Entries Tagged as 'Sallie Mae'

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 [...]

Saturday, March 24th, 2007

Sallie Mae Can Mail Letters Afterall, Just not to companies!

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 [...]

Saturday, March 24th, 2007

Sallie Mae Donates 1 Million To Encourage Students to Go To College

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 [...]

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 [...]

Wednesday, March 14th, 2007

Sallie Mae Doesn’t Allow Consolidation To Wells Fargo

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 [...]

Wednesday, March 14th, 2007

Private Loan Consolidation Update

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 [...]

Sunday, March 4th, 2007

Bypass The Phone System at Sallie Mae

I found this information earlier today.  You can use it to get to a rep quicker next time you call Sallie Mae.
Sallie Mae - Student Loans 888-272-5543 Don’t speak or enter anything and you will be transferred to an agent.
Sallie Mae 888-272-5543 Press 00 at each prompt.
Via GetHuman

Sunday, March 4th, 2007

Sallie Mae Screws Another

Reader Email:
I feel your pain in dealing with slm.In Nov my wife and I filed chapter 7.We did not file on my slm loan since me and my lawyer thought that I could not file on a student loan  (WRONG).Just so happens that the career loan I had you can file on.So when they got [...]

Sunday, February 25th, 2007

Open Letter to Thomas Fitzpatrick

Thomas Fitzpatrick
c/o Sallie Mae
11600 Sallie Mae Dr
Reston, VA 20190
Thomas Fitzpatrick,
This letter is in response to my wife’s federal loans which your company is currently holding. These three loans are part of a group of loans which we had filed for consolidation in October 2005 and included all of our federal loans. [...]

Tuesday, February 13th, 2007

Sallie Mae Chair Sells 1/3rd of His Stock Just In Time

Albert Lord, Chairman of Sallie Mae unloaded a third of his stock in Sallie Mae just before a news came of cuts from the federal government.  He sold 18.3 million dollars worth of stock, roughly 23% of the company.  A company spokesman said the sale had been planned for weeks but One can’t help and [...]