SallieMae
With student loan default rates rising due to persistently high unemployment rates, it's easy to vilify the seemingly endless monthly payments that follow graduation. But take a closer look, and you'll find that the news about student loans is more good than bad.
Student Loans Coming Due? Advice for Unemployed College Grads
8:30PM 9/27/2011
When you graduate college, you've got six months before you have to start repaying your student loans. For members of the class of 2011, that grace period ends soon, but all too many of them haven't found jobs and can't afford to start making those payments. We asked John Ulzheimer of SmartCredit.com to discuss their options.
If anyone seemed to have a valid excuse for not repaying his student loans, it was this 25-year-old Chicago man, battling a mental illness and unable to hold a job.
Like other college graduates who have tried to escape his school debts, this man (who did not want to be named for this story) was...
The high cost of college for family trailblazers
3:00AM 5/17/2010
Deciding which college to go to can be stressful, and it doesn't help that a plethora of misinformation exists out there. But what if the misinformation comes from your parents -- from your family? Or what if you don't get any information whatsoever?
I like to joke about coming from across the...
Sallie Mae student loan captures student in call-center rabbit hole
12:00PM 3/16/2010
Money College writer Fruzsina Eordogh chronicles her ongoing struggles with the student loan giant Sallie Mae.
The three-month deferment I paid $150 for from Sallie Mae has run out and so I began the dreaded robot call center run-around that is Sallie Mae's customer service. I hung up a couple of...
Money College: Sallie Mae preys on eager high school graduates
2:30PM 3/05/2010
Many people seem to be confused about my last post about Sallie Mae and student loans. I am not asking for a hand-out. I am asking that loans with interest rates above 7% (I will even concede to 8%) be deemed illegal.
You heard me: ILLEGAL.
There is absolutely no good reason why any loan taken...
Sallie Mae unveils 2 ways to save for college
11:30AM 3/04/2010
Attention, beleaguered parents! If you're trying to save for your kids' college education, this little news item may be for you.
Sallie Mae, the nation's largest lender of college student loans, has just unveiled two ways to save: certificates of deposit and an FDIC-insured, online savings...
I will try my hardest to not make this piece a "woe is me" story and more on the dangers of taking out private loans (or any student loans for that matter).
I would first like to clarify that I come from a financially unstable household. I was the first person in my family to go to college, I am...
Evan Bayh jumps in the way of student loan reform
12:00PM 2/20/2010
Long-time Indiana Democratic Senator Evan Bayh recently announced his plans to retire -- but those plans won't interfere with his desire to stand in the way of student loan reform, lower costs for students, and greater availability of grant aid for low-income students.
The problem? Sallie Mae...
Can't pay student loans? Work for Sallie Mae!
6:30PM 4/07/2009
As student debt loans continue to grow exponentially while jobs for recent grads dry up, Sallie Mae is doing its part to lend a helping hand to the students who owe them tens of thousands of dollars.No, not relaxed payment terms, reduced interest rates, or debt forgiveness. What do you think this...
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