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Posted: Sat Jun 14, 2008 2:51 pm Subject: Sallie Mae reduced my payment

Good news finally sallie mae reduced my payment amount for my student loan. They reduced it $69.00 Laughing

every little bit helps:)

Posted: Sat Jun 14, 2008 4:28 pm Subject:

I totally agree, every little bit does indeed help. Congratulations!

Posted: Sun Jun 15, 2008 9:42 pm Subject:

Wow! great news indeed Very Happy

You're right that every bit of help counts, especially when the economy is suffering form the slow pace.

Enjoy!!

Posted: Mon Jun 16, 2008 3:27 am Subject:

I love it

Posted: Mon Jun 16, 2008 7:45 am Subject:

Was this a federal or private loan? With federal loans, you are entitled to income sensitve payments. With private loans, they will lower you payments temporarily, usually for a year but then your payments will go up.

Posted: Mon Jun 16, 2008 9:47 am Subject:

Has your student loan been pretty current or did you go into default with it? Just wondering because that is who my brother's student loan was through, so was just wondering.

Posted: Mon Jun 16, 2008 9:54 am Subject:

No it was a private loan. I just explained to them I am totally disabled and only get XX amount of dollars a month and didn't want to refinance it so they reset the whole term. (I have only been 4 days late making my payments and have never gone beyond that 4 days and never ever 30 days, perhaps that helped?)

I have the papers that I have to sign along with my co-signor but even though it will cost me more in the end to me it's worth it right now at this time. Hopefully in about a year I will be in a better financial shape and will be able to go back and pay them alot more but for the time being this is just fine for me. Laughing

I am just glad to get some $ relief at this time.