• Report: #181076

Complaint Review: SLM Corporation - Sallie Mae

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  • Submitted: Tue, March 14, 2006
  • Updated: Thu, October 26, 2006

  • Reported By:Tampa Florida
SLM Corporation - Sallie Mae
P.O. Box 4600 Wilkes Barre, Pennsylvania U.S.A.
  • Phone: 888-272-5543
  • Web:
  • Category: Loans

Sallie Mae Servicing - SLM Corporation - Sallie Mae UN-FAIR PRACTICES - ATTEMPTING TO COLLECT A DEBIT THAT IS UNDER LEGAL DISPUTE IN A COURT OF LAW - DO NOT USE - BEWARE! RIPOFF Wilkes Barre Pennsylvania

*Consumer Suggestion: Legal advice

*Consumer Suggestion: Legal advice

*Consumer Suggestion: Legal advice

*Consumer Suggestion: What is your claim against Sallie Mae?

*Consumer Comment: My Stance...

*Consumer Comment: From the US Department of Education

*Author of original report: Thanx You!

*Consumer Comment: From the US Department of Education

*Consumer Comment: Pay Your Debt

*Consumer Comment: You should have kept paying your loans.

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My complaint against Sallie Mae is not related to the purchase of my student loans, but the collection of them.

This complaint directly relates to my other existing RIPOFF cases against FMU, but in no way relates to the same issue in the complaints.

Currently I'm in the process of suing FMU for fraud, and other damages related to fraud. I have hired 2 attorneys, and have been in the process of litigation for over 2 years now.

I have kept Sallie Mae in loop as far as my case has been going since I began litigation in 2003. I was hoping that there was some way to further delay the payment of my student loans since I have taken this matter to court. Unfortunately Sallie Mae continues to pursue immediate payment on the funds that I'm legally disputing. This has caused my credit score to plummet like a rock.

As stated in my complaints against FMU I refuse to pay for these loans. FMU used fraudulent business practices when recruiting me out of high school, which is directly responsible for my current loans. I would have never attended classes at FMU if I had known the truth that I could not transfer my credits anywhere but to another FMU campus.

FMU is not even a real college per say, they are not legitimately accredited with the universities they claim to be equal too, or claim that thier credits transfer too.

I'm the victim of fraud here and refuse to continue to get ripped off by paying these loans back.

I urge all out there to not take student loans through Sallie Mae, if something wrong happens they will show no mercy in destroying your life and credit score. Plus you can not claim bankruptcy anymore, and student loans are immune from bankruptcy anyway.

Do not use them, take out a payment system with the University if at all possible.

Kevin
Tampa, Florida
U.S.A.

This report was posted on Ripoff Report on 03/14/2006 09:33 AM and is a permanent record located here: http://www.ripoffreport.com/r/SLM-Corporation-Sallie-Mae/Wilkes-Barre-Pennsylvania-18773-4600/Sallie-Mae-Servicing-SLM-Corporation-Sallie-Mae-UN-FAIR-PRACTICES-ATTEMPTING-TO-COLL-181076. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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REBUTTALS & REPLIES:
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Updates & Rebuttals

#1 Consumer Suggestion

Legal advice

AUTHOR: Greg - (U.S.A.)

If you have 3 lawyers advising you that your position against SLMA is correct, I would get new lawyers.

The damage caused by your refusal to pay SLMA would be damaging for years. You may end up being expelled by USF--failure to make payments could make you ineligible for any future financial aid.

Make your payments and save youself years of grief.
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#2 Consumer Suggestion

Legal advice

AUTHOR: Greg - (U.S.A.)

If you have 3 lawyers advising you that your position against SLMA is correct, I would get new lawyers.

The damage caused by your refusal to pay SLMA would be damaging for years. You may end up being expelled by USF--failure to make payments could make you ineligible for any future financial aid.

Make your payments and save youself years of grief.
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#3 Consumer Suggestion

Legal advice

AUTHOR: Greg - (U.S.A.)

If you have 3 lawyers advising you that your position against SLMA is correct, I would get new lawyers.

The damage caused by your refusal to pay SLMA would be damaging for years. You may end up being expelled by USF--failure to make payments could make you ineligible for any future financial aid.

Make your payments and save youself years of grief.
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#4 Consumer Suggestion

What is your claim against Sallie Mae?

AUTHOR: Jake - (U.S.A.)

What, specifically, is your complaint against Sallie Mae?

You have listed numerous complaints against the school.


The school is not the party to whom you owe money; the school did not loan you money.


You did not sign a promissory note to repay money to the school.


PS: Why in the universe do you imagine wages earned at a University are in some way different from any other wages with regard to garnishment?
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#5 Consumer Comment

My Stance...

AUTHOR: Kevin - (U.S.A.)

Again I thank you for your information, as I said before I will use it to wipe out the FMU loans, which are 100% fraudulent.

Also again I will re-state my firm stance on this issue, I will not pay one red dime to Sallie Mae for inferor services rendered by FMU.

For example, it is impossible for me to attend an "accreditted" university without first taking the SAT's or an equivilent test there of, these tests are required for placement in post secondary education institutions.

Since I graduated early from high school, and skiped the SAT's, I'm technicly null envoid for acceptance to any actual secondary school, and thus un-able to accept federal studnet loans for college there of.

FMU enrolled me, and knew I did not have them, and also told me that I could still transfer my credits to Miami, UF, FSU, etc. They not only told me but they also told nearly 4,000 other people across the state of Florida.

