What Happens If I Don't Pay Sallie Mae?
Quick summary Detail Value Grace period ~15 days after due date Late fee Up to $25 (varies by loan and state) Credit reporting At 30 days past due Default Typically 120 days past due Consequences of default Lawsuit, judgment, wage garnishment (with court order) Source verified May 2026 Sallie Mae is a private lender This is critical to understand: Sallie Mae is a private student loan lender, not the federal government. Federal student loans are run by the US Department of Education. Sallie Mae is a publicly traded private bank. ...