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Sallie Mae Bank review: Student loans 52

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5:40 pm EST
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I have to say I am right there with all of you guys as well as far as sallie mae (the wicked) goes. I have been dealing with them 6 months after I graduated in 2004 it is now 2009 and I still have not come to any kind of agreement with them. I have used up all of my forbearance (which cost me $150, every 6 months, that does not go toward my loans or interest ) which kills me! Therefore, I have given up and said to hell with SM and my credit there is nothing else I can do since they are not willing to work with people.

They will not consolidate my private loans to lower the interest since they put a freeze on that, unknown to me, until I called trying to do it. But even before they put a freeze on it they would not consolidate them for many other reasons that of course were ### reasons. when in fact they are just doing these things to keep taking on interest. which is so backwards to me because why do you keep screwing someone when you know they can't pay you in the first place? I hate SM! and if I was a computer hacker I would go in and delete everyone's debt! But I am not so what the hell are we all suppose to do about this huge cloud hanging over us?

If there is indeed a lawsuit I am in so please let me know if there is. Oh by the way are there people out there who did not even realize when they were taking out these loans that they were private? and know about all the issues that come with private loans? my school has a class action lawsuit against it right now for misguiding students about all of this. Schools really need to have a course that every student has to take to learn about student loans before they take any loans out. Because the student loan world has it's own language that we all do not speak so we all end up in this situation. But then again if there was a course the recruiters or so called guidance counselors would not get bonuses for signing students up for loans. It's all a twisted ball of ### and we are the ones who get ### on over and over again!

Update by monie
Feb 24, 2009 8:33 am EST

I have contacted this website in regard to SM. I wish for all who are serious about doing something to fight against this unfair treatment by the student loan corporations and the schools (who are in on it as well there is a class action lawsuit against the school I went to for this very reason and others) to go to this website http://www.stop-student-loan-collection.com if anyone finds any other things we can do please let me know. Please contact me anyway so we can plan more things to do against SM.

Resolved

The complaint has been investigated and resolved to the customer’s satisfaction.

52 comments
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co-signed my last loan
, US
Dec 10, 2010 7:30 am EST

I co-signed a student loan for one term of my son's education. He was able to finance the balance of his student loans on his own. Unfortunately he has not been making payments on any of his loans. When I realized this, I took over the payments on my co-signed loan only. I have the payments set up to pay automatically from my credit union. Although the reps at Sallie Mae were adamant that I needed to set the payments up through them. I refuse to allow a lender to have access to debit my bank accounts, when they cannot manage to properly post the payments. I send my payments to the address they designated for payments from co-signers. Several months ago I began getting harrassing calls, then an invoice came showing that no payments had been applied for several months. In reviewing my records I showed that I should have been at least one payment ahead. When I called their customer service line, after several failed attempts to navigate the barrage of questions and button pushing to finally get a live person, they were rude. I tried to explain that I was calling to complain that my payments were mis-applied and was told that the account was seriously past due and I would need to set up a payment. I explained that my payments are electronically transferred through bill pay with my credit union. The response was then I should double check with them. I gave dates and payment amounts and was informed that those payments were not found. I asked if the payments had been posted to the loan that I had not co-signed. The response was that I did not have authorization to receive that information. Finally out of frustration, I requested a full payment history so that I could file a formal complaint under the fair credit reporting act. That got her attention, she finally found her polite voice.
A week later with my payment history and credit union payments seriously not matching, I faxed my complaint and request for research to correct all of the mis-applied payments. Thinking that it was taken care of and someone would finally correct the account, I deglected to follow-up with a telephone call. The following month another Invoice showing that may payment had not been applied. This time the telephone call escalated to supervisor, when the customer service rep began berating me with the need to set up payments with them since my account was seriously past due. In my review of the payment history I should have been paid ahead several months. The supervisor did listen and patiently went over each mis-applied payment. He also asked that I add the notation "loan 1 only" to the memo line on the credit union payments. I followed-up several days later to confirm that the account was corrected. I also confirmed that the memo line was amended for all future payments.
Today 12/9/10; I received another Invoice showing that there has not been any payments recieved since 8/19/10. When I called, the customer service rep began the usual practice of treatment for delinquent loans. I explained that I was calling to register a complaint for three mis-applied payments. She continued to request that I set up a payment because my account was seriously delinquent. I interrupted her and asked if she had heard what I said about calling to have Sallie Mae review my account and locate the missing payments. Her response was "ma'am did I interrupt you when you were speaking?" My response, get your supervisor because apparently you are not understanding what I am calling for. I have made my payments and once again Sallie Mae has mis-applied the payments. I said this is not the first time this has happened, if you will review the payments for my sons un-co-signed loan you will find the missing payments. She continued to argue, I demanded a supervisor because apparently this was beyond her ability to rectify. She transferred me to an unworking number with sallie mae and the line went dead.
I called right back, the next customer service rep listened and agreed that I would need to talk to a supervisor. The supervisor answered, took the basic information along with the payment dates and amounts that were mis-applied, said hold please, then the line went dead. I called right back and was informed by the telephone auto-attendent that the office was now closed.
I am so frustrated, with the incompetence of the handling of my payments. Why do they have a separate address for payments from co-signers if they arbitrarily post the payments to another past due account, when the intended loan is current.

