Fed Financial
What to do with 150k sallie mae student loans?
I borrowed a small fraction of that and was shocked when I realized I have to pay back 3 times what I borrowed. My mom is the cosigner so it's not like I can just default. I hear sallie mae is bad at letting people consolidate loans. I'm hoping that someone has had this experience and can tell me what I can do to lessen the blow. I can't afford my monthly payments.
Public Comments
- I don't understand. If you borrowed a "small fraction" of 150k, what is the original amount you borrowed?? Where did you get 150k from? Is that with interest? Are they private sallie mae loans, or federal loans provided by Sallie Mae? That makes a world of difference. Please clarify and someone might be able to help! Sallie Mae should have income-contingent payment plans that you can get. Call and ask them.
