Petition Closed

Defaulted Student Loan

This petition had 2,433 supporters

My student loan which totals $37,000.00 defaulted in 1996. Since 1999 I have been paying a wage attachment to Sallie Mae and have paid over $68,000.00 dollars in INTEREST and not one penny has been applied to my principal. Sallie Mae is stating that I owe $45,000.00 dollars as of 1/1/2012. This is important because I feel that Sallie Mae has taken advantage of me and many Americans who have defaulted student loans. Sallie Mae needs to honor the fact that I have paid over $68,000.00 and this need to be applied to my principal so this issue can be closed. If not, I need the voice of Americans so we can get national attention put on this issue as I'm sure with the state of the economy, many more Americans will be in default status.

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