Latest Posts

Sallie Mae

How Can I Consolidate My Sallie Mae Private Student Loan Debt? – Laura

Student Loan Corkboard Concept

“Dear Steve, I recently graduated from Mass College of Pharmacy with a Doctorate of Pharmacy and a butt load of student debt. I owe Sallie Mae around 157,000 and the federal government 87,000. My monthly payments are 3.000 a month which is more then half of what I make. I can’t find a company that is willing to consolidate my ... Read More »

Sallie Mae Made Me an Offer to Settle My Student Loan Debt for Half. – Maria

justball-144x125

“Dear Steve, I have student loans dating back to 2000. I recently got an offer from sallie mae to reduce my principal(104,000) by half(55,000) and then make equal payments for 94 months. Would this affect my credit score. Will it be better for me to keep paying for 17 years my debt? Maria” Don’t miss our free Get Out of ... Read More »

How to Really Discharge Your Student Loans in Bankruptcy. Many Can. But Never Try.

Student Loan Corkboard Concept

For years we’ve all heard the same message that it’s near darn impossible to discharge student loans in bankruptcy. We’ve heard that the undue hardship standards make it so onerous that expecting a student loan discharge is all but an act of God. But what if that belief was actually more myth than fact? Recently Jason Iuliano, (J.D. Harvard Law ... Read More »

Can You Show Me How to Settle My Sallie Mae Student Loan Debt I Cosigned For? – Alexandra

Student Loan Corkboard Concept

“Dear Steve, I am a 76 year old retired professor. I was not educated in this country and my daughter took out all her own loans for her education in the nineties. So in the last five years with out realizing what I was getting into I co-signed for an educational loans for one of my mentees to get an ... Read More »

I Need a Debt Settlement Letter I Can Use for My Sallie Mae Student Loans. – Mary

Student Loan Corkboard Concept

“Dear Steve, settlement offer from collection agency Allied One I want some advice on getting settlement successfully with agency, the loans were originally from Sallie Mae. Hi, I have massive student loan debt through Sallie Mae. With interest and collections fees it has soared from 40k to 80k. I have not paid on the loans and they went into default, ... Read More »

I Co-Signed for a Sallie Mae Student Loan for an Ex-Boyfriend. – Lisa

signing-contract

“Dear Steve, When I was 18 I co-signed a Sallie Mae loan for my boyfriend. I am now 29 and we broke up about 2 years ago. He has fallen on hard times and stopped paying his loans and they are coming after me for the money. It is damaging my credit and I may need to move back in ... Read More »

Student Loan Servicers Suck

tired working woman

by Marian Wang ProPublica, The parallels between the mortgage market and the student loan industry have been frequently noted. Both involve big borrowing and have a history of lax underwriting by lenders. But the two are also strikingly similar in another way: When it comes to both mortgages and student debt, the servicers, or companies that handle loan payments, sometimes ... Read More »

Sallie Mae and American Education Services Generate Most Student Loan Complaints

Screen Shot 2012-10-16 at 2.59.51 PM

A report out today from the Consumer Financial Protection Bureau outline the major problems facing American’s today when it comes to dealing with private student loans. Not surprisingly, Sallie Mae tops the list of most complained about student loan company, with 46 percent of all private student loan complaints. American Education Services (PHEAA) was a distant second. And while those ... Read More »

Can I Just Pay Sallie Mae What I Can Afford To? – Kate

justball-144x125

“Dear Steve, I will not lament about Sallie Mae; I think we all know how crooked they are. My question is: I owe around 58k and have recently applied for Income Repayment Sensitivity. They have responded with letting me know my payments will be just under 15% of my disposable income. This is too high of a payment. My main ... Read More »

Is It True That Sallie Mae Loans Have to be Forgiven After 10 Years? – Lynn

justball-144x125

“Dear Steve, I’m trying to help out my son and his wife. They initially borrowed 64k from Sallie Mae for Student Loans. I believe it was a priviate loan. Through eight years and a couple of consolidations; they are still in trouble paying back the loan. They have tried to keep up on payments but haven’t always. They are seriously ... Read More »

I Went to Kartherine Gibbs School and They Suddenly Closed. How Can I Repay My Student Loan? – Christina

justball-144x125

“Dear Steve, In 2006 I made a loan with Sallie Mae to go to Kartherine Gibbs School in Norristown, PA. Around April 2007 my father got very ill and I had to discontinue with my education to help my father. My father’s wish was to die in his native land, so we packed up and moved to Puerto Rico. Once ... Read More »

All Sallie Mae Cares About is Getting Money From Me. – Rosa

justball-144x125

“Dear Steve, I have private loans with Sallie Mae totaling $37.000 plus federal loans in the amount of $85.000 totaling $127,000. The federal loans are deffered and I am not paying anything, but Sallie Mae gave me two years after I graduated in 2010, paying $150 every 3 month to put the loans in forebereance. In November I will have ... Read More »

Sallie Mae Said They Were Willing to Release Me as a Co-Borrower. – David

justball-144x125

“Dear Steve, I’ve cosigned 3 Sallie Mae loans and had my signature forged on a fourth loan original principal was $32k. Now with interest, penalties, etc. the balance is about $50K. I’ve no idea where the primary borrower is and his mother (an ex-girlfriend) is somewhere in Florida, but not responded to any phone calls, texts, nor emails since May. ... Read More »

How Do I Make My Private Student Loan Lenders Consolidate My Debt? – Shannon

justball-144x125

“Dear Steve, I have insurmountable student loan debt. I know I am not the only person in this situation, but need help especially with how to handle private loan lenders. I hold both federal and private student loans. The federals are easier to deal with, and it seems that there are companies that will help consolitate those types without a ... Read More »

Sallie Mae Student Loan Discharged Under Bankruptcy But I’m Paying It. – Lori

experian_sally_mae_001

“Dear Steve, Here is a copy of my credit report.it says discharged and then says under creditors comments debt being paid by insurance..that is false i have been paying on this..what do i do Lori” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.