Sallie Mae Student Loan Complaint

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 West Virginia

I took out private loans through sallie for my - degree. Upon graduating, I was told my monthly loan payment would be over $1100.00 & that there was no other option for me to repay unless I went by their repayment plan. That amount is not even a logical amount. The only other option they gave me was to go back to school & defer my loans, allowing them to collect even more astronomical interest. This lead me to have to consolidate my loans through another company just to get a lower payment because there 's no way I could afford to pay them over $1100.00 a month with interest rates about 13 %. This company does not work with you or help you to repay loans at all. It 's impossible to get out of debt with them. Not to mention, having loans out through this coming any has destroyed my credit score.

Sallie Mae customer in West Virginia
Jan 20, 2017

* Source: CFPB Complaint Database

Sallie Mae response to complaint:
Closed with explanation

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