Comments on: Trouble Consolidating Sallie Mae Loans, Part 1 http://thebudgetingbabe.com/2008/08/30/trouble-consolidating-sallie-mae-loans-part-1/ A personal finance blog for career minded women with small budgets and big dreams. Sun, 05 Aug 2012 15:47:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: journey2mymba http://thebudgetingbabe.com/2008/08/30/trouble-consolidating-sallie-mae-loans-part-1/#comment-3674 journey2mymba Fri, 19 Feb 2010 04:20:10 +0000 http://thebudgetingbabe.com/?p=444#comment-3674 good post...I need to consolidate my Sallie Mae signature loans. I guess I am out of luck. Also, I am about to go back to school and get even more debt. I am studying something that I know will pay well this time so hopefully things will get better. good post…I need to consolidate my Sallie Mae signature loans. I guess I am out of luck. Also, I am about to go back to school and get even more debt. I am studying something that I know will pay well this time so hopefully things will get better.

]]> By: Anonymous http://thebudgetingbabe.com/2008/08/30/trouble-consolidating-sallie-mae-loans-part-1/#comment-3633 Anonymous Mon, 25 Jan 2010 23:35:55 +0000 http://thebudgetingbabe.com/?p=444#comment-3633 Sallie Mae is trying to have me pay 41% of my take home pay.<br /><br />is that legal? Sallie Mae is trying to have me pay 41% of my take home pay.

is that legal?

]]> By: popflier http://thebudgetingbabe.com/2008/08/30/trouble-consolidating-sallie-mae-loans-part-1/#comment-3593 popflier Fri, 11 Dec 2009 21:12:10 +0000 http://thebudgetingbabe.com/?p=444#comment-3593 Like many of you I am also in the same situation with SallieMae. I have 2 private loans through them and they have not allowed me to consolidate through another lender. I tried to even consolidate through them and they wouldn't do it. My payments for all of my student loans are the cost of a mortgage and I simply cannot afford it. <br /><br />I had career in the music industry for 15 years and as the industry began to fall apart I had decided to return to school and change industries all together. 1 month after I graduated I was laid off and have been able to find steady work. I am finding that I cannot get a job with my current degree that would pay me enough to cover living expenses and my student loan payments. I don't feel like I have a choice but to look for work in the music industry/marketing capacity where my experience would come into play and I could start at a higher salary. I don't want to work in this industry any longer, but my loans through SallieMae are giving me no choice.<br /><br />The worst part about SallieMae is that when I lost my job and went into forbearance they told me that I had to PAY THEM $50 per loan for every 3 months my loans were in forbearance. I didn't have the money and so they would call me several times a day. Each time I tell them what I told the person earlier that day in that I don't have a job and I don't have the money to pay for forbearance. I told them I didn't understand why they were the only loan company I had who did this and that I thought it was ridiculous. Each time they would tell me that it was part of their policy and that if I couldn't pay that the calls would continue. They then began to ask me if I could borrow the money to pay them and wanted to know how I was able to live and who was supporting me and asked if they could pay. I threatened to call the FTC and the Attorney General and report them for harassment. The calls slowed down, but didn't stop until I did borrow the $100 to pay them for forbearance for 3 months. That period has now ended and once again I cannot pay the monthly payments they are asking.<br /><br />I'm desperate at this point and really need to consolidate my loans somehow. I'm going to look into the DOE, but if anyone has any other ideas please email me. Since I still don't have regular work it makes it hard to have ANY options.<br /><br />nicole<br />nico@popflier.com Like many of you I am also in the same situation with SallieMae. I have 2 private loans through them and they have not allowed me to consolidate through another lender. I tried to even consolidate through them and they wouldn't do it. My payments for all of my student loans are the cost of a mortgage and I simply cannot afford it.

I had career in the music industry for 15 years and as the industry began to fall apart I had decided to return to school and change industries all together. 1 month after I graduated I was laid off and have been able to find steady work. I am finding that I cannot get a job with my current degree that would pay me enough to cover living expenses and my student loan payments. I don't feel like I have a choice but to look for work in the music industry/marketing capacity where my experience would come into play and I could start at a higher salary. I don't want to work in this industry any longer, but my loans through SallieMae are giving me no choice.

The worst part about SallieMae is that when I lost my job and went into forbearance they told me that I had to PAY THEM $50 per loan for every 3 months my loans were in forbearance. I didn't have the money and so they would call me several times a day. Each time I tell them what I told the person earlier that day in that I don't have a job and I don't have the money to pay for forbearance. I told them I didn't understand why they were the only loan company I had who did this and that I thought it was ridiculous. Each time they would tell me that it was part of their policy and that if I couldn't pay that the calls would continue. They then began to ask me if I could borrow the money to pay them and wanted to know how I was able to live and who was supporting me and asked if they could pay. I threatened to call the FTC and the Attorney General and report them for harassment. The calls slowed down, but didn't stop until I did borrow the $100 to pay them for forbearance for 3 months. That period has now ended and once again I cannot pay the monthly payments they are asking.