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josephine murphy
Sayville, US
Apr 20, 2009 4:55 pm EDT

I made the mistake of paying one month ahead for my education loans. I have requested a printout of my payments that I Ihave made in the past year. I was promised three weeks ago that they would do so. I now have received a notice that I am 21 days late on my last months payment. when I called again, they told me this is against the CEO's policy and I cannot obtain a printout. I requested a supervisor and was put on hold for a half hour. I finally spoke to someone who I did not understand (these peopole must be based overseas) and still got no satisfaction. I called my Congressman who faxed me a release statement so they can contact Sallie Mae. I am not hopeful. Is there an agency/newspaper/magazine out there that will take my story. I have a file two inches thick with calls that have gotten me nowhere. I believe that they do this on purpose. What I really would like to do is pay off these people but I am afraid that I will be taken to the store with incorrect/lost/misplaced payments, etc. Help! P.s. I don't believe that these people are based in Wilkes Barre, Pa.

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brad alan toms
,
Oct 11, 2008 10:58 am EDT

I was told i was approved for a salli mae loan and directed to go to the oklahoma college of construction on 9/15/08 .when i arrived the college told me that the paperwork was drawn up with the wrong date on it so the college sent it back it is 10/11/08 today and i havent seen a single document nor have any food now scince the loan had my cost of living included in it. i am doing very good at school holding a 90 percentile or above on all subjects. sallie mae has made my life very difficult there lack of concern is unforgivable. i have sent this complaint in an effort to rectify my situation.

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Wabban
, US
Jul 29, 2016 3:28 am EDT

Sallie Mae refuses to provide accountability on loan - double talk and strong arm tactics has been the mode.

Over the course of four months Sallie mae representatives have refused to provide a written accountability of nthe account.

On line access has been a mess.

The reps are well trained to manage difficult situations by ignoring information provided, long wait times, no follow through and passing issues along. Finding someone in the chain of authority ends up with long wait times and as often as not s call that dies because no one picks up the cal;l.

It is clealy the "gang that cannot shoot straight".

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Brandonk
Simi , US
Jul 29, 2016 3:28 am EDT
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I went to a private college when times were good. People were getting jobs, and it actually mattered to employers what the quality of education you got was. My parent's made enough that the government wouldn't give me anything, so I had to borrow what I couldn't work off, which was very little. Oh, I couldn't get a cosigner. Sallie Mae was the only place I could get the money. Fast forward, I am in the ranks of thousands others vying for jobs, and overqualified for most of the jobs open. I have a now useless degree, a house worth of debt, and no income.

I have been taking random jobs here and there and living from place to place. I talked to Sallie Mae today and told them that I'm doing everything I can to put gas in the car, and food on the table. I might be able to scrape up $200/month, but thats certainly all in my current situation. The person I was talking to talked to his supervisor and came back with a base offer of $400/month. He said that was the very least he could possibly charge me, and that it was paying on the interest only. I told him without a solid income there was no way I could possibly pay that much. His advice, learn to live with late charges and delinquency. That is the extent that Sallie Mae will help.

My advice to students, stay away from Sallie Mae at all costs. They will only talk to you if you are late on a payment, they are rude, half the time you talk to someone in India that doesn't understand english, and the best they can do for you in tough times is a hearty "good luck".

