ED Magedson – Founder
Sallie MaePO Box 9500 Wilkes-Barre, Pennsylvania USA
Sallie Mae Even being on food stamps doesn't qualify for a deferment Wilkes-Barre Pennsylvania
I ended up with a private student loan through Sallie Mae after graduating from college. At the time that I was getting my loans, I just signed whatever my financial aid office gave me; I didn't understand what anything meant. I was having no problem paying back my loans for a few years after graduation but I now have a 4 month old baby and don't work. I live off food stamps and my husbands loans to pay rent. He goes to school full-time and works part time to help us pay our rent. He understands loans better so we are careful about what loans we take out. We do not have any month left over to pay $50 a month. I sent in paperwork for 3 months and they kept denying me but never explaining why. When I finally called to figure out what the heck was going on, the lady told me pay the balance due or pay $50 for a forebearance that would last 3 months. Apparently this loan has no option for a deferment or forebearance unless I am in school, residency, or military. What about financial hardship? I can't control the economy so how is it that Sallie Mae is allowed to give out this kind of loan to students? If I had understood what the loan was, I would have never gotten it.
This report was posted on Ripoff Report on 05/18/2013 12:31 PM and is a permanent record located here: http://www.ripoffreport.com/r/Sallie-Mae/Wilkes-Barre-Pennsylvania-18773-9500/Sallie-Mae-Even-being-on-food-stamps-doesnt-qualify-for-a-deferment-Wilkes-Barre-Pennsy-1051953. 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.
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