by April 11th, 2010. Filed under: Financial Aid.
Ting Err asked:
I’ve sent in my consolidation loan application on May 30th. I’ve checked several times online before June 30th, it saids it’s processing. One June 30th, I called, the automated system told me that money is expected to go to my account on July 14th. I’ve checked today and, it made me fill out the same info that I’ve filled out in May. Then all of a sudden my application date is July 8th, my interest rate is 7.25%. Am I the only being cheated by Sallie Mae? or did they delay the application process for other poor students like me? Just wanted to know, and liked to spread the word out– that they cheat on students.
I didn’t re-do my application when I sign in. I went to their ‘check status’ webpage and signed in, before july, it had said the same thing over and over, never changed, ‘ date applied, may 30th; disbursement date: tbd; processing’ then today I checked, instead of displaying the same info, it asked me the questions that I’ve answered months ago.
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I’ve sent in my consolidation loan application on May 30th. I’ve checked several times online before June 30th, it saids it’s processing. One June 30th, I called, the automated system told me that money is expected to go to my account on July 14th. I’ve checked today and, it made me fill out the same info that I’ve filled out in May. Then all of a sudden my application date is July 8th, my interest rate is 7.25%. Am I the only being cheated by Sallie Mae? or did they delay the application process for other poor students like me? Just wanted to know, and liked to spread the word out– that they cheat on students.
I didn’t re-do my application when I sign in. I went to their ‘check status’ webpage and signed in, before july, it had said the same thing over and over, never changed, ‘ date applied, may 30th; disbursement date: tbd; processing’ then today I checked, instead of displaying the same info, it asked me the questions that I’ve answered months ago.
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Filed under: Financial Aid
April 13th, 2010 at 4:41 pm
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You should have left it alone. It takes them a long time to process the it. When you re-did the application you pretty much started all over again. Thus, the higher interest rate.
You need to call them and see what they can do for you.
btw Sallie Mae sucks, they tried to screw me out of a better interest rate. If you know you are right tell them you want to speak with their manager and do not let them keep you from talking to a higher up.
April 14th, 2010 at 1:36 pm
Kansieo.com
Did you know the Army pays off up to $65,000 in Student Loans in 3 years???
April 16th, 2010 at 10:19 pm
student loan consolidation
The automated system and telephone systems are not always up to date. Call and speak with a representative.
Good luck
April 20th, 2010 at 8:13 am
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The same thing is happenning to me. I didn’t re-enter anything, but am having a hard time getting any straight answers. I don’t do anything on-line anymore unless I have a rep on the phone the whole time. Try to call during off hours, and write down everything that happens every time you call, and who you spoke with. The more detailed information you have, the more likely it is that you can get something swayed in your favor. I filled out my app in mid-june, and got worried when I couldn’t find anything out just before the end of the month. I also wasn’t aware that Sallie Mae is a private lender. I don’t know how it is that they got all of my student loans. I just did what everyone else does. I filled out the FAFSA at my financial aid office. Then when this whole consolidation thing happened, I tried to consolidate through some other offers, and was told I could only go through them. I am not very happy, but what can I do now?