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Brenda Calloway
,
Jul 29, 2016 3:28 am EDT

Sallie Mae representatives or very rude and obnoxious when you try to discuss your bill with them. I have had them to also mess my account up. Unable to communicate with you professionally. Awful service. I will report them to better business bureau. I will never deal with this company again. It is also a terrible problem trying to reach anyone on there phone.

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Walker52
Toms River, US
Jul 29, 2016 3:28 am EDT
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Sallie Mae lies and extorts people in a manner that makes the mafia look like amateurs! My son has a huge debt with them due to student loans, years ago I tried to help him by co-signing for a loan consolidation. Worst mistake I ever made! Avoid them like the plague! They bounce you around different operators until either you give up or they disconnect you. I cannot count the hours we spent trying to get someone on the phone that a) has a brain, b) speaks English, c) can help in someway. The last straw was when we agreed to a discounted payment schedule for 12 months, which they said would be renewable if the payments were on time. We also wanted to meet their criteria for payments on schedule to get me off the account as a co signer. Well, a year comes and goes, every payment is paid either on time or early, we get letters congrats ! you have made 12 months of payments on time. The new payment schedule will be mailed ..Well, of course it never was, the online account NEVER showed ANY changes, then my son gets a letter that he is in default ?!?!?!? It's my opinion Sallie Mae deliberately sabotaged us so the account would go back into default, also stopping me from being removed from the account. When we called them about this, they flat out LIED about the program, saying it was a 15 month program ?!?! Yet I have letters proving it was a 12 month program. Despite finally getting one person on the phone that attempted to help, we were told nothing can be done ! What kind of extortion and lies these slimy people use is amazing ! Apparently they are accountable to nobody! So despite us STILL making regular payments, the account remains in default (late payments) destroying our credit. This organization should be abolished, they should ALL be put in jail!

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thunderdominator
Austin, US
Jul 29, 2016 3:28 am EDT
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Pay us your money and just go away. That's what one of their senior managers told me when I tried to settle my account with them. What a bunch of low life’s. I had to wait until the end of the month to pay them because that's when I got paid. I called Sallie Mae's toll free number on Saturday [protected]) but the offices were closed. Call that Monday, and was told that I could not settle on our original agree terms because it was too late. Told them I tried to call but their offices were close (I have phone records to prove it). The manager (his name is Jeremy) said that’s not true and they were open. The number I should have called was [protected]. How the “h*#%” was I supposed to know. It’s best that you STAY AWAY for this company. Something wrong with their business plan (I think that’s why the dept. of educations is taking over all their loans. The government has figured out that their incompetent).

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Margaret Cantu
Upland, US
Jul 29, 2016 3:28 am EDT

I am a cosigner on my sons Sallie Mae private loans. I have been making regular payment and paying off when I have the money. In March I made 4 payments at once in hopes of getting ahead. Instead they applied the money to my loans very randomly. I called them 3 different times and each time I called I would go back into the web site and the payment application changed - some loans got interest only some got principal only. It's crazy! The last time I called I spoke with a supervisor who assured me she would call me back within 48 hours. She never did. I have now email them twice and still have heard nothing. I am continuing to make payments on time as if I never made extra payments in the first place. I have not clue and not recourse.

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Schneck
, US
Jul 29, 2016 3:28 am EDT

Sallie Mae has the worst interactive website I have ever seen. Every time I log-in I have to reset my password. No, not due to early onset alzheimers, but due to the password simply not working. (A ploy to rack up late fees? Perhaps.)

The most recent example: I changed my password yesterday, wrote down both my ID and password, and today I cannot log on. Additionally, customer service calls are forwarded to Bangalor.

I'm switching back to paper statements. I hate to waste paper, but I simply cannot manage my loan repayments in the dark.

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Denny Atwood
Trivoli, US
Jul 29, 2016 3:28 am EDT

never never ever PLS for your own sake get any kind of loan with Sallie Mae
think, , , , , before you do.. they have taken my live with 452.00 a month wage garner
with not even gving me a chance. I now will lose my house, car, job, and life .
these are the same people all of our tax dollars bailed out, very very ruthless bank.

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J Bz
, US
Feb 22, 2016 4:16 pm EST
Verified customer This comment was posted by a verified customer. Learn more

I attended WW College Online for Graphic Design from Aug 2008 to Oct 2010 and am paying Sallie Mae in the amount of 59, 000 12, 000 in Private and 46, 000 in Fed for an Associates Degree that is Not accredited anywhere. I was also promised job placement- the school is in Colorado and I am in Ohio so that didn't work out! the financial burden is unbelievable for a piece of paper that is nothing more than burning material I also was scammed in a consolidation program because i am so drained to get this paid that I don't know what else to do lose my house?

