Unfortunately I made the rather large mistake of going with Sallie Mae, who I might add is probably the worst company to do business with. However, I recently just cancelled my loan with them after talking to an advisor at Michigan State and she gave me this place to contact and I just got approved from them and they offter a MUCH lower fixed interest rate. The thing that floored me the most was that I would, after paying Sallie Mae everything, have given them $105,000! Not in the least bit ridiculous, especially with their astronomical interest rates, which were still given to me even with a cosigner with very good credit. Gah, they really have monopolized the student loan industry. Champions of higher education my ass.
I also realized I didn't really need the amount I had originally though I did since I have a federal stafford loan (I didn't qualify for the perkins loan) and about 1500 in scholaships each semester and I had applied for a full year of money, so now I'm only doing half a semester. I am so glad I got out Sallie Mae, as I have heard many, many unsavory things (and especially after being tossed around by their incompetent "customer service" representatives") about their virtual monopoly on the student loan industry. Just dodged a bullet!
Check this website out on Sallie Mae
StudentLoanJustice.ORG- THANK YOU
