Non-federal student loan Can't repay my loan can't get flexible payment options
Sallie Mae Student loan department,
Non-federal student loan Can't repay my loan Can't get flexible payment options Connecticut
I started schooling in - - at a private university- in order to pay for my education my parents ( mother, specifically ), co-signed on a private loan with Sallie Mae , with me as the primary borrower. During my time studying at - College, from -/-/--/-/-, - additional loans were taken out under the same borrower and co-signer, until I graduated in - - with an - - -. After the grace period with Sallie Mae had ended, I was getting hit with large withdrawals from my bank account ( around - dollars monthly ) that I was unable to keep up with, especially due to the fact that my cosigner is unable to help me make monthly payments. In - - I was finally able to negotiate lower monthly payments on the - loans ( Sallie Mae refuses to consolidate ), I began to realize that these payments did nothing to affect the principal balance and was only covering their immensely high interest rates ( between 8-10.5 % on each loan ). I am looking to attain a reasonable rate that allows me to actually pay off over $47000.00 in loans ( across - loans ) in my name alone, since my co-signer is unable to pay.
Sallie Mae customer in Connecticut
Mar 16, 2016
* Source: CFPB Complaint Database
Sallie Mae response to complaint:
Closed with explanation
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