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zofiacrna
Southwi, US
Apr 26, 2010 7:33 am EDT

I HAVE BEEN PAYING MY STUDENT LOANS FOR 3 YEARS NOW AND THE AMOUNT HAS NOT CHANGED. If anything the amount I owe has increased. I pay an extra on average $500 every month to put toward the principle. One would think you would see the amount decrease. SOMETHING ISN'T RIGHT. I have called and called and called with no reasonable explanations. I get people who have no clue what they are talking about and just tell you what you want to hear and don't care. Being a post graduate student, I have multiple private loans. All are reasonable interest rates except 1 which is 9%! I asked sallie mae to apply the extra money to this loan obviously. Every month they apply it to the loan with the lowest interest rate. EVERY month I have to contact them to reapply it to the loan with the higher interest. IT'S UNBELIEVABLE. They obviously are trying to make the most money out of me. WHY DO I HAVE TO ASK EVERY MONTH TO APPLY THE ADDITIONAL MONEY TO THE LOAN WITH THE HIGHER INTEREST?

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afoxscreamitout
Canton, US
Jun 07, 2010 2:55 pm EDT

For anyone that is trying to get a student loan at the moment, I need to warn you before you attempt to get a loan from Sallie Mae. I took out a loan beginning of 2009 for my third year of college. It was originally for $17, 000 but I took off the second semester and returned the extra $8500 I had received from Sallie Mae.

Before I took off, I called Sallie Mae to tell them not to disperse the second half of my loan. They told me that they would not disperse it, but what did they do... THEY DISPERSED IT ANYWAY! So I had to call them and tell them off for that.

Then, when you are officially withdrawn from a school, you have 6 months of extra deferment before your loans come due. (This varies from loan provider to loan provider, but Sallie Mae DOES give you 6 months.) Within the first month I was not in school... Sallie Mae sent me a bill to collect my loan payment... AND it wasn't just for the $8500 that I now owed them... it was on the ORIGINAL $17, 000 loan. LOOKS LIKE I HAD TO CALL AGAIN! So I called them back, got someone that didn't speak English, then got another person that tried to tell me I still owed the $17, 000, yet it was posted that I returned $8500 already. At this point I am PISSED! I finally get that under control.

Now just today... I go online to check all my loan information on the website... Well, according to the Sallie Mae website, my user name and password are incorrect (yet I have the information written down, and they are not incorrect). So I try to find my username and apparently now my SS # doesn't match my birthday nor does my account number. LOOKS LIKE I CALL THEM AGAIN! What does the lady do? Deletes my account so that I can make a new one... well that's not easy is it! I go to make a new one. It refuses to let me make a new account. It takes me an extra 40 minutes to speak with another representative, and then I get declined to speak to a supervisor.

SALLIE MAE IS THE WORST! Unless you REEEEAAAALLLYYY have to... DO NOT borrow from them. They over charge in interest... they don't have anything straight. They are horrible at helping and they definitely don't listen. Trust me... there are easier ways!

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ForPetesSake
, CA
Jul 29, 2016 3:28 am EDT

That is not how a loan works.
Banks make money off the interest, so if they let people pay extra and get out of their loan early, the bank makes less money off the loan.

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Reliable Chick
Stafford, US
Jul 29, 2016 3:28 am EDT
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Do not listen to this student loans are never forgiven. ..theyll takeyour taxes

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EP Smith
Kinston, US
Sep 11, 2012 12:14 pm EDT

I am a cancer patient. I took out a career training loan with Sallie Mae because I wanted to finish and get my degree. The loan is for $4600.00 with a 9.25% interest rate. My dad cosigned due to me not having very good credit. My payments are $58.00 a month due the 25th of every month. I have made my payments on time. My mom and dad have even made payments for me due to my situation. They paid a few months in advance and still SM takes $20.00 of every payment and puts toward a late penalty. I owe $4500.00 as of today. How is that possible. These people are loan sharks and should not be allowed to prey on people who just want to better themselves. Something needs to be done. I receive 8 phone calls per day, 10 days prior to my payment coming due. When I questioned them I was told that they can contact you 8 times per day per phone number they have on file and that it is not considered harassment. My dad wants to come off the loan but was told that will never happen by someone with SM. I was told that if I made 24 consecutive payments on time with no late penalty applied then I could have him removed. Well that will never happen if they keep taking $20.00 from my payment every time and apply it as a late penalty.

