Tag: Sallie Mae

Sallie Mae’s Failings Continue to Go Unpunished

December 20, 2013

On September 19, 2013 Senator Elizabeth Warren asked the Department of Education questions that many college graduates who took out loans have been asking for years about Sallie Mae. She wrote in a letter to the department: “While the government has been quite tolerant of Sallie Mae’s failings and helped… Read More»

Is Sallie Mae really going to forgive your student debt?

October 3, 2013

In the past few days, a Sallie Mae instagram was created that said if you were one of the first 150,000 people to follow them they’d forgive your student debt. Unfortunately, not today. This is a fake account. It’s important that you do not share any personal information with them… Read More»

Victory: Sallie Mae Leaves ALEC

September 9, 2013

Sallie Mae has quit the American Legislative Exchange Council (ALEC) after months of growing pressure from Jobs with Justice/American Rights at Work, the U.S. Student Association, and the Student Labor Action Project. Sallie Mae is now the 50th corporation to leave the extremist, right-wing group that advances state legislation essentially… Read More»

Navigating the Swamp of Student Loan Interest Rate Hikes

July 24, 2013

Written by Daniela Bartlett Asenjo On July 1, college students and their parents all across the United States joined in a collective shudder as the news of subsidized Stafford loan interest rates doubling from 3.4% to 6.8% spread. While borrowers hoped that politicians in Washington would rise above the partisan… Read More»

Confronting Sallie Mae on Transparency and Affordable Student Loans

June 7, 2013

Imagine this: Sallie Mae’s CEO, sitting at a table with 20 students discussing student debt forgiveness. Crazy, right? Sallie Mae has finally agreed to sit down with the Student Labor Action Project (SLAP) and US Student Association (USSA) to discuss how to make affordability for all students and graduates a… Read More»

Top 10 Things You Don’t Know About Sallie Mae

May 8, 2013

Read these ten critical facts about Sallie Mae that exemplify the need for increased regulation in the private student loan industry. Download: Top 10 Things You Don’t Know About Sallie Mae (PDF)