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How to Appeal a Student Loan Denial from Sallie Mae – The Essential Information

Educational expenses have been rising considerably over last decade and for a large number of students nowadays the only possible way to acquire higher education is to take a student loan or some other type of financial aid. Lots of students realize one or more federal or private student loans in order to pay for their college or university education. These loans are based on credit history, income, tuition fees and student’s needs and millions of students in US today are granted such educational financial aid. However, it happens sometimes that applicants receive a denial notification on their loan application based on criteria such as bad credit history or employment status.

Sallie Mae is one of the US largest private student loan lenders operating since 1972.  It is one of the leading America’s education loan lenders due to its low interest rates, advanced repayment options and numerous loan alternatives. And very important fact for those unlucky ones who have been denied their student loan, Sallie Mae has an appeal process option. That means that applicants who have been denied, but who believe that their loan has been rejected because of credit reporting errors or in the event that certain mitigating conditions apply, may appeal their student loan denial.

Here is some useful information to help you go through the appeal process.

First to be considered are some facilitating circumstances of student’s denied loan application as follows:

  • Temporary job loss
  • Medical emergencies
  • Temporary credit aggravation due to divorce
  • Disputed credit record based on a billing error
  • Natural disasters like earthquakes, tornadoes, hurricanes, tsunamis, etc.

In case you require appeal on student loan denial with Sallie Mae, keep in mind that you are going to be required to submit adequate third-party documentation as a verification of the events that caused your bad credit history.

If your Sallie Mae education loan is denied and you believe that you have good reasons to overturn that decision, you should without delay request appeal on your student loan denial. With the intention of helping you in this process, here is the list of succeeding steps that you should take:

  1. First you should do is to contact Sallie Mae via phone at (800) 695 3317. All applicants are invited to appeal via this phone number, because there is no appeal form to fill out available.
  2. Talk with the representative and present him/her your reasons for appealing. If they find it a reasonable explanation, they will pass your information onto the credit sector for further review.
  3. It is probable that Sallie Mae will invite you to provide a third- party documentation to help support your claims. If this is the case, you will be invited to send supporting information to them via one of the following Fax, Mail or Email.

You should take into account that Sallie Mae student loan appeal requests are evaluated on case-by-case basis and that your appeal will not be automatically approved. Appealing process takes some time and it could take up to a week for your application to be reviewed and a decision on your appeal to a student loan denial to be made.

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