|[February 05, 2014]
Sallie Mae Announces Winners of "It Pays to Repay" Sweepstakes
NEWARK, Del. --(Business Wire)--
Sallie Mae, the nation's No. 1 financial services company specializing
in education, announces the winners of the "It Pays to Repay"
sweepstakes, created to celebrate customers who successfully make
on-time student loan payments each month.
Erin Caron, a graduate of Boston University, from Taunton, Mass. was a winner of the "It Pays to Repay" Sweepstakes. (Photo: Business Wire)
Jennifer Donovan from Plainfield, Ind., Jennifer Duft from Harrisburg,
N.C., Erin Caron from Taunton, Mass., and Tiffany Schmitt of Cedar
Falls, Iowa, are the four winners of the sweepstakes. In order to be
eligible, customers had to be in good standing with a track record of
six or more on-time payments. The winners were awarded up to $10,000 to
help pay off their education loans.
For the week-one award winner, the prize could not have happened at a
better time. "Winning this prize is a real blessing," Donovan said. "I
lost my job one year ago because my position was eliminated. I am
working part-time and doing freelance writing work, but my income is not
the same. My husband has recently changed jobs and we have a big move
Entrants received addiional chances to win by submitting a repayment
tip and sharing the contest with their friends on social media.
"I set up my auto pay to take $50 more than the loan payment," said
Caron, the third-week winner. "I can easily make up the difference by
packing my lunch for work, and every little bit extra you can pay helps
pay down the principal."
Caron, a graduate of Boston University, added this advice for other
students: "Select a loan with interest payments during school. Even
paying a little bit while you're still in school makes a huge difference
in the long run."
This year was the second year of the popular sweepstakes with more than
"Millions of students and college graduates regularly make on-time
student loan payments," said Temeka Easter, director of social media,
Sallie Mae. "Our customers share their personal success stories with us
every day. With this sweepstakes, they were able to share those stories
directly with others."
Join the conversation on how to save, plan and pay for college at Facebook.com/SallieMae
Sallie Mae (NASDAQ:SLM) is the nation's No. 1 financial
services company specializing in education. Whether college is a long
way off or just around the corner, Sallie Mae turns education dreams
into reality for American families, today serving 25 million customers.
With products and services that include Upromise rewards, scholarship
search and planning tools, education loans, insurance, and online
banking, Sallie Mae offers solutions that help families save, plan, and
pay for college. Sallie Mae also provides financial services to hundreds
of college campuses as well as to federal and state governments. Learn
more at SallieMae.com.
Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are
not sponsored by or agencies of the United States of America.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140205006101/en/
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