Entries Tagged as 'Loan Advice'

Sunday, March 25th, 2007

Make Micropayments to Sallie Mae: Get Out of Debt

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 [...]

Monday, March 19th, 2007

Sallie Mae Cautions Students on Selecting a Consolidation Company

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 [...]

Friday, January 26th, 2007

The Private Loan Consolidation Begins

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 [...]

Friday, January 26th, 2007

Sallie Mae Subsidary Linked to Aggressive Collection Tactics

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 [...]

Tuesday, January 23rd, 2007

Young Democrats HR 5 Student Loan Interest Rate SMS Petition

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 [...]

Tuesday, January 23rd, 2007

Sallie Mae’s Guaranteed Interest Rate!

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 [...]