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In the absence of any satisfactory method, loanproviders will prefer not to lend. Some lenders placerestrictive conditions on students in order to deter studentsfrom using the facility. Age restriction like upping the age ofstudents who can use student loan debt consolidation is one suchtactic.
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And you can bet that as long as you fail to address the most obvious problems with the student loan system, we will be watching, and making sure that your obvious love affair with Sallie Mae, the Consumer Banker's Association, ...
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Sallie Mae has my current student loans. I updated my address online. The box for "Address 1" is not long enough for my address, even if I abbreviate "Court" and don't put the apartment number. I had to squeeze the words together ...
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Sallie Mae under investigation for illegal practices
Sallie Mae, the nation’s largest student loan company, may have violated federal laws by repeatedly using aggressive tactics to collect loans from student borrowers, Senate investigators said yesterday. Aides to Sen. Edward M. ...
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I asked the woman who answered to please remove me from Sallie Mae's mailing lists and gave her my address and the code on the letter. She obliged and told me to have a good evening. I am hoping that, after this week, I never receive ...
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Kennedy requests information from Sallie Mae
Intentionally sending loan payment notices to an incorrect address to force a borrower's account into default. Sallie Mae will cooperate with Kennedy's request for information but doesn't like the way the inquiry has been handled so far ...
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Sallie Mae’s private side (CNN Money)
nevertheless The lure for private-equity firm JC Flowers’ $25 billion buyout of student-loan giant Sallie Mae may be its fast-growing and lucrative business providing private education loans — loans that exist outside the ...
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Probe Launched on Sallie Mae Collection Tactics
Senate investigators said that Sallie Mae, the nation’s largest student loan company, may have violated federal laws by repeatedly using aggressive tactics to collect loans from student borrowers, the Washington Post reported today. ...
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Student loan consolidation can reduce payments up to 60 percent(actual amount saved will depend upon the existing loan interestrates). The other factor is the term of the loans. Typical loansare for a 10 year term. When consolidating student loans, itspossible to refinance for up to 30 years (like a home mortgage).It's important that there be no prepayment penalties, since thestudent will likely want to pay these loans off much sooner,once their earning power is improved after graduating andprogressing in a career that pays reasonably well. Of course,the longer the loan period, the higher the interest rate, andlower the initial payments, which frees up precious cash flowwhen it's needed most - while the student is in school.
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