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mossberg
summerville, US
Jun 08, 2011 6:18 pm EDT

These sc@m artist worthless no good disease infested fu@k heads need to burn in he@l, IF YOU ARE LOOKING TO BORROW MONEY DO NOT BORRO2 MONEY FRON THEM YOU WILL PAY FOR THE REST OF YOUR EXISTANCE! AND THEN SOME!SOMEBODY NEEDS TO TRY THE BETTER BUISNESS BUREA AND SEE WHAT THEY SAY!OH YA AND YOUR INTEREST RATE WILL VARY DEPENDING ON WHERE THEY WANT IT TO BE, SO MY PAYMENT WILL VARY DEPENDING ON MY INTEREST RATE!THEY ARE A JOKE BE ADVISED DO NOT FALL INTO IT IF ITS NOT TO LATE, WISH ID OF READ THIS PRIOR!SCAM, SCAM, SCAM, SCAM, SCAM, SCAM, SCAM, SCAM!

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mossberg
summerville, US
Jun 08, 2011 5:56 pm EDT

Hello after reading all these posts and realizing that Im not the only one getting bent over and DRY FU@#ED by these worthless ### that Id post my story to! In 2007 I attended The Associated Training School in Columbus Oh for heavy equipment. I borrowed 13, 000 dollars, after paying my payment of 220.00 per month up untill this date I now owe 15, 785 dollars! I called the [censored] bags on the phone and asked what the h@ll was going on and they told me that I've only been paying the interest on the loan from day one! My response to that was you will get no more money from me anymore ! there answer to that was they would have it taken out of my pay check and or my taxes at the end of the year! as of now I;ve paid them around ten thousand dollas and owe them more than my orig loan amount! They can go get fu@@ed there not getting anymore money from me! fu@@ you!

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BSNICKS
Chandler, US
Mar 01, 2011 6:53 pm EST

My wife and I both have student loans. My original loan was $10, 000 which I paid on for several years only to find out that the interest on these loans is compounded qtrly which increases the loan. I’m now in default because I’m unemployed and we lost our home and Sallie Mae defaulted my loan because I could not come up with $1700 to bring it current and $460 per month for payments. My loan has not been sent to Texas Guaranteed who advised that I just need to pay $200 per month and my balance is now $18, 000, if no payment arrangements are made within 30 days they will add 15% to the balance for collection fees and the interest keeps accumulating. My wife had a loan for $7500 which the same issues are going on and the balance is now $33, 000. As far as I’m concerned student loans are legalized loan sharks because they are backed by the government. We wrote our congressman, John McCain, but that did not do any good. When your broke you are broke. They advised my wife that they will start wage garnishment. Go figure so they can take more of what you don’t have.

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tinica
, US
Feb 25, 2011 9:42 pm EST
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I've made payments since 2005 whenever I could, but rarely monthly. Two weeks ago, I answered the phone while house-sitting for my parents - who were not co-signors on my loans. At this point I owe Sallie Mae under $4, 800, in writing, yet they're claiming on the phone that they can sue me for $18, 000. In the written correspondence, it says I have until 3/20/2011 to pay off the rest of my loan - and I think I know a way I can do that. But it seems the practices of Salli Mae are underhanded to say the least - will they still try to sue me anyway?

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Asia Help please!
Hawthorne, US
Jan 12, 2011 2:10 am EST

Im a single mother in serious debt with Sallie Mae and all i ask if anyone can PLEASE HELP ME! I'm trying to work something out where i can repay back that i can really afford each month but Sallie refused to work with me and decided to push it towards a jugement on my LIFE! ONCE AGAIN I'M A SINGLE MOM! TRYING TO MAKE IT PLEASE STOP SALLIE MAE! If anyone no what i can do please email me at asiatunstall@yahoo.com HELP!

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sixdeep357
Springfield, US
Nov 03, 2010 5:50 pm EDT

I hate this company. Same story, outrageous loan amounts for college tuition, no end in sight. Maybe in 50 years I'll be out of debt, or dead, whichever comes first.

