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SallieMaae / Unfair Interest rate

1 PO Box 9640WilkesBarre, PA, United States Review updated:
Contact information:
Phone: 888-272-543

I would like to know how a private loan company can charge such a tremendous amount of interest on a school loan. Loan# l is 8.5% and for the second year, it is 11.75. We had no choice in getting this loan as the school recommended, as that is who they dealt with. My son and I will never get this paid off, so we had to go to the bank to get a loan to pay this high interest and fees paid off. Everyone I have told about this, can not believe this has happened to us and that a company can get away with charging such a high rate to pay off a school loan. I know you probably can not help in this situation, but I want others to know what a horrible experience you will have getting a loan from Sallie Mae.

Apr 2, 2013
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  • Ro
      2nd of Apr, 2013
    0 Votes

    Thank your local congressman. This is what you get for sending the same criminals back to Washington year after year.

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