Student Loan Scams 1 - Sallie Mae, Part 1

Sallie Mae is the largest student loan company. We look at a 60 Minutes report on Sallie Mae and how Sallie Mae, with the help of government, makes a lot of money off of student borrowers.

Category:

Education

Tags:

• sallie
• mae
• student
• loans
• college
• university
• education

[cave13]

i have a website/blog and while i was doing some research to find out was laws govern the student loan companies. But i have found instead of laws that govern them i came across a site that talks about loop holes and confirmed them with u.s. deportment of education. I have posted some of them that haven't been repealed yet at stopsalliemae.weebly.com i have a petition that will bring tougher regulations to the industry on the site to located on the info page.

[DontGoToCollege]

@cave13 I just checked out your website. Great job! You've got a lot of great information there.

[specter290]

to the video creator: hey man i got to a community college, im currently a freshman going to a senior and i have to do an essay for my english compisiton class. im going to a transfer to a 4 year public school but 4 year public schools dont cost so much. thx for videos, im watching them so i can get more information and what to write about and so that i have an idea on what my thesis statement is. my thesis statement is going to like this: is college just another form of gambling?

[DontGoToCollege]

@specter290 that's an interesting thesis, college is a gamble especially if student loans are involved

[lostprophet912]

I always thought it was funny how people always talked about "predatory home lenders". What about student lenders? They loan kids from 18-22 years old, with no job, over 100K unsecured that can not be discharged in bankruptcy!

[NowLifeStarts]

Sallie Mae will give a loan to an unemployed retard with zero work history. Then they will add penalty fees when the retard can't pay. Then they will just ask the government for millions of dollars since the retard isn't paying. Then they will continue to call the poor retard for the rest of his life or until he dies from too much stress. Fuck Sallie Mae.

[secretident2]

May God curse their souls, is all I can say.

These people are no friend of us and don't wish us well.

[Dickie9028]

Aerospace engineer are needed in other countries.... just leave, I did and never looked back. my loanS are maybe 200k by now !!!!! Living upper-upper class in _______. ( can't say)

[cave13]

there is also an app on the android market which is free and it is called "record my call" if you use while you talk to them you can use the recorded call as quality assurance for your self and you can use this in court but you must let them know that you are recording them some wont mind but other will say its against our policy. it gets them a little scared when you start recording phone calls

[probrojeffro]

It encouraged private banks to make loans to students who were a credit risk. Technique sound familiar? Then it went independent to GREAT advantage.After a while the loans 'explode'! Sound familiar those who lost your homes?

[cave13]

hey whats up everyone i have fallen victim of sallie mae and now i have started a petition to make tougher regulations against the industry on how they collect their money, must show how they came up with a the fees and penalties, they cant hurt the bower finical expense which a lot of them do. The petition is located on my site and theres a survey please vote and fill out the survey i need 25,000 votes to bring it to the pres. attention. stopsalliemae.weebly.com

[philosophergenius]

Salle Mae wouldn't get a fair shake because they don't know how to answer questions without looking stupid.