Tag Archives: salliemae

I Went to Helicopter Flight School and Can’t Afford My Student Loans – Shane

“Dear Steve, I went to helicopter flight school and finished in 2007. I have not been able to find a job flying and struggling to pay my bills. My wife left me leaving me with the house and it is 50k underwater. I owe Sallie Mae about 125k in private loans. Is there anyway to [...]

Sallie Mae Wants to Garnish My Wages – Brandon

“Dear Steve, I owe sallie mae $103,500.00 and have paid them $3600.00 for 3 years on the interest but the loan still stands at the same amount. I have a private and a federal loan both equalling to the above amount. I’ve ran into the same problems as everybody on this site that deals with [...]

My Ex-Wife Was Supposed to Pay Her 100K in Student Loans. I Can’t Find Her. – Patrick

Got married in college…wife and I consolidated student loans through the Devil (Sallie Mae). We got divorced…my name is the primary on the consolidation account. I am buried in excess of $100,000 in student loan debt that my ex-wife and I borrowed in college. When we got divorced she was required to pay her portion [...]

I Cosigned for Student Loans for a Friends Son. How Can I Get Out of This? – Pam

“Dear Damon, Cosigned for student loans for a friend of mine son since then she been laid off and it was more than a yr after the son graduated before he found a job. Sallie Mae has been coming after me hard for this debt, I lost my home in 2010, also filed bankruptcy the [...]

I Co-Signed on a Loan for My Son to Attend Pilot School But It’s Closing. – Jake

“Dear Steve, I co-signed on a $50.000 loan for my son to attend pilot school. The loan was taken out with Salle Mae. After one year the school filed chapter 11 bankruptcy. And it is looking like it will now go to chapter 7. My son had only used up 12000 of the loan. The [...]

Is It Possible to Settle a Sallie Mae Student Loan?

“Dear Steve, My daughter attended a private university here in san francisco, University Academy of Arts, and obtained a Bachelor Degree in Merchandising in 2009. She borrowed the money from SallieMae for $56,489.19 and I’m (mom) the co-signer. Loan Amount $43,454.00 – Current Principal Balance $56,489.19 Loan $5,000 – interest 6.250% – Principal Balance = [...]

I Am a Firefighter and EMT and I Need to be Rescued From My Sallie Mae Student Loans. – Cindy

“Dear Steve, I am a firefighter/EMT I have 2 grown children my 32 year old son is disabled and lives with me and my husband. I decided to go back to school online and ended up with about 4 student loans. I had some financial problems due to my hours at work being cut so [...]

Should I Pay Down My Private Student Loans or Just the Minimums? – Anthony

I am a recent college graduate with $80k in student debt. I attended a private college in Santa Barbara, CA, thinking they would provide the best education, an awesome alumni network, and a solid leg-up above the competition. True, I am working for $32K a year while my counterparts are struggling to work at Borders, [...]

Will My Sallie Mae Student Loan Debt Be Discharged When I Die? – Roz

will my children inhert my credit card/student loan debt? I am a third way through my masters degree as a part time student I am taking mostly subsized sallie mae loans, which will total about $50K upon graduation. I had assumed that my debt would be dischargable upon my death…but am now seeing that may [...]

How Can I Lower My Student Loan Payments? – Marq

I was what people would probably consider a disadvantaged student living close to the poverty income line when I first started college. Financial aid was critical for me to be able to attend college. My real debt started when financial aid officials informed me after the semester had started that I had a large balance [...]

What Can I Do About My Student Loans? – M

My student loan debts were accrued sometime in 1993 when I deferred. I had consolidated all my loans by then. Due to inability to find a job, I defaulted. In or about 2003, I was able to gather some certain about $70,000 which I wanted to use to pay off my debt. I think my [...]

Are There Any Loan Programs That Can Get Me Back in Good Graces With Sallie Mae? – J

“Dear Steve, Hello. I am an IT professional who has been out of work for two years now. At first, I was getting low level jobs which were adequate enough to pay bills. Then, in 2007, I was in a contract that ended abruptly, causing me to go into default on my Stafford loan (Sallie [...]

I’d Like to Settle My SallieMae Student Loan. But How? – Jody

“Dear Steve, I’m currently in a chapter 13 bankruptcy that I will make my final payment on in June and will be discharged soon after. I have a Wells Fargo student loan that originated as $25000 in 2004 and was about $35000 with interest in 2007 when I filed. I’m being told that there’s no [...]

I Think Sallie Mae is Violating My Collection Rights. – Robyn

Robyn wrote to me through the GetOutOfDebt.org site and asked the following question. 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. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

My Husband and I Are In Over Our Heads. – Vicki

“Dear Steve, Help! My husband and I are in over our heads. We have about 20,000 in credit card debt, a school loan of 33,000 in collections, and we are short about 1500 a month in income in order to pay all our bills. We are currently not paying credit cards and school loan and [...]