Is it possible to get discharged from Sallie Mae?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Is it possible to get discharged from Sallie Mae?
After I graduated from high school I attended college, however it closed down while I was in the middle of getting my degree. I was told that all my credits would transfer, but none of them did. I know that for federal loans there’s a law stating that students may be discharged from a loan if a school closes but can I get discharged from Sallie Mae’s loan since I never received anything? None of my credits transfer and I never finished my course of study? I have read horrible things about Sallie Mae and their costumer service, so I’m worried that they discharge me and then keep billing?
Asked on August 11, 2011 New Jersey
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
First, maintain all communications with Sallie Mae in writing; do not leave everything to simply verbal communications. Second, contact the agency in your state responsible for regulating Sallie Mae and file a complaint to at least get the ball rolling. Next, contact the entity who closed down the school and find out what steps you need to take and then dispute the loan with your credit agencies. You may find this latter method may be effective. You are correct, most educational loans can be discharged if the school closed down, so make sure you review your particular loan package documents to see if there is a provision about that in it.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.