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by Batiyah Yisrael

It sounds too good to be true, doesn’t it? To have the whimsical student loan fairy automatically and effortlessly wipe away $25,000 of your school loan. Wow, I caught myself daydreaming a bit there. As unbelievable as it sounds, there is a student loan company who is doing just that. If you have a student loan with Sallie Mae, then you actually have a chance for this to happen for you! I’m not sure what your odds are or even mine; however, there has been one $25,000 winner every month since 2008.

Four steps to becoming eligible for the Sallie Mae $25,000 loan payoff.

1. Create an online account

You need to create an online account with Sallie Mae, if you haven’t already. Just go to www.salliemae.com. Then click on Manage your Loans. They’ll guide you from here. They just ask for basic information. It’s pretty simple to do.

2. Enter the drawing

Click on the choice to be entered into the sweepstakes. You only have to do this once to be continuously entered monthly. The site will explain in more detail where this is located; also, very easy to find. They walk you through it. You can also mail in your request.

3. Sign up for the offers

This choice allows them access to your e-mail to send you offers and information. You can opt out if you want by simply not choosing this option. They do inform you that by not choosing this your entries into the monthly drawing will be reduced.

4. Keep your student loan payments up-to-date.

Make current payments on your loan. You can also keep your account current by putting loans into deferment or forbearance. Keeping loans current is also very good for your credit, of course.

Their incentive and how it benefits you

One reason that Sallie Mae affords people this opportunity is to promote “green” business. Of course, paying people’s school loans helps a lots of folks and that’s also part of their motivation; however, paperless correspondence is good for them and good for you. It can help you to streamline your business dealings and reduce unnecessary papers. You may also feel good knowing that you’ve saved some trees from the chopping block!

Boost Your Moral

Check out the actual winners. The winners’ names are posted on the website. You’ll get to see the reality of this happening for you, up close and personal. Hopefully, it won’t just be a tease to show you what others have received that you have yet to. Anyhow, give it try, if you haven’t already and maybe I’ll see you in the winner’s circle. Chow!

About the Author:
Batiyah Yisrael will give you the proper tools to help conquer the mountain called student loans; to further educate yourself on paying off student loans checkout the overlooked tips and tricks of paying of student loans.
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