Fed Financial
What is Sallie Mae?
I'm a new student, and applied for a susidized stafford loan through Citibank. But I just received a letter from a company called Sallie Mae. The letter states that they recently received a loan application through my school, and that I need to complete an application on the web to secure my loan. What is this? Aren't I suppose to be just dealing with Citibank
Public Comments
- They are a MEGA-GIGANTIC banking firm. Companies buy and sell and trade loans and mortgages all the time. However, I think that Sallie Mae must've been explicitly associated with Citibank from the start of your transaction. Go back and look at all the fine print.
- OMG, Sallie Mae is awful. But if you have debt from school, you should check out this non-profit: http://www.schoolloanlottery.org They're legitimate and pay-off education debt up to $100,000, and all donations go to the cause.
