I went to a Private University and took out a loan from Sallie Mae. They are asking me to pay back almost $1,000 a month … money i physically do not have and cannot afford to give. I told them i was willing to pay $300 a month, while it would still put me in a difficult financial situation, that is what i could afford based on my rent and other bills. They said the lowest they would take from me was $720 – still does no help. They said if i sent them $300 a month that it would still show past due and it would be reported to the credit bureau which really defeats the purpose of sending the $300 a month.
Do i have any options – sallie mae is telling me that i cannot do $300 a month its the $720 min or nothing. is this possible? how can they not offer any other assistance? i am trying to see who in sallie mae can make the decision to make an exception to allow me to pay the $300 for a year or 2 monthly and then increase the payments as i bring in more income.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.I Went to a Private University on Sallie Mae Loans. I Can't Afford the Payment. - Aline by Steve Rhode