Comments on: Sallie Mae No Longer Consolidating Student Loans

By: lizzy

lizzy — Tue, 23 Sep 2008 19:21:22 +0000

I completely feel and relate to your frustation about everything!! i graduated in august and dealing with sallie mae is a complete nightmare - you can not get an honest answer about anything because the reps are reading from a script and have a thick accent that is hard to understand. i have been out of school for a month and im unemployed and i owe $150,000 in school private and federal loan debt (scary i know….i cant sleep most nights thinking about it). i paid sallie mae $250 in aug. to put my loans into forebearance until feb. 2009 and i thought everything was cool….at least for the next few months until i find a job and can make payments. well to make a long story short - sallie mae called me and said that i owe them $600 because my forebearance did not go through!? i was told “sallie mae no longer offers the courtesy of allowing you to postpone your payments…you signed a promissary note and are expected to pay” - what!?! i just graduated and im broke! needless to say im extremely stressed out and im trying to find a private lender that will consolidate my loans so that i no longer have to deal with the monster that is sallie mae. if anyone has any helpful info on private loan consolidatin please email me at lizzyg214@gmail.com and let me know. thanks:(

By: Howto(Consolidatestudentloans)ConsolidateStudentLoansStepbyStep · Consolidate Student Loans

Mon, 09 Jun 2008 09:59:41 +0000

[...] Sallie Mae No Longer Consolidating Student Loans : Girls Just Wanna Have F.. [...]

By: hank

hank — Fri, 30 May 2008 04:18:58 +0000

I got caught in the mix that I could only consolidate ONCE. So the first they “cold called” me I bit right away, consolidated and didn’t get the “greatest” rate of all time, but I really can’t complain from what it was at…

I can also see their reasoning too - it’s tough to borrow money from the Feds and make ANYTHING off it now… Hard to turn a buck in that industry now…

hank’s last blog post..The Wife And I Are Bumping Up The 401k Contributions to 15% - How Much SHOULD You Be Putting In Your 401k?

By: That Guy

That Guy — Thu, 29 May 2008 20:09:08 +0000

I have a suggestion, Ask for a refund. You do have a receipt right? Ha Joke…

I think we all should invest in school BUT remember one big reason for school is to get a good paying job. The other may be personal. (Self enhancement, parants told them to, Sports etc.)

When people go to school they should have in mind that the school training SHOULD give Them X amount for money salary after graduation to help you pay for school, if that student does not have children or go on shopping sprees etc.

So now you have Student loans, Well Paying them of is possible with just smart money management.

Try the Credit unions etc. Online business or make money work for you and not the other way around.
Talrude

By: Ginger

Ginger — Thu, 29 May 2008 04:29:36 +0000

Thanks for the tip BK! Ill be doing a follow up post! Ginger's last blog post..Sallie Mae No Longer Consolidating Student Loans

By: J. Lynn

J. Lynn — Wed, 28 May 2008 23:19:35 +0000

I’ve never understood why people get degree after degree after degree- and pay for it! There is nothing wrong with advancing your education but it should definitely not cause the amount of debt you will have. Try a public university, or find a job that will offer to pay for it instead.

By: BK

BK — Tue, 27 May 2008 14:31:28 +0000

Try the federal direct loan program OR if you belong to a credit union consolidate through them BK's last blog post..Are you Dehydrated?

By: Rich

Rich — Tue, 27 May 2008 13:17:33 +0000

The safest bet is to consolidate with the Federal Direct Loan Program. It is most important to wait until after the July 1st rate reset as rates are set to drop to the 3% range. Good luck!

By: Money Bread

Money Bread — Mon, 26 May 2008 23:34:37 +0000

[...] Sallie Mae No Longer Consolidating StudentLoans [...]

By: R.W

R.W — Mon, 26 May 2008 19:15:29 +0000

Restructuring the way you spend money is important, but more importantly is that in order to survive in this world you will need an additional stream of income.

For too long parents have not been preparing and have not been teaching their children how to reduce their debt and at the same time build for their finances. Why? Because they don’t know how. Schools don’t teach this. They only teach you how to work for someone else and if you still don’t earn enough money go out and find a second person to work for.

98% of society is dead broke (living off or credit cards, IRA’s or home equity loans) and when they retire they will have to come out of retirement in order to work for someone else.

Check this site out, it will help and like my dad always said,

“My job is to tell you, so that you can never say that no one told you.”

Check out this website: http://www.travelbully.us

After watching call, Rob & Rhonda @ 314-757-4063