Serialization reduces paperwork, phone calls, and confusion from dealing with several institutions.

How does it work?

At a borrower's request, Sallie Mae will contact the institutions owning or servicing non-Sallie Mae loans about selling those loans to us.

Serialization does not change the terms and interest rates of the individual education loans.

Serialization is not consolidation.
Consolidation refinances multiple loans into one new loan — with a new repayment term, monthly payments, and interest rate.

Conditions

• Borrower must have at least one Sallie Mae-owned or
  -serviced loan.
• Only Stafford, SLS, PLUS, and HEAL loans qualify. Sallie Mae cannot purchase Federal Perkins loans, Federal Direct loans, or National Direct Student loans for serialization.
• Borrower must not be past due on loan payments.
• The other lenders must be willing to sell their loans to Sallie Mae. (Lenders and loan holders are not required to sell education loans.)

To apply

To apply, complete a Loan Purchase Request Authorization (PDF, 36KB) form and fax it to (317) 578-6262 or mail it: