Sallie Mae Bank review: Student loans 52

I was told i was approved for a salli mae loan and directed to go to the oklahoma college of construction on 9/15/08 .when i arrived the college told me that the paperwork was drawn up with the wrong date on it so the college sent it back it is 10/11/08 today and i havent seen a single document nor have any food now scince the loan had my cost of living included in it. i am doing very good at school holding a 90 percentile or above on all subjects. sallie mae has made my life very difficult there lack of concern is unforgivable. i have sent this complaint in an effort to rectify my situation.

Oh man, I want to sue the pants off these guys!
I enrolled and attended Sullivan college for 1 semester. The financial aid guy told me all my paperwork and everything went through, it was all fine. At the end of that semester, they witheld my grades. When I asked what the prob was, they said my loan was rejected. They wanted a co signer. After 5 co sign attempts, they kicked me out of school.
Now, I have the school calling me every day wanting $3500 and Sallae Mae calling wanting $4500!
If my loan didn't go through, why the hell do I owe anything?
It's all a huge scam!
I'd like to get us all together and sue the ### outta them. They did this to 4 other people I know too!
I just can't believe it, I'm screwed.

I am right there with you. I graduated 12.20.08 and my loans went to repayment as of 12/16/08. I get 8 calls a day from SM from different numbers. Every time i speak with a rep. I get a difference answer and i have to explain my issue all over again. I have asked to speak with a supervisor, but to this date i have not been able to do. I should be on my grace period. I have SM and the stress they have put on me.

I tried to file for another forebearance because this economy really sucks but the customer service won't give it to me then she transferred me to her supervisor who tried to hustle me for my father and relative's name and information for assurances that I will not default my loans again. I told her my father has liver cancer from working in clothing factories and is on food stamps now. He barely have enough in his savings. I told her no one co-sign my loans, I went to Full Sail University at Winter Park, Florida to get a 2nd BS (boy was the school full of BS) because I wasn't happy with working in temp agencies after getting my first Bachelor. But the woman supervisor wasn't even listening. I told her again my father is on food stamps. And she said, "Did you say uncle gonna help you? And what about your mother and father? $200 from her, $200 from him, and your friends? I need assurance, what are their names, phone numbers and Social Security Numbers?"
I refused to give either, I told her I just needed a few months more forbearance and I am willing to pay another $150 again in money order.
And she asked and yelled in the most demanding and sarcastic way, "Where and who are you getting the money from?" "Hey are you trying to hang up on me?" "Don't you dare hang up on me, we need to talk about it now, not later!"
I told her there is nothing I can do about it now, I am unemployed and I was like fine if you want to put me as delinquent, put me as delinquent. She was shouting at me on the phone and belittling me to make me feel so small.
I also asked if SallieMae has been harassing my next door neighbor whom I barely know, who is not a co-signer. And she just played this sarcastic innocent game denying everything.

I spoke to a friend of mine about it. He pointed out, Sallie Mae is doing something illegal when they call up people who are not your co-signer nor references. That means, they are giving my personal information away all for greed and endangering my identity of being stolen. And technically, my neighbor can sue them for harassment.

He also pointed out, that I should consider calling the Attorney General of my state and Eric Holder and tell them about the illegal practices of Sallie Mae so the government can step in and investigate and hopefully break apart the company or shut it down.

TO EVERYONE WHO IS READING THIS. PLEASE CONTACT YOUR ATTORNEY GENERAL OF YOUR STATE AND ERIC HOLDER IN CONGRESS and register with
www.fbi.gov

I want my apr lowered and I want that company to shut down. I posted up the SallieMae practices and how it work with Full Sail University so closely on cgtalk.com and the school told the administrator to delete the whole article because it was bad for Full Sail University's business. Where is the freedom of speech?

Everyone please contact your state's attorney general and write to congress. No one listens to you if only 1 person complain, but if alot of people complain about the same company, they will look into it. I hope the government can nationalize the banks and force SallieMae to lower the interest rate.

www.fbi.gov

I graduated in 1995. I started teaching full time in 1997, and still teach today. After some irresponsibility by me, and some unfortunate personal setbacks, I have let my loan go into default. After my divorce, I really couldn't afford the repayment. I payed up until my divorce, and used up all my forbearance, which of course ran my total up astronomically. There was nothing that could be done, and finally SM sent my loan to the Department of Ed. I was threatened with many, many letters about garnishing my wages. My initial loan amount when I graduated was $25K, and now, my amount is close to $80K.

Why didn't they garnish my wages way back when, when I was just being irresponsible? Instead, they let it go, and now the loan is more than doubled. Hell, if I couldn't pay it then, what makes anyone think I can pay more than double now? I swear this is a scam.

I know what I have done with this loan is not right. I take responsibility for my inaction's with this loan. I was paying when i was previously married, and then used my divorce as an excuse to forgo my financial responsibilities. I will pay back what I can, and have started doing so. But my question is why didn't they start garnishing a long time ago, and maybe if they did, a lot of this loan would be paid off by now. Hell, i was too irresponsible to pay it, the government or SM should have just started doing it.

I made the mistake of paying one month ahead for my education loans. I have requested a printout of my payments that I Ihave made in the past year. I was promised three weeks ago that they would do so. I now have received a notice that I am 21 days late on my last months payment. when I called again, they told me this is against the CEO's policy and I cannot obtain a printout. I requested a supervisor and was put on hold for a half hour. I finally spoke to someone who I did not understand (these peopole must be based overseas) and still got no satisfaction. I called my Congressman who faxed me a release statement so they can contact Sallie Mae. I am not hopeful. Is there an agency/newspaper/magazine out there that will take my story. I have a file two inches thick with calls that have gotten me nowhere. I believe that they do this on purpose. What I really would like to do is pay off these people but I am afraid that I will be taken to the store with incorrect/lost/misplaced payments, etc. Help! P.s. I don't believe that these people are based in Wilkes Barre, Pa.

Thank you for your post. I'm in the exact same position you are in. If there is a lawsuit, definitely let us know. Sallie Mae is the devil, and Full Sail is in bed with him. I have been doing everything I can to try and afford my loans, when in fact, all that I'm doing is falling further and further into debt. Every time I give them money, I feel I may as well be throwing it into a fire. I graduated Full Sail in 2005 with a loan of about $65k which is now around $90k thanks to the forbearances I've had to file. The money isn't the only problem. Now my credit is totally screwed up, and Sallie Mae won't stop calling and harassing not only myself but my parents too (who have absolutely nothing to do with the loans). They even called me at my place of employment wondering when I was going to pay them. There has to be something we can do to stop this madness.

When I went to LSU for two years, my loan payments after leaving were around $70 a month. I figured after going to a two year technically college, my loan payments wouldn't be any more than a couple hundred dollars a month. To my surprise Sallie Mae was asking me for about $1200 a month. I could buy a home for less than that. Then they 'worked with me' to drop the price so that I was paying only interest (which basically means I would never pay them off) at around $900 a month. How the hell am I supposed to support my wife and three children when I would have to give Sallie Mae this kind of money? The answer is I can't. So far they have not been paid in a very long time, I've cut my phone off, and the only communication I have to the outside world at the moment is my email address. I imagine they will try to sue me at some point, but good luck squeezing blood from this turnip is all I have to say.

I got a "Private Loan" from Sallie Mae in 2006, from a local cosmetology school. The loan was for $12, 000.oo My now husband cosigned for me due to the fact that I was only 18. I was never once under the impression this was a PRIVATE LOAN, if it were stated in the contract it must have been in the smallest print that I couldn't read. After my 1 year of NO PAYMENTS, that I actually paid at least $50.00 towards the loan each month, I started paying the $300.00 payments, when we ran into some financial hardships, we looked to SLM for a Forbearance. We went through the entire process, hand written letters, pay check stubs, and tireless phone calls each day. We couldn't afford to make payments for 6 months, we were under the impression that we had gotten the forbearance because we never heard otherwise, and the associate we dealt with actually told us we were accepted! After 180 days of NO PAYMENTS, the Collections department contacted us, apparently we did not get the forbearance, and had missed 6 months of payments. We were no DELINQUENT, and with a private loan at SLM there is no Re-Financing, no forbearance, or deferred payments. We were so far behind, it was impossible to get ahead. We were able to pay $50.00 each month until they would not allow it. They have recently offered a settlement for $9, 000.00, as if I have that in my checking account ready to hand over. We can't even get a loan for $4, 000.00 to replace out leaking roof! Sallie Mae has ruined our credit and my life! I don't know how we will ever get ahead in this life, when we are paying 23% INTEREST! That should be illegal, and do they really think a Hair Stylist makes enough money to pay $600.00 payments? Get Real!

They need to better explain the terms and conditions of their loans! They are a horrible company!

They need to explain the terms and conditions better... hmm
More like people get a student loan and they don't read the "fine print". Its called a promissary note for a reason. It lists all the specifics related to your loan. I work for SLMA and the type of loan you are referring to doesn't have any loans at 23% interest. The highest career training loan I have seen was 13% INTEREST. Within the last few months we have rolled out different programs. If your loans hasn't defaulted already I would advise you call in and see if your eligible.

SALLIE MAE SUCKS BIG D***! I HATE THAT COMPANY SO MUCH! HOW DO THEY KEEP GETTING AWAY WITH SCREWING PEOPLE OVER. ALSO TO ADD SOMETHING NO ONE HAS TALKED ABOUT YET ABOUT SALLIE MAE. WHY IS IT THAT WHEN YOU CALL THEM YOU ARE TANFERED TO SOMEONE FROM ANOTHER COUNTRY. TALK ABOUT NOT SUPPORTING THERE FELLOW COUNTRY. MAYBE IF THEY GAVE ME A JOB THEN I COULD PAY THEM BUT THEY DECIDE TO TRANFER YOU TO INDIA. HMMMM FU*kED UP!

Ironically, all Universities have a "Grievance Procedure" for students to follow (usually within a specified time frame of 30 days from incident), yet if you follow their own protocol, University Administration doesn't comply with their own procedures. Even though the grievance procedure instructions state that no retaliatory action can take place once the process has begun, the student DOES get retaliated against. Let me explain-first you have to write a letter of your grievance to the Assistant Dean of your Dept. so that hopefully, he can speak to the Dean and resolve the problems. This is where retaliation begins as once you are appointed a meeting time you will face provocation by being given the "run-around"- do this or do that; you haven't done this or that; or you did this or that (accusations). Once you have attempted to get a resolution with the Dept Head (Arts & Sciences, Engineering, HSS, whatever) then the student must continue the Grievance process with the Dean of the University, but unfortunately get the same results. What happens next is that rather than find yourself invited to a "Student Appeal Hearing" to have an unbiased panel of judges (3 staff and 3 students); you will find yourself invited to a "Student Grievance Committee" accused of violating the Student Code of Conduct. Truthfully, in writing, violations of this Code means cheating, stealing tests, taking instructors workbooks, ect. (an OCR complaint would be that "The University failed to make accommodations for your disability that you requested"). Student Code does not mention getting provoked by the Administration for trying to have your student civil rights! What it comes down to is that you better carry a voice recorder and camera at all times to gather evidence to prove the harassment you will receive from the Administration once you voice a grievance against the university...or it's your word against many Professor's words! Let me give an example of why you need a voice recorder or a camera--being called out of the class to be told they have switched you to another course without your permission (Office of Civil Rights tags this violation as "being treated differently than other students"); being told by the Dean of your Dept, "If you don't like it here, then why don't you just go somewhere else; after all you are brain-damaged aren't you?" (OCR complaint that "There was a hostile environment at the University toward you where University staff and professors made fun of you because of your disability"); and how about the Director of Disabilities ordering you out of the office by physical assualt on you-video cameras should be located in this office, but the university claims to not have evidence! Then your documents start missing out of your files that prove you did submit requests for accomodations even though the Director lies about it!

Whatever the outcome is with your "Greivance Procedure" whether for the good or bad; the student can choose to next file an "Appeal with the Federal Dept of ED (listed under Office of Civil Rights on the web-"Grievance Form and Consent Form) NEEDS FILED WITHIN 180 DAYS OF INCIDENT! Be sure to save all documentation, witnesses, evidence, and Proof of Receipt per certified mail. The Dept of Ed will close you case claiming you did not file your appeal in time if you do not have the PROOF OF RECEIPT. Because even though you mail it before the 180 days, they will claim they didn't receive it within the 180 days (but don't expect the same restrictions from themselves because you most likely won't hear from them for a year after persistly sending certified letters, phone calls or emails; only to find out they closed your case)! So far I have done all of the above, but have no money for an attorney to make sure that my Civil Rights Attorney from the Fed Dept of Ed provides the Services promised! A private attorney won't take the case on contingency unless you have all ready done all this civil law yourself for a couple of years while waiting to get some kind of results; an attorney wants you to have already gotten the OCR to find violations against the college.

To sum up this whole process, I will just inform you that complainants (students) must be expected to perform as their own civil law attorney if you aren't rich or cough up the money. You must also be expected to successfully complete a full load of upper course work while working full time as an attorney and corresponding with the Dept of Ed while getting the run-around constantly. The Dept of Ed claims that the university can't retaliate against you during the Federal Appeal process, but let me clarify that so far I and other 3.5 to 4.0 GPA disabled students or Master's program students have already lost our jobs (OCR complaint "I was removed from my job based on my disability"); denied access to our courses; and if reinstated back into the university must endure constant harassment and accusations (so need a support group and constant companion, voice recorder, and camera). You will most likely only get acknowledged or some justice if you are rich or have connections with influencial people for the reason the "Laws are for the poor, but Justice is only for the social elite!"

Even though I offered the Fed Dept of Ed "proof of receipt" of my second Appeal (because the denied the waiver for reconsideration on my first appeal). They are claiming that that one wasn't filed in time and keep shoving the Case # which only applies to my first appeal. When I ask them for the Case # for my second Appeal; I just don't get an answer but advised to go through a Reconsideration for the seocnd appeal which was filed in a timely manner; BUT NOT GIVEN A CASE # for that separate case!

Finally, once I am again denied reconsiderations (without the reasons documented and mailed certified to you as legal documents should be); then you can file a complaint with these Depts:Complaints of title II violations may be filed with the Department of Justice within 180 days of the date of discrimination. In certain situations, cases may be referred to a mediation program sponsored by the Department. The Department may bring a lawsuit where it has investigated a matter and has been unable to resolve violations. For more information, contact:

U.S. Department of Justice
Civil Rights Division
950 Pennsylvania Avenue, N.W.
Disability Rights Section - NYAV
Washington, D.C. 20530
www.ada.gov

[protected] (voice)Department of Education Press Secretary John White, concerning the complaints that you filed with the Department of Education’s Office for Civil Rights (OCR)

I had posted previously about this company but I have another complaint that I think should be brought to all of your attention!

I got behind on two payments with my Private Sallie Mae loan in 2007, during that time my loan was sent into default and I was deemed Delinquent!

I no longer deal with the Sallie Mar representatives I have to speak to Allied Interstate which is a company that Sallie Mae hired to collect their debts and payments.

In july of this year my husband and I had some extra money, we paid $2500.00 on my loan trying to get ahead. That brought my monthly payments lower! I was paying close to $500.00 a month and now I pay $200.00.

I was told in January 2008 after my loan payments had been caught up well over six months that the credit bureau would be notified and I would not have a bad rap on my credit report. I have not missed another payment and each month Sallie Mae reports that I am in "Bad Debt" with them?

I have tried to call Sallie Mae about this and I can't ever get to a real person!

In the last month I have tried to call the number that I have for Allied Interstate to ask them about this nonsense and their telephone numbers are out of SERVICE!

SO who am I PAYING each month? Where is my money going, I have paid over $7, 000.00 of my $12, 000.00 borrowed and I have no clue where my monthly payment is going because I can't get through to anyone on the phone!

I am so frustrated! Please someone tell me that you are in the same boat? Or if anyone has a number to a LIVE person for Sallie Mae that would be great!

Thanks!

Cant stand sm, I request for a forebearance but they refused to give it to me. Ive been unemployed for more than 9 months and debts is on my ###. On jan or feb, I spoke to a reps and recommended me to apply for moneynow.com little that I know, they've been over charging me monthly while i was employed. that moneynow.com is the bs ever. i did receive money just that one time but i still gotta pay more than what i just receive which was1500. I also try to make an aggrement with sm but as always they refused to listen, asked if my family or friends could help me with money, what's their name, address and social security. They wont shut up until they get what they want, unbelieveable how they want the money upfront at that min. They also make me feel like crap. Like this rude guy told me how he work so hard to pay his debt how he had to ride a bike for miles to save money, why did I even thought of going back to school if I wasn't planning on graduating, or how long im planning on staying with your parents, and how they going to file a suit. I'm really sick of it, they have damaged my credit, and mentally, spiritually, and physically abuse by their reps (when I get really stress my body lose appetite and most of the times I starve without realizing.) please lets put a stop to this. is not right how they're threating loaners like us with hardship economic

STOP PAYING.

F*** SLM and NILNET.

PAY NOTHING.

Wait for the defaults to start rolling in, then you get to deal with Dept of Ed, not SLM. They'll waive ALL the interest and you pay only the principle. Cut the deal for NO INTEREST, then tell them that you'll have to make payments. Arrange the highest payments that you can afford - if you have a job. You'll be allowed to pay it down without being socked for all the SLM fees that they rolled into your loan!

If you don't have a job, there's no reason to pay at all. Let it go and let them send collectors after you. I did that for almost 10 years, then came into a little money and paid off the PRINCIPLE only. I never paid much in interest at all.

Another option is to simply leave America. I'm doing that as soon as this last job ends. I can get work in almost any other country, but not here. Get citizenship elsewhere and let America die, because you're living in a FASCIST STATE.

Corporations like SLM have full control of Congress. What you and I might want as citizens means nothing to Congress or the President.

oooh yeah thats really smart, default on the loans then you can pay the additonal 25% thats added on to your loan, ruin your credit, AND get your tax checks taken and your wages garnished...sounds like a genius plan...

I HAVE BEEN PAYING MY STUDENT LOANS FOR 3 YEARS NOW AND THE AMOUNT HAS NOT CHANGED. If anything the amount I owe has increased. I pay an extra on average $500 every month to put toward the principle. One would think you would see the amount decrease. SOMETHING ISN'T RIGHT. I have called and called and called with no reasonable explanations. I get people who have no clue what they are talking about and just tell you what you want to hear and don't care. Being a post graduate student, I have multiple private loans. All are reasonable interest rates except 1 which is 9%! I asked sallie mae to apply the extra money to this loan obviously. Every month they apply it to the loan with the lowest interest rate. EVERY month I have to contact them to reapply it to the loan with the higher interest. IT'S UNBELIEVABLE. They obviously are trying to make the most money out of me. WHY DO I HAVE TO ASK EVERY MONTH TO APPLY THE ADDITIONAL MONEY TO THE LOAN WITH THE HIGHER INTEREST?

Sallie Mae sucks. They applied funds from someone else's bank account to my loan repayment (not that that is easy to track down since you can't find any of that info online!) and they aren't being helpful in fixing it!