Currently I'm slated to take my SAT test this October and will be enrolling into USF for the Spring term once accepted, none of my FMU credits are going to transfer with me, they are as worthless as monopoly money.

Once enrolled at USF my fradulent loans will be placed on hold until I graduate, I plan on staying in USF until I get my Doctorate, so I don't think I will be needing to worry about garnishments, or any other issues for a long time. Also my schooling at USF will be free since I work full time for them, and will not need loans.

In the meantime while I attend USF for the next 10 years or so I will push, sue, and fight to have the entire amount of those fraudulent loans exsolved from my credit records, and have the debit given back to FMU so that they can pay it.

I will not pay a bill when the services promised were never rendered, as a consumer and capitalist I refuse to pay out my hard earned money for nothing.

I appreciate your help, but I have 3 attornies chipping away at this and advisning me every step of the way. This loan discharge document is new to me, and I'm currently persuing it as an alternative to my pending court battle.

Thank you again,

Kevin
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#6 Consumer Comment

From the US Department of Education

AUTHOR: Jake - (U.S.A.)

Kevin, your response does not seem to indicate your understanding of what was qouted. I am going to qoute some particular portions again:

"Students bear responsibility for examining before they enroll whether a school offers training that meets their academic and vocational needs."

You state that "FMU did not meet their contractual obligations, they claimed that all credit hours earned at FMU transered to all other colleges and Universities throughout the United States & Canada."

If they did in fact make that claim IN A WRITTEN CONTRACT you very well may have a claim against them.

"Failure by the school to deliver services under the enrollment contract may well give the student a claim against the school,

BUT GENERALLY THAT CLAIM AGAINST THE SCHOOL DOES ***NOT*** EXCUSE YOU FROM HOMORING YOUR SEPERATELOAN CONTRACT WITH THE LENDOR."

(caps added for emphasis)

What this means, Kevin, is that you should repay your loan to Sallie Mae in accordance to the terms of your promissory note. Should you obtain a judgement against FMU you could than use any proceeds from that judgement to repay your loan. Default of a student loan can result in loss of eligibility for all federal student aid, garnishment of your pay, and offset of your tax refunds.
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#7 Author of original report

Thanx You!

AUTHOR: Kevin - (U.S.A.)

Dear US Dept. of Ed:

I appreciate your advice and I will contact your offices today to begin the process of hopefully canceling my payment obligations to Sallie Mae.

FMU did not meet their contractual obligations, they claimed that all credit hours earned at FMU transered to all other colleges and Universities throughout the United States & Canada.

However this is was not true, in fact their credits are only accepted at a handfull of schools, and the majority of those schools are owned by FMU's parent company Corinthian Colleges Inc.

When I first enrolled for classes back in 1998, I made it crystal clear that I wanted to attend the U of Miami, U of Florida, Florida State U, or U of South Florida, basically a state school. I did show more interest towards Miami though, and the others were just back ups in case my grades did not meet Miamis high standards.

I also did very breifly check out the credientals of FMU but was not able to locate too much about them, they were pretty new, and I was fresh out of high school.

Thank you for your assistance, I will follow up now.

Thank you again,
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#8 Consumer Comment

From the US Department of Education

AUTHOR: Jake - (U.S.A.)

From the US Department of Education:

"Borrowers frequently raise as defenses or objections to repayment of student loans complaints that they have about the quality of the educational services or other acts or omissions by the school they attended. Most of the loans collected by the Department were made by banks or other financial institutions, and the borrower's loan contract with that lender is separate and distinct from the borrower's enrollment agreement with the school. Failure by the school to deliver services under the enrollment contract may well give the student a claim against the school, but generally that claim against the school does not excuse you from honoring your separate loan contract with the lender. Students bear responsibility for examining before they enroll whether a school offers training that meets their academic and vocational needs. Borrowers who have claims against schools should raise those claims against the school directly or through State consumer protection licensing authorities.

In some instances the Department treats complaints against a school as valid grounds for reducing or cancelling your obligation to repay a student loan. For example, the Department can reduce the loan liability for borrowers who prove they withdrew from enrollment, and were therefore owed, but did not receive, a refund of tuition and fees."

http://www.ed.gov/offices/OSFAP/DCS/faqs.html#SchoolComplaints
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#9 Consumer Comment

Pay Your Debt

AUTHOR: Cory - (U.S.A.)

If you have a complaint, it's against FMU. If you have a problem with the construction of your house, you don't stop paying your mortgage. If your car breaks down, you don't stop making your car payments, to your bank. You agreed to the loans when you enrolled at FMU. You agreed to REPAY the loans. You may well have a legitimate complaint againist FMU, but that doesn't alleviate your obligation to Sallie Mae. As for your, "I'm a victim of fraud and refuse to pay back the loans". One doesn't have to do with the other. If you should get a judgement aganist FMU, that money shouls be used to repay your student loans.
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#10 Consumer Comment

You should have kept paying your loans.

AUTHOR: Leticia - (U.S.A.)

Sallie Mae did give you these loans and you have to pay them back. Period.

If you win your case of fraud against the school then they would've been required to pay you back what you have already paid on the loans, and whatever was left to pay.

For you not the pay something that you do owe because you feel that a third party cheated you, will affect you credit rating.

I'm really shocked that your lawyers didn't inform you of this.

An example for you, You get a loan to buy a house, and then you discover that your house the seller didn't disclose that the house was full of toxic mold. You sue them, do you really think that the bank will allow you not to pay them back the money that fronted to you?
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