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