Sallie Mae Student Loan Complaint

Non-federal student loan Can't repay my loan can't decrease my monthly payments

Sallie Mae Student loan department,

Non-federal student loan Can't repay my loan Can't decrease my monthly payments California

I got my first bill from Sallie Mae. Its $1400.00, more than half of what I make in a month. I called to see what I could do. I could only pay interest on - of loans, which just happen to be the cheapest - and go into forbearance on the - most expensive ones ( - have interest rates above 8 % ). - will add - on to the total cost of my loans, so no. I could pay interest on the - loans and pay the full monthly payment on the other -, but that monthly payment is still around $1000.00 a month. I even talked to collections, but to no avail. I have cosigners, but - are still paying back their student ( and other ) loans, so theres not much they can help me with. So I either add -, possibly - on to the life of my loan or go into delinquency before they do anything to help me ( which is illegal ).

Sallie Mae customer in California
Apr 12, 2016

* Source: CFPB Complaint Database

Sallie Mae response to complaint:
Closed with monetary relief

Consumer disputes how Sallie Mae handled their complaint

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