Complaint Review: Sallie Mae Student Loan - Wilkes Barre Pennsylvania
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- Author Confirmed
- Sallie Mae Student Loan Wilkes Barre, Pennsylvania U.S.A.
- Phone:
- Web:
- Category: Colleges and Universities
Sallie Mae Student Loan Mis lead us about a student loan my husband got for our son. Wilkes Barre Pennsylvania
*UPDATE EX-employee responds: Parent Plus Loan
*Consumer Comment: Really balled up
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To whom it may concern. We are at our whits end.. My husband co-signed a loan for our son to go to college. We were told that as long as he stayed in college he would not have to make payments on the loan. Not even 6 months after he started college he got a letter in the mail stating that his payments would start soon.. We were shocked. I called Sallie Mae and was told that yes the payments would not have to be made as long as the borrower was still in school.. They said the borrower was my husband, not my son.. We feel so mis-lead.. My son was so upset by this, knowing he did not have a good job yet to pay this.. He just stopped college.. He did not want to add yet another loan for more college that they would make him pay..We even tried calling them and had the college contact them.. No satisfaction.. They just kept on telling us that it was my hubby that had to be in college not my son.. This is such a scam!!! Now they are threatening to garnish my husbands wages and take our income tax returns..
This is hurting our whole family.. I was diagnosed with Multiple Sclerosis in 1994.. I am not to be under stress like this.. We do not know what to do..
Shelly
Wind Gap, Pennsylvania
U.S.A.
This report was posted on Ripoff Report on 11/11/2008 08:02 AM and is a permanent record located here: https://www.ripoffreport.com/reports/sallie-mae-student-loan/wilkes-barre-pennsylvania/sallie-mae-student-loan-mis-lead-us-about-a-student-loan-my-husband-got-for-our-son-wilk-390003. 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. READ: Foreign websites steal our content
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#2 UPDATE EX-employee responds
Parent Plus Loan
AUTHOR: Ripped_off007 - (U.S.A.)
SUBMITTED: Tuesday, December 09, 2008
Sounds like you applied for a loan called a Parent Plus Loan. This type of loan is a loan the parent takes out for their child to go to college. You are not a cosigner you are the borrower. Your son may be on the loan but the loan is not in his name. It is yours.
#1 Consumer Comment
Really balled up
AUTHOR: Lenny - (U.S.A.)
SUBMITTED: Tuesday, November 11, 2008
Something is really balled up. First, see if you can talk to someone higher than who you were dealing with at Sallie Mae, see if you can get the school financial person involved. Second, have your son get a loan on his own and get back in school, he won't have to pay it back until he is out of school.
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