Sallie Mae successfully lobbied for legislative changes to
allow the student loan industry rights and protections that has
millions of Americans and their families.
Those rights and protections are putting the positive
of many borrowers at risk and halting any financial progress to many in
repayment, meanwhile Sallie Mae executives have managed to make
filthy FILTHY Rich.
Sallie Mae has collection practices that have put young
individuals into perpetual debt. The
fees and penalties imposed on those in default of their student loans
to a level that buries the individual, prevents them from becoming
in many cases ruins their financial standing.
Loan balances can double or triple causing payments to do
the same and
making it impossible to become current.
Sallie Mae has lobbied to make certain that student loans
impossible to discharge through bankruptcy.
They can garnish your wages, seize your tax returns, and
reach into your
personal bank account. If
disabled and can not work, Sallie Mae can garnish your disability
income. The law is
on Sallie Mae's side and the
lawmakers have plenty of Sallie Mae's money in their pockets.