Welcome to the American dream.

MeaCulpa
MeaCulpa
, US
Aug 25, 2010 7:18 pm EDT
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I'm not surprised by the practices of this company,
Isn't it sad when programs are started to help the populace
at large, are then privatized and are ( it seems so to me ) sanctioned by the government.

http://en.wikipedia.org/wiki/SLM_Corporation

Loaners and credit cards are the bane of our existence.
They would be sooo screwed if none of us used them, but
that would be the day we all lived within our means.

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un a bomber
tim, US
Jul 09, 2010 10:12 pm EDT

i feel you they are a bunch of crooked fat MONEY pigs and i should be payed off already but there dame 20 dollor late payments @ucks me over ever time. i have a wife and a son and these crooks have drained all my money from me someone needs to make them pay for there greedy nature. i hope the ones in control die of a horrible cancer as they think of how they screwed over so many people. BURN IN HELL SALLIE MAE ! I MEAN THAT ! BURN IN [censor]IN HELL YOU GREEDY [censor]IN [censored]S ! I HATE THERE FRAUD OF A LOAN COMPANY AND THAT FAKE [censor] SCHOOL AS WELL. lucky for me i got out of that westwood school before i ended up with a huge bill from them i must have payed 500 dollors in late payments so far and i am not late! they get there money and my pay check as well. [censor] YOU SALLIE MAE ! I hope a someone blows your building up with all you thieves inside burning alive.

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bg38
Bladenboro, US
Jul 04, 2010 2:20 am EDT
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Ben Gordon I recently had a hearing with GRC concerning a debt they've saddled upon me even tho i've proved time and time again i never agreed to it.

During the hearing where, according to the papers I was sent informing me of the hearing, i was supposed to have a chance to prove my financial hardship . iomagine minimum wage, with one child, and over 1300 a mionth bills not including insurance ( car or otherwise ), gas, food, clothing, medical bills, etc.. .

Anyways, the judge overseeing the case was there at the sallie mae center, and we had it over the phone. Can you believe the woman representing GRC, one L:aurie Greene, claimed to have evidence against me where I'm supposed to have admitted owing them the money. When i aksed what proof, she claimed it was during a phone call with GRC when they called me at home one night around 9 pm.

I asked did they have my voice recorded? she replies ' no' what about my written signature then ? ' No"
well, what proof do you have to anything? " My people wrote notes during the call "

And she neglects to say during said call I informed them I owed no debt, I never saw, read or signed any loan agreement, and when I asked for proof of debt USA Funds sends me a form I have never seen where someone typed my name in the signature box.

plus I had a government wage garnishment already plus on top of that, they kept trying to get me to give them my bank account information to which I steadfastly refused
( partly due to the fact I refuse to hand over any info like that to anyone especially over the phone, and mainly due ti the fact as I have repeatedly stated to them I have no bank account)

She even told the judge a lot of the evidence against me she could not prove.

But here's the kicker..I also have a government wage garnishment against me as well. The judge finds this out and tells Laurie she has to stop all garnishments against me till the government is thru.

So my lawyer asks her to send him a letter regarding that and she agrees, and sends it off right then.

But as I kept providing good solid evidence. the judge instead of rendering his decision then gives me till July 14 th to gather more of my proof.

So payday comes around and I'm feeling a little better since GRC is supposed to stop garnishments according to the judge due to my government issue. I get my paycheck and see they took out the money yet again. i ask the secretary about it and she shows me the letter Laurie Greene sent her.

instead of telling them to stop garnishment as informed by the judge, she sends the letter written in capital letters demanding they keep taking my money even tho i'm below the limit and also being garnished by the government as well. so she lies to me every time we talk and now she lied to the judge as well.

She also claims they're just getting $20 a week even tho I have documented proof they're taking 30 to 40 bucks a week and they only put 80 a month towards the bill they claim I owe. They're refusing to give me a hardship package like they originally promised me when they first started calling me.

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tOO sICK
, US
Jun 23, 2010 10:23 pm EDT

Sallie Mae and the Department of Education rip the disabled folks on Social Security off. They sent my loan forgiveness paper work to India I guess? And my doctor's office after the fourth stupid submission told me he wanted nothing more to do with Sallie Mae and the Department of Education.

I get calls after legal operating hours. Even when I am resting the phone disturb my rest time.

