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Call for Government Intervention Regarding Sallie Mae's Unfair Lending Practices
Petition Background (Preamble):
So far he has paid Sallie Mae around $5,000. However, he owes $20,000 now as $3,000 more has accrued on his principal. Can someone tell me what is wrong with this scenario?
There are more people like him who have even higher balances on their loans. Student loans with Sallie Mae have become a type of indentured servitude. It is a trap! Where our young people should be working jobs they enjoy and saving money for a house, or to start a family, they are forced to pay back this greedy student loan lender.
They have charged high interest and have taken advantage of our young people. Action needs to be taken to assist debt-ridden graduates or action is necessary to force Sallie Mae to change its business policies!
The Call for Government Intervention Regarding Sallie Mae's Unfair Lending Practices petition to Congress was written by Samantha and is in the category Human Rights at GoPetition. Contact author here. Petition tags: sallie, student, loans, greedy, action, congress, principal, described, unfair, lending, practices, interest, college, sallie mae, student loan, young people, our young, his principal, unfair lending, lending practices,