foreclosure, repossession, tax lien, wage garnishment or write off is managed by Sallie Mae. This is a monthly payment. plan, not a loan; you will not be … Retreive Document
debt in the form of wage garnishment could see an increase in. the amount garnished, from 10 percent to 15 percent of their dis Sales, New England, in the newly formed Sallie Mae. Graduate and Professional Program. Ann was previously … Retreive Document
Loans is the Department of Education, not Sallie Mae or any other lender. foreclosure, repossession, tax lien, unpaid judgments, wage garnishment; or has a write- off of a /title IV debt. any of the above during the five … Retreive Document
Sallie Mae, the nation’s largest student lender, has hired several collection agencies to help it go after unpaid Among these powers are wage garnishment, tax refund seizure and … Retreive Document
Established the Student Loan Marketing Association (Sallie Mae) to. be a national secondary market for student single parents with disabled children, certain school teachers, minimum wage mothers with … Retreive Document
Sallie Mae is a registered service mark and Champions for Higher Education is a service SLM Corporation and its subsidiaries, including Sallie Mae, Inc., are not sponsored by or … Retreive Document
huge losses; for example, Sallie Mae. reported a loss of $104 million for the first offs, wage cuts and foreclosures, more workers are com- ing to the stark realization that the so-called “American. Dream” was … Retreive Document
Sallie Mae and GuaranTec. An eleven-member evaluation team consisting cost was just over $45 million for the Sallie Mae proposal and approximately $48 … Retreive Document
are active duty member who are deployed protected from third party trying to collect private school loans?
my wife is deployed and I am getting third party trying to collect on a private school loan from sallie mae I told them that she faxed her orders but they told me that federal loans are protected and can be deffered but not private loans is this true should I contact base legal they did not want to give me any information like name or contact number they also threaten me about wage garnishment
Stafford, Parent PLUS, Graduate PLUS and federal consolidation loans include an automatic deferment feature, but private student loans are only eligible if the loan agreement specifically provides for a military deployment deferment. Many private loans do NOT offer this feature.
You’ll need to pull out a copy of the promissory note that your wife signed when she applied for the loan. That’s where you’ll find your answer.
There’s nothing illegal about trying to collect a debt from a serviceperson who is deployed, so I’m not real confident that base legal will be able to help you. It’s possible that a letter from the service will help persuade Sallie Mae to grant your wife an optional accommodation, but that’s going to be their determination.
I wish I could tell you that an individual on active duty was somehow automatically provided with an extension of their repayment obligations, but there’s just no such thing as a matter of law.
I wish you the best of luck – and I hope that your wife is home again, soon.