Haha, let me sign all these papers so I can get money and piss it away on a cosmetology degree! How [censor]ed can you be? For the teacher - had you kept up your payments for ten straight years, you could have had loan repayment because you are in public service. Dumb of you not to read your paperwork, or do some research.

The rest of you - pay your bills, then tell your kids to get degrees that will actually pay the loans instead of something stupid like an English degree because you have dreams of being a writer (a PhD in English will get you $45k in academia, if you're lucky). The "do what you love" advice given to high school grads is just setting them up for failure - find a marketable degree with the potential for a lucrative career, and use the money to do what you love.

Hehehe, Demopoly--we are on the same page ;]] you're good. :]]]]]

1) American government is a system of oppression of "poor people" and "middle class" (aka corporate cattle) by the wealthy elite. While civilized countries offer free college and university education, United States wild capitalist establishment makes sure kids of not very well to do families are ripped off when they try to go to school. THIS IS DONE TO MAINTAIN UNFAIR SOCIAL ORDER.

2) Organizations like loan servicers (aka Slimy Mae) make tons of money out of ripoff ans scams such as "career schools" (ITT, etc, etc) where people are charged large amounts of money for fake education--the said people are mostly vulnerable and gullible minority kids from underprivileged environments (ghettos) who don't even understand the trickery of financial crooks, sign papers with "fine print" and get in debt for dozens of thousands of dollars for substandard instruction fradulently called "education"--they never get professional jobs and are stuck in debt, while organizations like Slimy Mae get fat. I can't count how many people I saved from having "career colleges" ruin their life--becauase the naivete that exist in population is amazing.

EDUCATION MUST BE FREE. US GOVERNMENT DOESN'T HAVE MONEY FOR THAT? COUGH IT US, WALL STREET AND OTHER FAT CATS, COUGH IT UP--I REALLY THINK MOST OF THESE PEOPLE BELONG IN JAIL.

And to "Mica" (who's working for Slimy Mae, probably)--the "Lord" will spit those like you--straight into Hell because it was said that, ya know.. it's easier for a camel to go through the eye of a needle

Slimy Mae trolls here (Mica and your owner SM), DIE, GO OFF THE FACE OF EARTH. It's only a matter of time before SM and the entire corrupted system are wiped out, too bad it's going to ruin some lives in the meanwhile.

Mica, go get that gun, sc$m and blow your evil head off

Lol, a "lawyer" with a little (we all know what) wenting out here cause he haven't gotten laid in a loooong time (all the money, lawyer-leech, can't help you to get that, don't they?)...or--I'm starting to think that Mica is another slimy Mae victim just trying to cause more hatred to SM, no? :]] You're doing a good job... not bad.

Loan sharks like [censored] Mae make tons and tons of money off former students, sucking every last drop out--they blow up "fees", etc until eventually they either suck person's life dry OR get all the money from the guarantor--the feds--SM is interested in letting the payoff amount grow as much as possible because they know they're getting all the money from the guarantor eventually.

In a civilized country, all education is free--because education doesn't cost much at all. (I'm a child of former professors of one of the top technical universities in the world and I know very well how much cost education involves). The ripoff/scams such as new edition of textbooks sold for $200 and more (come on, how much new discoveries had been made in Physics during recent months that warrant changing a textbook?) are only to help "educational mafia" consisting of leeches feeding off US educational system. Professor salaries don't consume that much money and building maintenance cost nothing compared to the costs associated with the war or waste pools of money in the pockets of the wealthy. All over the world, higher education of much better quality than American is financed at the small fraction of what Americans are supposedly paying for their education.
Education much be free, not only that, student dorms and food must be free as well (while the change should be made to make student cafeterias serve healthy meals, versus being restaurant-like establishments serving unhealthy junk poisoned with chemicals)

So, Mica, SM and corrupt government, my final response is: S$CK IT DRY, like ya trying to anyway.

No, we don't hate America, we want to make changes in America. Hating the establishment that exploits others doesn't' equate to hating "America"--we love America and believe that this country shouldn't' be based on Greed.
Why do you think America imports so many engineers and other professionals from countries where education is free and why most higher education students of outside countries come better prepared? Because American own ed. system can not produced them, despite its high costs. Student loans is nothing but a [censor] run by corrupt and greedy subset of American people who are holding only their benefits (that they mostly had been born into)>

xan fails to mention how these other "civilized" countries are paying for these services for their respective citizens. Americans already feel overburdened by taxes, but the way to pay for free tuition, room, and board (and healthcare, etc) is to jack up the tax rate to approximately 50% - it's what Germany does, and that's essentially the utopia you are painting in your responses.

While I do agree that textbook prices are outrageous, I would prefer to attend a school that attempted to use the latest edition of a book as opposed to one from a decade ago. This is not to say that old books are worthless, but there are reasons for updated editions which are not tied only to advances in the field (ie, corrections or additions/deletions of more relevant material).

