I stumbled across the 3 Things About Money blog today and I found the author’s post about how she sends micropayments each Friday to Sallie Mae. These payments are made based on whatever she can pull together.
Pulling together one dollar a month extra (204 dollars total over the life of the loan) and paying [...]
So apparently the person in charge of mailing letters with loan payoff amounts to consolidation companies is different form the person in charge of sending them to individuals. In yesterday’s mail we got Amber’s loan payoff amounts for federal and private, valid for 10 days. Now we need to call AES and Wells Fargo and [...]
Sallie Mae recently pledged 1 million towards programs and agencies in Texas to increase college attendance in the state. They will partner with various groups to give grants and scholarships to students in order to boost college attendance.
This is great and all however, 1 million won’t put many students through school without leaving a [...]
After talking with a Lawyer who thinks Sallie Mae is trying to hold our loans captive, he asked for us to call Sallie Mae and request the payoff amounts in order to pass them along to Wells Fargo and AES via him.
Amber called Sallie Mae tonite with much dismay and spoke to Ken. He said [...]
I just got off the phone with a representative for WTOL’s Call for Action Center. They gave me some advice and will check back next week to see what is happening.
My next step is to contact my congressman, Mike Oxley, and ask for his assistance.
After that I should involve a lawyer, to communicate with Sallie [...]
A reader sent in his story:
I am currently dealing with the relentlessness of Sallie Mae, much to my frustration. When you tell them you can’t afford payments, and request forbearances, they ask you for more money. Ummm, I thought that was the point of a FORBEARANCE. Just a couple of weeks ago, they threatened [...]
I just came across this press release from last May from Sallie Mae, urging students to check out the company they are going to consolidate to. The presence of borrower benefits can greatly affect the overall payment. The underlying tone of the article is that some companies are unscrupulous and may do [...]
After all of the problems we have experienced and are continueing to experience I sent the following letter to WTOL Call for Action.
Hello,
For over a year my wife has been trying to consolidate our federal loans away from Sallie Mae in order to take advantage of a lower interest rate. Sallie Mae has refused on [...]
My wife is on the phone with Sallie Mae right now because they will not send her payoff amount to Wells Fargo. Again we cannot have anyone be in charge so each time we call we get a new rep who gets the whole story.
The rep (female no name recorded) just told my wife [...]
Sallie Mae is truly evil incarnate! Not only will they not release payoff amounts for our private loans. After we initiated the process Sallie Mae called us and warned us that some companies try to scam student loan borrowers by pretending to consolidate and did we really want to leave the hell hole of a [...]
