I have $125,000.00 in debt with Sallie Mae Servicing Center, I have been with them for years, but with their high interest rates and principles, I will never pay this off unless I win the lottery.
I tried to get loan forgiveness they denied that saying my loan was before 1998. I did not get my teaching degree until 2005 and was teaching for the KCMO School District and MCC Penn Valley Junior College in an urban core and still no help.
I feel stressed and overwhelmed because it is a bill I will never get help for unless a miracle happens, can you help and give me some information that may get them off my back. I have emailed President Obama to help people due to the economy who have over 50,000 in debt pay off half and we pay the rest or if we have paid over ten years to remove this debt and give us a break of relief.
Something has to give, I heard even Suze Osman friend of Oprah was working on this issue too.
Please email me what you know and thanks in advance for your help.
Do you have any information to help someone who has a loan with Sallie Mae and wants relief because bankruptcy is not an option?
Debbie
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all they can do is harass you with phone calls and mail. Ignore them and wait till you default. All the loan companies are so desperate right now because no one is paying. After you default and they sell your loans, call the other company and make a deal. I owe $36,000 and they offered to let me pay $17,000 if I can pay up front. Defaulting (which I did on all my other loans too) still somehow did not effect my credit yet so I am eligible for a loan to pay for this and am now half in debt. Rinse, repeat. never give them a cent again, those criminal pigs.
I FEEL YOUR PAIN, I OWE $126,010.50 AND INTEREST AND PRINCIPLE KEEP RISING, I AM IN FORBEARANCE RIGHT NOW, BUT NEXT YEAR IN FEBRUARY THE HEADACHE COMES BACK. SOMEONE NEEDS TO ADDRESS SALLIE MAE AND TELL THEM TO FIX THESE ISSUES WITH STUDENT LOANS BECAUSE THEIR INTEREST RATES AND PRINCIPLE IS TEARING US APART. CONGRESS, OBAMA, SUZIE ORMAN, SOMEONE PLEASE HELP, WE ARE AT WITS END.
I need help.
I came across your website as I was looking for a solution to Sallie
Mae\’s refusal to work out a \â€realistic\†repayment plan that is
suitable to my needs.
I have been unemployed for years.
I have called Sallie Mae continuously to try to work out a reasonable
repayment plan, and they refused to work with me on an individual
basis. I lost my home, from the stress I lost my job and have now had
to move from NYC to Puerto Rico, where I have no possibility to work on
what I initially studied, and do not even have a car!
I have no job and no assets.
Yet, today I called and Sallie Mae tells me I still do not qualify for
any reasonable repayment programs, except for paying the minimum
interest which is us$800.00 a month. I asked for information on an
extended repayment plan, as I saw on the Direct Loans website, but
still, I do not qualify.
My deferment options will eventually end, and my loan will eventually
default. I will have more problems and there is absolutely nothing I
can do.
Can someone please tell me if I can qualify for ANYTHING out there?
I would like to make a payment, but I can only afford to make us$25-
$50 at the moment. (I want to pay, but it needs to beareasonable!
This is not acceptable to Sallie Mae, and yet if I take a job, I will be
taken off Deferment and will default- even if I make a $50.00 payment
because I must pay a minimum us$800.
Original Principal Balance: $36,921.55
Capitalized Interest: $77,711.05
Current Principal Balance: $113,371.04
Accrued Interest: $195.55
Total Amount Owed: $113,566.59
I need help.
I came across your website as I was looking for a solution to Sallie
Mae’s refusal to work out a ”realistic” repayment plan that is
suitable to my needs.
I have been unemployed for years.
I have called Sallie Mae continuously to try to work out a reasonable
repayment plan, and they refused to work with me on an individual
basis. I lost my home, from the stress I lost my job and have now had
to move from NYC to Puerto Rico, where I have no possibility to work on
what I initially studied, and do not even have a car!
I have no job and no assets.
Yet, today I called and Sallie Mae tells me I still do not qualify for
any reasonable repayment programs, except for paying the minimum
interest which is us$800.00 a month. I asked for information on an
extended repayment plan, as I saw on the Direct Loans website, but
still, I do not qualify.
My deferment options will eventually end, and my loan will eventually
default. I will have more problems and there is absolutely nothing I
can do.
Can someone please tell me if I can qualify for ANYTHING out there?
I would like to make a payment, but I can only afford to make us$25-
$50 at the moment. (I want to pay, but it needs to beareasonable!
This is not acceptable to Sallie Mae, and yet if I take a job, I will be
taken off Deferment and will default- even if I make a $50.00 payment
because I must pay a minimum us$800.
Original Principal Balance: $36,921.55
Capitalized Interest: $77,711.05
Current Principal Balance: $113,371.04
Accrued Interest: $195.55
Total Amount Owed: $113,566.59
I FEEL YOUR PAIN, I OWE $126,010.50 AND INTEREST AND PRINCIPLE KEEP RISING, I AM IN FORBEARANCE RIGHT NOW, BUT NEXT YEAR IN FEBRUARY THE HEADACHE COMES BACK. SOMEONE NEEDS TO ADDRESS SALLIE MAE AND TELL THEM TO FIX THESE ISSUES WITH STUDENT LOANS BECAUSE THEIR INTEREST RATES AND PRINCIPLE IS TEARING US APART. CONGRESS, OBAMA, SUZIE ORMAN, SOMEONE PLEASE HELP, WE ARE AT WITS END.
Any Luck!!?
This is insane… I’m now up to $165,000.00 !! And it wont stop going up! Even making payments 🙁 🙁 🙁 🙁 I need HELP
I’m up to over that amount now. I just keep giving them the little bit that I have. Of course, I won’t be able to pay off that amount in 10 years but it’s that or nothing. They call and leave messages and emails everyday. I’m hoping someone finally gets the message that Sallie Mae is the devil and we finally get some real relief!
$150,000 for me and they refuse to help as well. Interest only payments are 899 dollars a month.. otherwise its 1,225 dollars a month, I don’t even make that! I was unable to finish my degree due to medical reasons and the fact that these people sharked me the second I came out of school. They offer no help, and refuse to work no matter how often you talk to them. It’s ridiculous and makes the world a terrible place to live in.