Xan's assumption that college tuition doesn't cost much is pretty asinine - having viewed the budgets (and yes, the waste) that goes on in higher education, I can attest to why tuition prices are the way they are. For Xan to claim that salaries don't amount to much is the type of thinking that says people should not be paid a working wage. Professors are not the only employees of a university, but they are indeed a large portion of annual budgets (facilities and utilities being the other major budgetary items). In order for universities to attract students, they need good programs, and programs need good professors. To attract good professors, they need to offer competitive salaries and benefits. To support the professors, you need support units - administrative assistants, grounds keepers, maintenance crews, motor pool, IT staff, security/police force, etc.

Xan seems to believe the country has limitless funds (deficit, anyone?) with which to educate its people. While this is an idealistic goal (although very naive), the reality is that this country will not achieve that anytime soon for more reasons than any of us could list.

To hate SM, or any student loan guarantor, for giving students the opportunity gain an education is pretty dumb. The people who aren't paying these loans back are the same ones who are probably defaulting on other loans, partied too much in school, or worse - majored in the wrong degree. You blame SM for people being ripped off, however I blame the kids who decided to get an "easy" degree (ie, English) when tuition was $20k/yr. Failing to determine basic ROI is not SM's fault - take some personal responsibility.

Monie (OP),

Why do you think you need to come to some "agreement" with SM? I think that agreement was the loan contract you signed right before you took their money to pay for your degree. Not paying, and worse, telling others not to, is [censor]ed and just shows you wasted your time and your money getting an education when it obviously didn't help. Student loans are not like consumer loans which disappear in 7 years after the last activity - student loans are forever. If you don't want to pay them, then have fun renting for the rest of your life.

If you think education is expensive, try ignorance.

For anyone that is trying to get a student loan at the moment, I need to warn you before you attempt to get a loan from Sallie Mae. I took out a loan beginning of 2009 for my third year of college. It was originally for $17, 000 but I took off the second semester and returned the extra $8500 I had received from Sallie Mae.

Before I took off, I called Sallie Mae to tell them not to disperse the second half of my loan. They told me that they would not disperse it, but what did they do... THEY DISPERSED IT ANYWAY! So I had to call them and tell them off for that.

Then, when you are officially withdrawn from a school, you have 6 months of extra deferment before your loans come due. (This varies from loan provider to loan provider, but Sallie Mae DOES give you 6 months.) Within the first month I was not in school... Sallie Mae sent me a bill to collect my loan payment... AND it wasn't just for the $8500 that I now owed them... it was on the ORIGINAL $17, 000 loan. LOOKS LIKE I HAD TO CALL AGAIN! So I called them back, got someone that didn't speak English, then got another person that tried to tell me I still owed the $17, 000, yet it was posted that I returned $8500 already. At this point I am PISSED! I finally get that under control.

Now just today... I go online to check all my loan information on the website... Well, according to the Sallie Mae website, my user name and password are incorrect (yet I have the information written down, and they are not incorrect). So I try to find my username and apparently now my SS # doesn't match my birthday nor does my account number. LOOKS LIKE I CALL THEM AGAIN! What does the lady do? Deletes my account so that I can make a new one... well that's not easy is it! I go to make a new one. It refuses to let me make a new account. It takes me an extra 40 minutes to speak with another representative, and then I get declined to speak to a supervisor.

SALLIE MAE IS THE WORST! Unless you REEEEAAAALLLYYY have to... DO NOT borrow from them. They over charge in interest... they don't have anything straight. They are horrible at helping and they definitely don't listen. Trust me... there are easier ways!

A simple Google search of the lender would have alerted you to the countless problems that students have experienced with Sallie Mae. At that point, you should have chosen another lender.

Mica1755 go [censor] your self and die a nasty [censor]ing death.

Sallie Mae and the Department of Education rip the disabled folks on Social Security off. They sent my loan forgiveness paper work to India I guess? And my doctor's office after the fourth stupid submission told me he wanted nothing more to do with Sallie Mae and the Department of Education.

I get calls after legal operating hours. Even when I am resting the phone disturb my rest time.

And the U.S. government elected officials just say submit the paperwork again. I will not! I have all the old submissions though: (1) they kept the processing to long that my doctor's license was needing a renewal date. (2) another time the spelling of my doctor's name. (3) my date of the occurrence of sickness started before my visit to my doctor. (4) etc...

I say lawsuits are needed. And a Congressional Hearing should be made into how loans are being forgiven or not by Sallie Mae, the Department of Education, and other agencies.

HELP!

Ben Gordon I recently had a hearing with GRC concerning a debt they've saddled upon me even tho i've proved time and time again i never agreed to it.

During the hearing where, according to the papers I was sent informing me of the hearing, i was supposed to have a chance to prove my financial hardship . iomagine minimum wage, with one child, and over 1300 a mionth bills not including insurance ( car or otherwise ), gas, food, clothing, medical bills, etc.. .

