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Salle Mae / student loan

1 United States Review updated:

Salle Mae is really a lousy organization. I was the cosigner for my friend’s Salle Mae loan. My friend had made 24 payments on time. I doubled check with TransUnion report and it clearly indicates that there was no late payment.
According to the contract by Salle Mae. I should be released from the loan contract. For some strange reasons, my friend and I have made several request to Salle Mae to release me from the contract, Salle Mae would not compliance. Also, my friend should be eligible for forbearance due to his financial hardship. One customer service rep. granted ok to him and my friend has paid $40 for forbearance process fee. Later he got the letter from Salle Mae and told him that he was not eligible for forbearance. My friend was really angry and called Salle Mae. They kept bouncing phone around and pretended didn’t know what was going on. (a typical scheme by Salle Mae.)
They keep calling me and my friend and try to threaten us continuously times to pay back the loan. I don’t really know what to do. The economy has been very bad and life has been rough for me and my friend. We are just trying to survive. I am not trying to criticize Salle Mae but they have made life tough for my friend and other students. I have heard that many students are being taken advantaged by Salle Mae with matters similar to ours.

Bo
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Comments

  • Sw
      10th of Nov, 2010
    0 Votes
    Salle Mae - Corrupt
    Salle Mae
    United States
    salliemae.com

    So, my wife has several small student loans from Sallie Mae because her school decided to take a new loan out every quarter. No biggie... right... wrong. Now my wife has been out of school for over a year now and we are still trying to get those loans consolidated. We were first told about three months ago that they would be start offering consolidation again in September. We called in September. We were then told to call back in two weeks. We called back and then they told us to call back in middle October. So we called in October and they said call back in early November. After much frustration, we decided to call one last time but this time they were officially offering consolidation. Sounds great... WRONG... they decided to inform us now after four phone calls that they are only offering consolidation to people who attend state schools and not private schools (which was what my wife attended). Now instead of getting relief from 17 student loans totaling 900$ a month we are left with no help what-so-ever. Thanks Sallie Mae!!!

    For all those who have Sallie Mae loans they are offering student consolidation to anyone who went to a state school. For everyone else, we are being discriminated.

    Oh and one last thing Sallie Mae costumer service decided to inform us by accident that they are not advertising their so-called consolidation. So if you want to know, you will have to ask.

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