Get “Smart” About Military Education Benefits With SALT’s New eBook

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Memorial Day may be over, but that doesn’t mean we should stop thanking members of the Armed Forces and veterans for their service.

In fact, SALT™ has a way to share our gratitude today, and we hope servicemembers benefit from it for much longer than 24 hours. It’s our newest eBook: The Military Smartbook For Defeating Student Debt.…

What’s Going On With Sallie Mae And The Servicemembers Civil Relief Act?

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Last week, the Department of Justice found Sallie Mae in violation of the Servicemembers Civil Relief Act (SCRA), ordering them to pay $96.6 million in restitution and penalties for unfair and deceptive practices while servicing private student loans. Sallie Mae admits no wrongdoing.

$60 million of that money is to compensate an estimated 60,000 borrowers whose SCRA benefits Sallie Mae may have improperly denied. So, what is SCRA, who does it affect, and why is violating it such a big deal?…

11 Ways The Government Thanks Servicemembers With Student Loans

"Wooo! No interest rate on my Direct loans made after October, 8 2011." Or at least I think that's what they are celebrating here.
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In honor of Veterans Day, we marched straight out of the archives one of our favorite posts: Ashley Norwood detailing all the ways the government salutes student borrowers who are servicemembers. And while she originally chided herself for not publishing this in time for Memorial Day, this “Operation: Ashley Archive” makes sure we thank everyone who has served in a timely manner. (Though not with that “Operation” name. We’ll come up with something better.)…

Should Servicemembers Opt For Military Deferments Or Income-Based Repayment?

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With the crisis in Syria all over the news, I’ve been thinking a lot about our military servicemembers and the trials they face.

My grandfather, father, and father-in-law all served in the Navy, my uncle was in the Air Force, and I have friends and family currently in the Air Force and the Army. I understand how military service can be tough—and student loans shouldn’t be another burden to carry.

The government does a lot to thank servicemembers with loans. However, a couple benefits could really help those on active duty: deferment and income-based repayment. Let’s figure out which may work best for you.…