Sallie Mae Loan Forgiveness

For Private Student Loans

Sallie Mae, a private student loans provider of for-profit colleges has had its fair share of lawsuits. In 2007 a class action lawsuit was brought against Sallie Mae alleging the company discriminated against African American and Hispanic private student loan applicants by charging them high interest rates. That same year documents surfaced showing that Sallie Mae attempted to use the Freedom of Information Act to force colleges to turn over student personal information. If you took out a private student loan from Sallie Mae you may qualify for one of the private student loan forgiveness programs. If you are a victim to the predatory practices of for-profit colleges, you may qualify for one of these programs or for debt invalidation. We highly advise you call us immediately to see how we can help. Give us a call at (888) 861-5207

Timeline of Events

1972

Sallie Mae was founded.

2005

Former employee Michael Zahara filed a lawsuit against Sallie Mae alleging it had a pattern and practice of granting forbearance in a purposeful effort to increase total student loan debt.

2006

A 60 Minutes special ran that examined Sallie Mae and its business practices.

2007

New York Attorney General Mario Cuomo launches an investigation into alleged deceptive lending practices by student loan providers including Sallie Mae.

2007

Documents surface showing Sallie Mae attempted to use the Freedom of Information Act to force colleges to turn over student personal information.

2007

Class action lawsuit is brought against Sallie Mae alleging the company discriminated against African American and Hispanic private student loan applicants by charging them high interest rates.

2011

Lawsuit is settled and Sallie Mae agrees to make a $500,000 donation to the United Negro College Fund.

2014

Attorney General Lisa Madigan announces an investigation into Sallie Mae’s debt collection practices and loan servicing practices will open.

2015

Sallie Mae is forced to pay $3.3 million back to student loan borrowers.

Loan Forgiveness

In cases of for-profit school closures: You may qualify for one of the private student loan forgiveness programs.

If you went to a for-profit collegeĀ and took out a loan via Sallie Mae, you may qualify to have your loan invalidated.

See If You Qualify

Fill out the form below or give us a call at

(888) 861-5207

Verify Eligibility