I went to Georgia Medical Institute, now Everest Institute from May Jan.
I got a signature loan from Sallie Mae for the complete amount of my tuition, which was 11,598.00. I recently got my repayment schedule from Sallie Mae. My amount owed to them is now approx. 44,000.00. Now, my education cost 11598.00, but the amount financed on my behalf was approx. 14,000.00. The interest on my loan has come to a total of approx. 30,000.00 Over the course of fifteen years, with monthly payments of approx 250.00, I am supposed to pay this off. When I called the CUSTOMER SERVICE hotline, I got a person who spoke shoddy english and offered me no help at all. Now, I have NO problem paying back my loan. The interest is crazy (18.35%) and I don't know what to do about it. I plan to continue my education but I will have this hanging over my head for the rest of my life. I cannot afford to pay even the monthly payments set up FOR me. They had no empathy or sympathy for me when I called and did not do anything to address my concerns except make me more angry. These people are crooks and rob people blind. You should not be punished for trying to better yourself and the way these people work, punishment is what it is. If anyone knows of anything I can do, please let me know! Thx!!!
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