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Re: “Top Ramen For Life: The Student Loan Crisis

I can't believe the implication that all students put themselves into default. I was managing my loans just fine until I consolidated with Sallie Mae. My loans were gauranteed loans and interest was paid as long as I was in school half time. I accrued 2 years of interest and went back to school. Sallie Mae never disclosed to me that adding an unsubsidized loan with subsidized loans would unsubsidize them all. I had 1 2,500.00 loan that was unsubsidized and never would have added that loan if the proper information was given to me. Not only that, it took me 8 years calling weekly and monthly to find out what happened. They would never discuss my loan with me and I never recieved any paper work about my loan. Everytime I inquire I do not get the information I am requesting. In fact, at one point a lady told me my loan was none of my business. WHAT!!! I am certain they scammed me and I have no recourse. I want my loan back to the original amount of 37,000 at 8%. I now owe 122,000. I will not accept that this defaulted loan is my fault. I was SCAMMED!!!!

Posted by on 11/10/2010 at 2:25 PM

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