Usacomplaints.com » Business & Finance » Complaint / Review: Sallie Mae - Interest Calculation Makes Cosigned Loan Impossible To Pay Off. #906559

Complaint / Review
Sallie Mae
Interest Calculation Makes Cosigned Loan Impossible To Pay Off

This company is nothing other than a glorified loan shark with interest rates. There is little chance you can pay them off due to the way they calculate interest. My daughter has a loan I cosigned on that has an 11.875% interest rate. Ridiculous in today's market.

No matter how many times I have attempted to pay this loan off they still have some residual interest or administrative charge. This is truly criminal.



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