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Answer by Hart CO for How does Sallie Mae calculate its payment?

I'd wager that the discrepancy you are seeing is due to a difference between the loan disbursement date and the payment due date, such that the first loan payment is/was due more than a month from the...

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How does Sallie Mae calculate its payment?

Short VersionCan anyone figure out how Sallie Mae comes up with its personal loan payment amount?Long VersionI have a friend who took out a personal loan with Sallie Mae, and their payment amount is...

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