I'm desperate at this point and really need to consolidate my loans somehow. I'm going to look into the DOE, but if anyone has any other ideas please email me. Since I still don't have regular work it makes it hard to have ANY options.

nicole
nico@popflier.com

]]> By: Anonymous http://thebudgetingbabe.com/2008/08/30/trouble-consolidating-sallie-mae-loans-part-1/#comment-3388 Anonymous Tue, 28 Apr 2009 18:20:00 +0000 http://thebudgetingbabe.com/?p=444#comment-3388 I am living in the S.F bay (CA) a recent graduate from the San Fransisco Conservatory of Music with over 170,000$ in student, Salie Mae being the biggest of the bulk. Back when I tried to plea and deal with them my credit was around 750 and still receiving 14% intrest!! (4 loans total varing from 8.99% to 13.99%. It was crazy as I had consolidated goverment loans that were very low intrest rates and easy to deal with. I really like wells fargo for consolidating both types. ...So here's the catch, in order to go for my Masters, I had to file for a BK as I was maxed with paying for school, rentect...Salie Mae still being dificult. Even if I pay intrest only every month I still have 750$ to come up with on top of my goverment loans at 375$. and rent, life, ect...<br /> Crazy times and gotta love them. I am living in the S.F bay (CA) a recent graduate from the San Fransisco Conservatory of Music with over 170,000$ in student, Salie Mae being the biggest of the bulk. Back when I tried to plea and deal with them my credit was around 750 and still receiving 14% intrest!! (4 loans total varing from 8.99% to 13.99%. It was crazy as I had consolidated goverment loans that were very low intrest rates and easy to deal with. I really like wells fargo for consolidating both types. …So here’s the catch, in order to go for my Masters, I had to file for a BK as I was maxed with paying for school, rentect…Salie Mae still being dificult. Even if I pay intrest only every month I still have 750$ to come up with on top of my goverment loans at 375$. and rent, life, ect…
Crazy times and gotta love them.

]]> By: pay student loan http://thebudgetingbabe.com/2008/08/30/trouble-consolidating-sallie-mae-loans-part-1/#comment-3376 pay student loan Tue, 14 Apr 2009 04:13:00 +0000 http://thebudgetingbabe.com/?p=444#comment-3376 thanks thanks

]]> By: loans for student http://thebudgetingbabe.com/2008/08/30/trouble-consolidating-sallie-mae-loans-part-1/#comment-3375 loans for student Tue, 14 Apr 2009 04:10:00 +0000 http://thebudgetingbabe.com/?p=444#comment-3375 hmm, really? hmm, really?

]]> By: student loans for people with bad credit http://thebudgetingbabe.com/2008/08/30/trouble-consolidating-sallie-mae-loans-part-1/#comment-3373 student loans for people with bad credit Fri, 10 Apr 2009 15:16:00 +0000 http://thebudgetingbabe.com/?p=444#comment-3373 Thanks for good post. Thanks for good post.

]]> By: Anonymous http://thebudgetingbabe.com/2008/08/30/trouble-consolidating-sallie-mae-loans-part-1/#comment-3318 Anonymous Sat, 14 Mar 2009 00:27:00 +0000 http://thebudgetingbabe.com/?p=444#comment-3318 I'm also going through the same thing with Sallie Mae. I'm so fed up with those people. I have 6 loans through them and the interests rates are high and they charge me for each loan every month!. I'm going to call the number for Chase bank hopefully they can help since I've been turned down several times because Sallie Mae wouldn't allow my loans to be consolidated through another bank. Keep me posted on what you find out. I’m also going through the same thing with Sallie Mae. I’m so fed up with those people. I have 6 loans through them and the interests rates are high and they charge me for each loan every month!. I’m going to call the number for Chase bank hopefully they can help since I’ve been turned down several times because Sallie Mae wouldn’t allow my loans to be consolidated through another bank. Keep me posted on what you find out.

]]> By: Anonymous http://thebudgetingbabe.com/2008/08/30/trouble-consolidating-sallie-mae-loans-part-1/#comment-3300 Anonymous Sun, 01 Mar 2009 09:59:00 +0000 http://thebudgetingbabe.com/?p=444#comment-3300 I have been reading your blog. I thought it's nice blog.<br/><br/><a HREF="http://www.badcreditforstudentloans.com" REL="nofollow" rel="nofollow">bad credit for student loans</a><br/><a HREF="http://www.repaymentstudentloan.com" REL="nofollow" rel="nofollow">repayment student loan</a><br/><a HREF="http://www.loansforstudent.net" REL="nofollow" rel="nofollow">loans for student</a> I have been reading your blog. I thought it’s nice blog.

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]]> By: Loan Modification http://thebudgetingbabe.com/2008/08/30/trouble-consolidating-sallie-mae-loans-part-1/#comment-3235 Loan Modification Wed, 28 Jan 2009 07:04:00 +0000 http://thebudgetingbabe.com/?p=444#comment-3235 College is becoming increasingly difficult to afford.<br/>Borrowing money for college is a big responsibility but college remains a smart investment for obtaining a satisfying career that earns a competitive salary. Nice post. College is becoming increasingly difficult to afford.
Borrowing money for college is a big responsibility but college remains a smart investment for obtaining a satisfying career that earns a competitive salary. Nice post.

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