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Anyone else get screwed by Sallie Mae recently?

el Guapo

Capitalist
Messages
5,995
Points
31
Sallie Mae (Student Loan Comapny and Nationalist Socialist Workers Party Members) sent a letter to me a few months back saying esentially "Hey we screwed up and miscalculated your student loans a year ago....whoops...sorry but we are going to raise your payment 40% in your 9th & 10th years of payment. Oh, and don't bother calling us or asking for documentation or proof you owe us the money cause we don't have to report to anyone. If you don't pay up pronto we will screw your credit...no we can't help you...PS we give shitloads of money to politicians so you're screwed." :eek:|
 

Jeff

Cyburbian
Messages
4,161
Points
27
Student Loans fascinate me. I signed for these things when I was 17, had no idea haow much I was borrowing, and still can't tell you how much I did borrow.

I just pay them every month.

They could pull something like that on me and I'd probably never notice.
 

mendelman

Unfrozen Caveman Planner
Staff member
Moderator
Messages
14,026
Points
58
I'm with MikeD on this one!

It's a vague responsibility to me right now!
 
Messages
3,690
Points
27
We also got that letter. Even though it is one of our lowest interest rate loans, we've been busting our asses to get our student loans paid off so that we can just eliminate that chunk they take out of our disposable income. And as crabby as Sallie Mae makes me, I do love their website. It makes managing our loans so much easier.
 

giff57

Corn Burning Fool
Staff member
Moderator
Messages
5,445
Points
34
My wife had those aholes. I had her consolidate with Direct Loans to free us from the idots.
 

otterpop

Cyburbian
Messages
6,655
Points
28
I too have student loans to pay off and will be paying them for at least another 5 years. I hate having to do it. On the other hand, they were very accommodating when I was unemployed and unable to pay. Also without the student loans I could not have gone to graduate school, and gotten the education I needed to become a planner. The student loans made it possible for me to earn more money, so I could of course pay my loan. Sort of a Catch-22, but I think I am coming out ahead.
 

Habanero

Cyburbian
Messages
3,241
Points
27
giff57 said:
My wife had those aholes. I had her consolidate with Direct Loans to free us from the idots.
I've always been with Direct Loans and they have never once screwed me over and they've never made a bad mark on my credit, even though I was 5 days late paying after graduation. I only get the nice, "BTW, we just lowered your payment amount $xxx because of paying on time and lowering interest rates, bye now".
 

steveanne

Member
Messages
176
Points
7
el Guapo said:
Sallie Mae (Student Loan Comapny and Nationalist Socialist Workers Party Members) sent a letter to me a few months back saying esentially "Hey we screwed up and miscalculated your student loans a year ago....whoops...sorry but we are going to raise your payment 40% in your 9th & 10th years of payment. Oh, and don't bother calling us or asking for documentation or proof you owe us the money cause we don't have to report to anyone. If you don't pay up pronto we will screw your credit...no we can't help you...PS we give shitloads of money to politicians so you're screwed." :eek:|


I got ROYALLY screwed by Sallie Mae. And so have a lot of people I work with. When the news of the class-action lawsuit hits, I am on board. Money was really tight when that letter hit, and a week later, our taxes were raised too, so our mortgage payment went up. Double whammy. The taxes we figured were coming, but the student loans really hurt us.
 
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