Anyways, the judge overseeing the case was there at the sallie mae center, and we had it over the phone. Can you believe the woman representing GRC, one L:aurie Greene, claimed to have evidence against me where I'm supposed to have admitted owing them the money. When i aksed what proof, she claimed it was during a phone call with GRC when they called me at home one night around 9 pm.

I asked did they have my voice recorded? she replies ' no' what about my written signature then ? ' No"
well, what proof do you have to anything? " My people wrote notes during the call "

And she neglects to say during said call I informed them I owed no debt, I never saw, read or signed any loan agreement, and when I asked for proof of debt USA Funds sends me a form I have never seen where someone typed my name in the signature box.

plus I had a government wage garnishment already plus on top of that, they kept trying to get me to give them my bank account information to which I steadfastly refused
( partly due to the fact I refuse to hand over any info like that to anyone especially over the phone, and mainly due ti the fact as I have repeatedly stated to them I have no bank account)

She even told the judge a lot of the evidence against me she could not prove.

But here's the kicker..I also have a government wage garnishment against me as well. The judge finds this out and tells Laurie she has to stop all garnishments against me till the government is thru.

So my lawyer asks her to send him a letter regarding that and she agrees, and sends it off right then.

But as I kept providing good solid evidence. the judge instead of rendering his decision then gives me till July 14 th to gather more of my proof.

So payday comes around and I'm feeling a little better since GRC is supposed to stop garnishments according to the judge due to my government issue. I get my paycheck and see they took out the money yet again. i ask the secretary about it and she shows me the letter Laurie Greene sent her.

instead of telling them to stop garnishment as informed by the judge, she sends the letter written in capital letters demanding they keep taking my money even tho i'm below the limit and also being garnished by the government as well. so she lies to me every time we talk and now she lied to the judge as well.

She also claims they're just getting $20 a week even tho I have documented proof they're taking 30 to 40 bucks a week and they only put 80 a month towards the bill they claim I owe. They're refusing to give me a hardship package like they originally promised me when they first started calling me.

i feel you they are a bunch of crooked fat MONEY pigs and i should be payed off already but there dame 20 dollor late payments @ucks me over ever time. i have a wife and a son and these crooks have drained all my money from me someone needs to make them pay for there greedy nature. i hope the ones in control die of a horrible cancer as they think of how they screwed over so many people. BURN IN HELL SALLIE MAE ! I MEAN THAT ! BURN IN [censor]IN HELL YOU GREEDY [censor]IN [censored]S ! I HATE THERE FRAUD OF A LOAN COMPANY AND THAT FAKE [censor] SCHOOL AS WELL. lucky for me i got out of that westwood school before i ended up with a huge bill from them i must have payed 500 dollors in late payments so far and i am not late! they get there money and my pay check as well. [censor] YOU SALLIE MAE ! I hope a someone blows your building up with all you thieves inside burning alive.

I'm not surprised by the practices of this company,
Isn't it sad when programs are started to help the populace
at large, are then privatized and are ( it seems so to me ) sanctioned by the government.

http://en.wikipedia.org/wiki/SLM_Corporation

Loaners and credit cards are the bane of our existence.
They would be sooo screwed if none of us used them, but
that would be the day we all lived within our means.

I hate this company. Same story, outrageous loan amounts for college tuition, no end in sight. Maybe in 50 years I'll be out of debt, or dead, whichever comes first.

Welcome to the American dream.

I co-signed a student loan for one term of my son's education. He was able to finance the balance of his student loans on his own. Unfortunately he has not been making payments on any of his loans. When I realized this, I took over the payments on my co-signed loan only. I have the payments set up to pay automatically from my credit union. Although the reps at Sallie Mae were adamant that I needed to set the payments up through them. I refuse to allow a lender to have access to debit my bank accounts, when they cannot manage to properly post the payments. I send my payments to the address they designated for payments from co-signers. Several months ago I began getting harrassing calls, then an invoice came showing that no payments had been applied for several months. In reviewing my records I showed that I should have been at least one payment ahead. When I called their customer service line, after several failed attempts to navigate the barrage of questions and button pushing to finally get a live person, they were rude. I tried to explain that I was calling to complain that my payments were mis-applied and was told that the account was seriously past due and I would need to set up a payment. I explained that my payments are electronically transferred through bill pay with my credit union. The response was then I should double check with them. I gave dates and payment amounts and was informed that those payments were not found. I asked if the payments had been posted to the loan that I had not co-signed. The response was that I did not have authorization to receive that information. Finally out of frustration, I requested a full payment history so that I could file a formal complaint under the fair credit reporting act. That got her attention, she finally found her polite voice.
A week later with my payment history and credit union payments seriously not matching, I faxed my complaint and request for research to correct all of the mis-applied payments. Thinking that it was taken care of and someone would finally correct the account, I deglected to follow-up with a telephone call. The following month another Invoice showing that may payment had not been applied. This time the telephone call escalated to supervisor, when the customer service rep began berating me with the need to set up payments with them since my account was seriously past due. In my review of the payment history I should have been paid ahead several months. The supervisor did listen and patiently went over each mis-applied payment. He also asked that I add the notation "loan 1 only" to the memo line on the credit union payments. I followed-up several days later to confirm that the account was corrected. I also confirmed that the memo line was amended for all future payments.
Today 12/9/10; I received another Invoice showing that there has not been any payments recieved since 8/19/10. When I called, the customer service rep began the usual practice of treatment for delinquent loans. I explained that I was calling to register a complaint for three mis-applied payments. She continued to request that I set up a payment because my account was seriously delinquent. I interrupted her and asked if she had heard what I said about calling to have Sallie Mae review my account and locate the missing payments. Her response was "ma'am did I interrupt you when you were speaking?" My response, get your supervisor because apparently you are not understanding what I am calling for. I have made my payments and once again Sallie Mae has mis-applied the payments. I said this is not the first time this has happened, if you will review the payments for my sons un-co-signed loan you will find the missing payments. She continued to argue, I demanded a supervisor because apparently this was beyond her ability to rectify. She transferred me to an unworking number with sallie mae and the line went dead.
I called right back, the next customer service rep listened and agreed that I would need to talk to a supervisor. The supervisor answered, took the basic information along with the payment dates and amounts that were mis-applied, said hold please, then the line went dead. I called right back and was informed by the telephone auto-attendent that the office was now closed.
I am so frustrated, with the incompetence of the handling of my payments. Why do they have a separate address for payments from co-signers if they arbitrarily post the payments to another past due account, when the intended loan is current.

