We have recently received word that we are approved for a private loan consolidation with Wells Fargo. We will be filing the paperwork very soon and I am anxious to see how Sallie Mae handles this latest request for consolidation. I will be posting the ongoing status of the private loan consolidation as [...]
Arrow Financial Services, a company owned by lending giant Sallie Mae is being charged in Illinois with aggressive collection tactics. The Chicago Sun Times reports on the allegations:
The suit alleges that Arrow engaged in such practices as trying to collect debts that have been discharged in bankruptcy, using profanity, and withdrawing money without authorization [...]
The Young Democrats of America has put together a SMS petition for constituents to show their support for HR 5, the bill to lower interest rates on federal student loans. You can sign the petition by doing the following.
Get your friends to text COLLEGE to 35328 to urge Congress to cut college loan interest [...]
The Daily Texan, the student newspaper at the University of Texas published an article which highlights the current loan bill being floated around Washington. The bill which met great success in the house this week would cut Subsidized Federal Loan interest rates to 3.4% by 2011. Unfortunately the article states that President Bush [...]
Sallie Mae recently announced its 4th Quarter results which contain some interesting information. The biggest news is that Sallie Mae had a 96% drop in profits for the fourth quarter. The drop in profits however does not relate to the actual core business which is made up of the loans it manages. The loss was [...]
On February 1st, 2006 AES first received our “Request to Add Loans to a Federal Consolidation Loan”. Once they received the paperwork they sent a request for a Payoff amount to Sallie Mae. I started calling AES and Sallie Mae shortly after this to determine the status of our loan consolidation. [...]
While you are scraping along eating Ramen so you could afford to make that one pleasure purchase after graduation the heads of Sallie Mae are raking in the cash. Check out the salary info for the top officers at SLM Corp. Granted managing the assets of such a mammoth company is quite the [...]
Starting off with some background. My wife and I both attended a small liberal arts university in Ohio, we graduated with a significant amount of loans despite parental help and working while we attended. Suffice to say we had maxed out our federal loans and extended into the realm of private education loans. [...]
Sallie Mae is located at
11600 Sallie Mae Dr
Reston, VA 20190
And can be reached at this number.
(703) 810-3000
Next week I plan on trying to get in touch with Thomas Fitzpatrick the current CEO. Feel free to chat with him and express your concerns after learning more about our situation.
After close to a year of waiting for Sallie Mae to transfer my wife’s loans to AES along with the rest of our federal college loans without success I have decided to share the experience with the public.
What I hope this will accomplish
Sallie Mae will accept a Loan Verification Form and Pass along a Final [...]
