OCCUPY STUDENT DEBT

Student debtor stories submitted by the 99%

Sallie Mae changed my status between semesters and capitalized my interest

While in school for 4 straight years Sallie Mae changed my status between semesters and capitalized my interest making a $60k loan balloon to $100k. Saying that my “status” changed. It didn’t I was in school and it should have been an in school deferment. That is on my private loans. That’s criminal.


Boehner insists his support for Sallie Mae has nothing to do with the  dinners, contributions, occasional rides in Sallie Mae’s corporate jet  or any other political favors he enjoys.
Rather, he says, it comes down to a firm belief: The idea that the  government can do a job cheaper than the private sector, he says, has  always been “laughable to me.” And if government figures and budgets  show the opposite, well, their calculations are wrong, he says.
                     -Stephen Koff, Cleveland Plain Dealer

Boehner insists his support for Sallie Mae has nothing to do with the dinners, contributions, occasional rides in Sallie Mae’s corporate jet or any other political favors he enjoys.

Rather, he says, it comes down to a firm belief: The idea that the government can do a job cheaper than the private sector, he says, has always been “laughable to me.” And if government figures and budgets show the opposite, well, their calculations are wrong, he says.

-Stephen Koff, Cleveland Plain Dealer