Sallie Mae
Coverage of Sallie Mae in the Nexus archive.
- 3 Unique Perks of Sallie
Sallie, a well-known private student loan lender, offers three unique perks: a Graduated Repayment Period allowing interest-only payments for 12 months post-graduation, loan options for students attending school less than half-time, and specialized loans for non-traditional programs like residency, bar exam prep, and coding bootcamps. The company also provides benefits such as no origination fees and a cosigner release option, though it faces negative customer reviews and lacks refinancing options.
- [US] Private Student Relief promises a reduction in principal and no interest rate on $244k in private student loans
A couple faces a private student loan debt crisis totaling $245,023.66 from three Sallie Mae loans. They evaluated debt relief options, including a private debt relief company (PDR) offering 0% interest over 60 months with $1,956/month payments, but the program requires immediate loan default and carries risks like credit damage, potential lawsuits, and IRS tax obligations.
- Founder of Shark Tank-backed startup Scholly sues his acquirer Sallie Mae
Chris Gray, founder of Shark Tank-backed startup Scholly, has sued Sallie Mae, his acquirer, alleging wrongful termination and unauthorized sale of student data via a subsidiary. Sallie Mae denies the allegations and plans to contest the lawsuit.