How To Consolidate Your Loans Into Direct Loans and Get Them Out Of Sallie Mae

November 4, 2007 at 2:37 pm | Posted in Managing Debt, Sallie Mae | Leave a comment

The reasons for switching from Sallie Mae to Direct Loans are many, but let’s start with the first one: Direct Loans will FORGIVE the loan balance after 25 years of payments… even if you are on an “Income Sensitive Payment Plan”.

Now, 25 years may seem like a long time to have such a massive amount of non-dischargeable debt (some chiropractic graduates have as much as $200,000!!), but Sallie Mae will NEVER forgive the loans. In my opinion, this is basically a debt prison that you can’t ever get out of.

Continue Reading How To Consolidate Your Loans Into Direct Loans and Get Them Out Of Sallie Mae…

Information on Sallie Mae

November 4, 2007 at 2:28 pm | Posted in Sallie Mae | Leave a comment

These are some links about Sallie Mae. Many DCs have their loans with this company

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