What are the benefits or drawbacks to Sallie Mae (formerly AMS)?
Benefits: You don’t have to have all of your money together when school starts. This gives you a chance to spread your payments. There is NO interest charged when using Sallie Mae (formerly AMS). It is NOT a loan and does not have to be paid back after you leave school. Drawbacks: Your payments are received at the University one month behind. Example: Your January payment will not show on your account until the beginning of February. A transcript of your classes can not be released until your balance is zero.