And the U.S. government elected officials just say submit the paperwork again. I will not! I have all the old submissions though: (1) they kept the processing to long that my doctor's license was needing a renewal date. (2) another time the spelling of my doctor's name. (3) my date of the occurrence of sickness started before my visit to my doctor. (4) etc...

I say lawsuits are needed. And a Congressional Hearing should be made into how loans are being forgiven or not by Sallie Mae, the Department of Education, and other agencies.

HELP!

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feldy
chamapign, US
Jun 23, 2010 11:43 am EDT
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Mica1755 go [censor] your self and die a nasty [censor]ing death.

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SassySeaMonkey
Dallas, US
Jun 08, 2010 1:37 am EDT

A simple Google search of the lender would have alerted you to the countless problems that students have experienced with Sallie Mae. At that point, you should have chosen another lender.

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Ling Chi
, US
May 27, 2010 7:26 am EDT
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If you think education is expensive, try ignorance.

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Ling Chi
, US
May 26, 2010 6:51 pm EDT
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Monie (OP),

Why do you think you need to come to some "agreement" with SM? I think that agreement was the loan contract you signed right before you took their money to pay for your degree. Not paying, and worse, telling others not to, is [censor]ed and just shows you wasted your time and your money getting an education when it obviously didn't help. Student loans are not like consumer loans which disappear in 7 years after the last activity - student loans are forever. If you don't want to pay them, then have fun renting for the rest of your life.

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Ling Chi
, US
May 26, 2010 6:45 pm EDT
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xan fails to mention how these other "civilized" countries are paying for these services for their respective citizens. Americans already feel overburdened by taxes, but the way to pay for free tuition, room, and board (and healthcare, etc) is to jack up the tax rate to approximately 50% - it's what Germany does, and that's essentially the utopia you are painting in your responses.

While I do agree that textbook prices are outrageous, I would prefer to attend a school that attempted to use the latest edition of a book as opposed to one from a decade ago. This is not to say that old books are worthless, but there are reasons for updated editions which are not tied only to advances in the field (ie, corrections or additions/deletions of more relevant material).

Xan's assumption that college tuition doesn't cost much is pretty asinine - having viewed the budgets (and yes, the waste) that goes on in higher education, I can attest to why tuition prices are the way they are. For Xan to claim that salaries don't amount to much is the type of thinking that says people should not be paid a working wage. Professors are not the only employees of a university, but they are indeed a large portion of annual budgets (facilities and utilities being the other major budgetary items). In order for universities to attract students, they need good programs, and programs need good professors. To attract good professors, they need to offer competitive salaries and benefits. To support the professors, you need support units - administrative assistants, grounds keepers, maintenance crews, motor pool, IT staff, security/police force, etc.

Xan seems to believe the country has limitless funds (deficit, anyone?) with which to educate its people. While this is an idealistic goal (although very naive), the reality is that this country will not achieve that anytime soon for more reasons than any of us could list.

To hate SM, or any student loan guarantor, for giving students the opportunity gain an education is pretty dumb. The people who aren't paying these loans back are the same ones who are probably defaulting on other loans, partied too much in school, or worse - majored in the wrong degree. You blame SM for people being ripped off, however I blame the kids who decided to get an "easy" degree (ie, English) when tuition was $20k/yr. Failing to determine basic ROI is not SM's fault - take some personal responsibility.

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xanxxx
los angeles, US
May 26, 2010 4:39 pm EDT
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No, we don't hate America, we want to make changes in America. Hating the establishment that exploits others doesn't' equate to hating "America"--we love America and believe that this country shouldn't' be based on Greed.
Why do you think America imports so many engineers and other professionals from countries where education is free and why most higher education students of outside countries come better prepared? Because American own ed. system can not produced them, despite its high costs. Student loans is nothing but a [censor] run by corrupt and greedy subset of American people who are holding only their benefits (that they mostly had been born into)>

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xanxxx
los angeles, US
May 26, 2010 4:33 pm EDT
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Lol, a "lawyer" with a little (we all know what) wenting out here cause he haven't gotten laid in a loooong time (all the money, lawyer-leech, can't help you to get that, don't they?)...or--I'm starting to think that Mica is another slimy Mae victim just trying to cause more hatred to SM, no? :]] You're doing a good job... not bad.

