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In: Signature loans
10 Mar 2010I wasnt approved on a standalone basis and the awaiting information is on my cosigner. I called Sallie Mae and asked was anything wrong with the paperwork but they said no that they just needed to review it. Is there anything I can do to speed up the process? Is this the normal waiting time? and about how long will I have to wait to find out if the loan is approved. I’d like to find out as soon as possible so that if it isn’t, I can look at other options for school.
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4 Responses to I applied for a Signature loan with Sallie Mae and it says awaiting information. Its been a week and a half?
John
March 10th, 2010 at 7:11 am
Because they are entering peak season things sometimes take longer. Go to your financial aid office and ask your counselor to give them a call. They can put more pressure on them to get it done. P.S. other alternative loans have MUCH better rates and NO fees.
Barry G
March 10th, 2010 at 8:11 am
Maybe you can try below website to get the information you need. It’s about student loans articles for your second opinion.
Boriqua7
March 10th, 2010 at 8:20 am
I am not sure I understand your question fully. Are they waiting on the cosigner info? If so talk to your cosigner and ensure they have done the credit check and completed and signed the application which can be done online. Did you complete and sign you application? If not do so by going online to their website. Not sure exactly what they are reviewing.
payingcollege
March 10th, 2010 at 9:18 am
Often the loan companies are waiting for the schools to “certify” the loan – ie. verify that you’re enrolled there and that tuition costs as much as you applied for. Contact your financial aid office and see if they can assist you.