Author Archives: ronniesandlin

Sallie Mae Splits Into Navient And What You Can Do About It

A flag flies outside a Sallie Mae building in Reston, Virgin

  The recent split of Sallie Mae will affect federal student loan borrowers and some private student loan borrowers who had loans serviced by Sallie Mae. These loans are now serviced by a new company called Navient. Navient was created when Sallie Mae split itself into two companies this year. All the federal student loan accounts went to Navient, while ... Read More »

Sallie Mae Forced To Pay Back Nearly $200 Million To Student Borrowers

A sign for SLM Corp., also known as Sallie Mae, hangs outsid

Sallie Mae struck a deal with federal authorities to resolve allegations that the nation’s largest student loan company cheated student loan borrowers who were being charged late fees. The Department of Justice, Federal Deposit Insurance Corp., and Consumer Financial Protection Bureau are among the agencies investigating whether the company violated federal consumer protection laws and statutes that prohibit discriminatory lending,  and wrongfully processed ... Read More »

Sallie Mae Splitting Into Navient Has Many Anticipating Student Loan Forgiveness

A flag flies outside a Sallie Mae building in Reston, Virgin

Sallie Mae recently split into two companies. One of the companies will remain Sallie Mae the other company will become Navient. This is causing economic hardships for millions of Americans who are unable to pay back their student loans. To make matters worst the compounding interest on this debt creates a snowballing effect that makes it next to impossible for millions of ... Read More »

Sallie Mae Forced To Pay Back Nearly $200 Million To Student Borrowers

A sign for SLM Corp., also known as Sallie Mae, hangs outsid

Sallie Mae struck a deal with federal authorities to resolve allegations that the nation’s largest student loan company cheated student loan borrowers who were being charged late fees. The Department of Justice, Federal Deposit Insurance Corp., and Consumer Financial Protection Bureau are among the agencies investigating whether the company violated federal consumer protection laws and statutes that prohibit discriminatory lending,  and wrongfully processed ... Read More »

Senators Ask Dept. Of Education To Forgive Student Loans

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Carrying tens of thousands of dollars in student loan debt has become the new normal. Many students who attended college with student loans are realizing that their education isn’t getting them the job they’d hoped for and now they’re stuck with extreme amounts of student loan debts. Many  students didn’t even earn a degree but are left to pay for a tremendous ... Read More »

Here Is The Average Student Debt Burden In Each State

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This interactive map, built by Debt.com, a personal finance website, displays data by state on the average student debt load of graduating seniors from colleges in each state (so if an Arizona resident attended college in California, her debt statistics would be included in California’s averages). Darker shades of blue imply larger student loan burdens, while lighter shades imply smaller ... Read More »

Debt Settlement Programs

Debt Settlement is more important now than ever before. Across the country, millions of people are finding it more and more difficult to meet their financial obligations. As mortgage interest rates rise, Adjustable Rate Mortgage (ARM) payments skyrocket. Credit card late fees continue to climb higher. Lenders keep offering credit to people who are in desperate need of help, but ... Read More »