Sallie Mae Strikes Again
Date: Fri, 08/21/2009 - 13:52
I did this.
I paid with June
July
Then they said I have satisfied the rules, pay 50 dollars, fill out form.
Days pass since (they cash my 50 dollar check) forbearance not process. Today comes, Forbearance denied.
4 phone calls , tons of screaming, emails, etc. going back n forth, they say it is because i shorted one of my payments by .46 cents. They cashed my 50 dollar check, but refuse to take this situation seriously.
I have spoken to supervisors etc etc etc, taken names etc.
I am absolutely speechless. They couldn't fix the error of .46 cents and to top it off, they absolutely REFUSE to budge.
They cashed my check and DID NOT post that amount to the August payment, which they said they would IF it got denied.
More of a vent.
Wow....really bad advise MCA. You dont screw with student loans
Wow....really bad advise MCA. You dont screw with student loans. This sounds like a private sallie mae loan....forebearances are limited to almost nothing.
sorry
sorry you feel that way but my son had one and yes it was a Sallie Mae and that is what he did. If you have a hardship, you should be entitled to a forbearance. I did however see that there are many many complaints online about Sallie mae if that is the type of loan in question.
one other thing
oh and yea I was just trying to help since this post went unanswered since 8-21 and it was now december
What you are not understanding is that if this is a private loan
What you are not understanding is that if this is a private loan, the DO NOT have to offer any hardship payment plan. Forebearances are NOT an entitlement
The OP said it was Sallie Mae and my son just forbearanced his y
The OP said it was Sallie Mae and my son just forbearanced his yesterday
Sallie Mae does both federal and private loans. There is a HUGE
Sallie Mae does both federal and private loans. There is a HUGE difference.