I will have to look for more from my bank or something..
Based on Clyde101's post, I would say probably not, but I don't know for sure. All I know is they add points to the prime rate based on your credit I assume, but a variable rate scares me. What if that thing goes up to like 14-15% ? That would really stink. I would definitely explore other options.