Sallie Mae Financial
Tricked into loan as only way to get in Empre Beauty School

Education & Science

After fifteen years of being a stay at hom mom of 3, I decided to go to Empire Beauty School. I was not elligable for much assistance because I was married and my husband had a job. I was interviewed by Sallie Mae on the telephone in the recruiters office. Of course I was accepted and I was happy I could advance my career training. No one ever discussed the interest rate with me. It wasn't until after I graduated that I received the bill.
18% interest on a $7,000.00 loan. That is alot! I would have never accepted the loan if I had known the interest rate was that high! SCAM!

Then since I can't make the payments I contacted the office. I was told I could get a forbearance on the telephone by one representative. I am not making enough money. One week later I received a statement saying that Career training loans are not eligible for forbearance due to finacial hard ship.
Sallie Mae called my sister in law, and my mother law harrasing them about payment. I am so stressed out they call me at my work. When I offer to send 100.00 payment they say they can't accept less than 400$. I don't know what else to do.

Tricked into high rate loan-PA


Company: Sallie Mae Financial
Country: USA
State: Pennsylvania
City: Wilkes-Barre
Address: PO BOX 9533
Phone: 8882725543
  <     >  

RELATED COMPLAINTS

Sallie Mae Servicing
Sallie Mae rip off of $47,000 in interest lost because I reduced my loan from 30yr to 10yr

Sallie Mae
Cosigner credit ignored for 9.25 percent loan rate

Sallie Mae
Two Years of Payments Went Only to Interest, Principal Unchanged

Sallie Mae
Told Interest Still Owed on Full Term When Paying Off Early

Sallie Mae Financing/Servicing
Sallie mae financing, servicing slm ripoff poor customer service, conflicting information, increasing interest rates, no one will give a straight answer

Sallie Mae Corporation
Ridiculous Late Fees and Interest Rates

Sallie Mae
Charged $500 Interest in One Year, Loan Denied and Balance Not Dropping

SLM Corporation — Sallie Mae
SLM Corporation - Sallie Mae Increased my interest rate after purchasing my loan from another lender. Rip-off!

Sallie Mae, SLM, SallieMae
Financial burden brought on by Sallie Mae's Private "Career Training" loan

Sallie Mae
Quoted 4% Interest in Writing, Payment Set at 8.5% Interest