- Report: #191107
Complaint Review: Sallie Mae - Wilkes-Barre Pennsylvania
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Sallie Mae
P O Box 9500 Wilkes-Barre, 18773 Pennsylvania, U.S.A.
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Sallie Mae Ripoff fraud bait 'n' switch Wilkes-Barre Pennsylvania
I pulled a consolidation of my student loans from Nelnet because Sallie Mae offered me everything they were plus a 3% rebate. Now I've learned that they are not going to give me the rebate. This sounds like the ol' bait n' switch. Anyone have any advice.
Marilee
Goleta, California
U.S.A.
Marilee
Goleta, California
U.S.A.
1 Updates & Rebuttals
Amy
Wheaton,Illinois,
U.S.A.
Questions to ask SLM about rebate.
#2Consumer Suggestion
Fri, May 12, 2006
If SLM offers you a rebate I would ask these questions: 1. What is my interest rate before the 3% rebate? 2. What is my interest rate after the 3% rebate? 3. Is the 3% rebate towars the principal balance of the loan or the capitalized interest of the loan? 4. How and when would you recieve the 3%? 5. Can I have a copy of the rebate offer (diclosure information). 6. Are there limitations or rules that would effect any other locked in interest rates if I accepted the 3% rebate offer towards consolidation of my current loans. 7. Is there an arbitration statement or a clause I need to be aware of? 8. How will this 3% be applied onto the billing statement? Ask SLM questions. Don't beleive everything they say. Don't sign or accept anything until you have a copy and have someone else read it over. Read the fine print. I have loans from SLM. Consolidated and private (career training loan). I am happy with the consolidation but the private loan a disaster. To save your self stress read everything before you sign or say yes to the rebate.