Loan sharks like [censored] Mae make tons and tons of money off former students, sucking every last drop out--they blow up "fees", etc until eventually they either suck person's life dry OR get all the money from the guarantor--the feds--SM is interested in letting the payoff amount grow as much as possible because they know they're getting all the money from the guarantor eventually.

In a civilized country, all education is free--because education doesn't cost much at all. (I'm a child of former professors of one of the top technical universities in the world and I know very well how much cost education involves). The ripoff/scams such as new edition of textbooks sold for $200 and more (come on, how much new discoveries had been made in Physics during recent months that warrant changing a textbook?) are only to help "educational mafia" consisting of leeches feeding off US educational system. Professor salaries don't consume that much money and building maintenance cost nothing compared to the costs associated with the war or waste pools of money in the pockets of the wealthy. All over the world, higher education of much better quality than American is financed at the small fraction of what Americans are supposedly paying for their education.
Education much be free, not only that, student dorms and food must be free as well (while the change should be made to make student cafeterias serve healthy meals, versus being restaurant-like establishments serving unhealthy junk poisoned with chemicals)

So, Mica, SM and corrupt government, my final response is: S$CK IT DRY, like ya trying to anyway.

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xanxxx
los angeles, US
May 26, 2010 4:20 pm EDT
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Mica, go get that gun, sc$m and blow your evil head off

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xanxxx
los angeles, US
May 26, 2010 4:20 pm EDT
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Slimy Mae trolls here (Mica and your owner SM), DIE, GO OFF THE FACE OF EARTH. It's only a matter of time before SM and the entire corrupted system are wiped out, too bad it's going to ruin some lives in the meanwhile.

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xanxxx
los angeles, US
May 25, 2010 9:37 pm EDT
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Hehehe, Demopoly--we are on the same page ;]] you're good. :]]]]]

1) American government is a system of oppression of "poor people" and "middle class" (aka corporate cattle) by the wealthy elite. While civilized countries offer free college and university education, United States wild capitalist establishment makes sure kids of not very well to do families are ripped off when they try to go to school. THIS IS DONE TO MAINTAIN UNFAIR SOCIAL ORDER.

2) Organizations like loan servicers (aka Slimy Mae) make tons of money out of ripoff ans scams such as "career schools" (ITT, etc, etc) where people are charged large amounts of money for fake education--the said people are mostly vulnerable and gullible minority kids from underprivileged environments (ghettos) who don't even understand the trickery of financial crooks, sign papers with "fine print" and get in debt for dozens of thousands of dollars for substandard instruction fradulently called "education"--they never get professional jobs and are stuck in debt, while organizations like Slimy Mae get fat. I can't count how many people I saved from having "career colleges" ruin their life--becauase the naivete that exist in population is amazing.

EDUCATION MUST BE FREE. US GOVERNMENT DOESN'T HAVE MONEY FOR THAT? COUGH IT US, WALL STREET AND OTHER FAT CATS, COUGH IT UP--I REALLY THINK MOST OF THESE PEOPLE BELONG IN JAIL.

And to "Mica" (who's working for Slimy Mae, probably)--the "Lord" will spit those like you--straight into Hell because it was said that, ya know.. it's easier for a camel to go through the eye of a needle

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Ling Chi
, US
May 25, 2010 7:14 pm EDT
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Haha, let me sign all these papers so I can get money and piss it away on a cosmetology degree! How [censor]ed can you be? For the teacher - had you kept up your payments for ten straight years, you could have had loan repayment because you are in public service. Dumb of you not to read your paperwork, or do some research.

The rest of you - pay your bills, then tell your kids to get degrees that will actually pay the loans instead of something stupid like an English degree because you have dreams of being a writer (a PhD in English will get you $45k in academia, if you're lucky). The "do what you love" advice given to high school grads is just setting them up for failure - find a marketable degree with the potential for a lucrative career, and use the money to do what you love.

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ashirley1
State College, US
May 25, 2010 3:14 pm EDT
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Sallie Mae sucks. They applied funds from someone else's bank account to my loan repayment (not that that is easy to track down since you can't find any of that info online!) and they aren't being helpful in fixing it!

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unkwn24
winchester, US
Mar 18, 2010 10:08 am EDT

oooh yeah thats really smart, default on the loans then you can pay the additonal 25% thats added on to your loan, ruin your credit, AND get your tax checks taken and your wages garnished...sounds like a genius plan...

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