Im a single mother in serious debt with Sallie Mae and all i ask if anyone can PLEASE HELP ME! I'm trying to work something out where i can repay back that i can really afford each month but Sallie refused to work with me and decided to push it towards a jugement on my LIFE! ONCE AGAIN I'M A SINGLE MOM! TRYING TO MAKE IT PLEASE STOP SALLIE MAE! If anyone no what i can do please email me at asiatunstall@yahoo.com HELP!

I've made payments since 2005 whenever I could, but rarely monthly. Two weeks ago, I answered the phone while house-sitting for my parents - who were not co-signors on my loans. At this point I owe Sallie Mae under $4, 800, in writing, yet they're claiming on the phone that they can sue me for $18, 000. In the written correspondence, it says I have until 3/20/2011 to pay off the rest of my loan - and I think I know a way I can do that. But it seems the practices of Salli Mae are underhanded to say the least - will they still try to sue me anyway?

My wife and I both have student loans. My original loan was $10, 000 which I paid on for several years only to find out that the interest on these loans is compounded qtrly which increases the loan. I’m now in default because I’m unemployed and we lost our home and Sallie Mae defaulted my loan because I could not come up with $1700 to bring it current and $460 per month for payments. My loan has not been sent to Texas Guaranteed who advised that I just need to pay $200 per month and my balance is now $18, 000, if no payment arrangements are made within 30 days they will add 15% to the balance for collection fees and the interest keeps accumulating. My wife had a loan for $7500 which the same issues are going on and the balance is now $33, 000. As far as I’m concerned student loans are legalized loan sharks because they are backed by the government. We wrote our congressman, John McCain, but that did not do any good. When your broke you are broke. They advised my wife that they will start wage garnishment. Go figure so they can take more of what you don’t have.

Hello after reading all these posts and realizing that Im not the only one getting bent over and DRY FU@#ED by these worthless ### that Id post my story to! In 2007 I attended The Associated Training School in Columbus Oh for heavy equipment. I borrowed 13, 000 dollars, after paying my payment of 220.00 per month up untill this date I now owe 15, 785 dollars! I called the [censored] bags on the phone and asked what the h@ll was going on and they told me that I've only been paying the interest on the loan from day one! My response to that was you will get no more money from me anymore ! there answer to that was they would have it taken out of my pay check and or my taxes at the end of the year! as of now I;ve paid them around ten thousand dollas and owe them more than my orig loan amount! They can go get fu@@ed there not getting anymore money from me! fu@@ you!

These sc@m artist worthless no good disease infested fu@k heads need to burn in he@l, IF YOU ARE LOOKING TO BORROW MONEY DO NOT BORRO2 MONEY FRON THEM YOU WILL PAY FOR THE REST OF YOUR EXISTANCE! AND THEN SOME!SOMEBODY NEEDS TO TRY THE BETTER BUISNESS BUREA AND SEE WHAT THEY SAY!OH YA AND YOUR INTEREST RATE WILL VARY DEPENDING ON WHERE THEY WANT IT TO BE, SO MY PAYMENT WILL VARY DEPENDING ON MY INTEREST RATE!THEY ARE A JOKE BE ADVISED DO NOT FALL INTO IT IF ITS NOT TO LATE, WISH ID OF READ THIS PRIOR!SCAM, SCAM, SCAM, SCAM, SCAM, SCAM, SCAM, SCAM!