So now she is putting more effort in to her panhandling site. In the freshly added section listed as “Same Boat?” there suggestions like applying for scholarships and how to  work on budgeting. The funny thing is that she does not recommend that people slap up a website and get suckers to donate 1000$+ per day to dodge their responsibility while offering nothing back to society.

Here this guy has had his donate button up since May with no donations .. Wonder the difference is between the 1k per day website.. surely not effort.

http://pledgie.com/campaigns/4302

Another..

http://donatetomystudentloan.com/index.html

Another..

http://www.brendansstudentloans.com/Default.aspx

This website is pretty disturbing.. A how to for online begging. Rationalizing it as “Any kind of huge consumer debt, whether it is credit card, loans of any kind, etc. hinders an individual from being able to accomplish goals throughout their life”

http://donatemoney2me.com/Please-Donate/JT4248M59.htm

I can see a wave of people from Nigeria starting donate to my student loan scams because of the supply of Americans that are scamable..

I was going to comment on this persons blog but they don’t have the option enabled.

The fact that this website exists is what I think is wrong with America…

I really like the use of “We” like this is a team effort..

Apparently some people that think more like me and are disgusted by this sent her some emails and she posted:

The bottom line is she slapped up a website with no content with a big donate button. We are not stupid we know exactly what she is doing.. Furthermore if you don’t want to come across as a beggar you might not want to put down that your GOAL is 200,000$ in donations.  To restate, the goal is that strangers pay for 100% of the student loan..

And of course it is rational to say that having strangers pay for your student loans is not taking the easy way out.

And yet the donate button still works because .. hey.. free money is free money..

Why are these people donating and encouraging this kind of behavior.

The new Sallie Mae website is missing one piece of information that used to be prominent…Interest Accrued. The old login page had this information front and center and every time you logged in you would see just how much you owed them in interest since the last time you paid them.

Now the number is hidden and I cannot find it.. Why would this number be hidden? .. simple out of sight out of mind. Now the only way you can do it is knowing what day your last payment was applied and using the "accrual calculator" to figure it out. This number was important to me to get an idea of what would be going to my principal, something Sallie Mae clearly no longer finds important.

** just found it somewhere.

Only if you pay your bill through their website will you see this information. People who just send a check you will need to pretend like you are paying through their website using the “pay now”.

Seattle lawyer sues Sallie Mae over collection phone calls – Puget Sound Business Journal (Seattle):

This is the response I got.

Here is my recent payment history

Loan Summary 1-03 (clearly showing nothing from the monthly payment on  10/27)

These people are a complete joke… Looks pretty obvious to me that they are full of it.

Upon looking closer it appears they have just decided to remove my loan from my billing group. I swear if somebody told me all the things a company would do prior to this I would be skeptical. They seriously just do whatever the hell they want…. I can’t even believe it …

I sent me electronic payment on 10/24 as well as Citibank sending them a physical check on the 23rd. Both payments cleared on the 28th. This is like the story of the tortoise and the hair except they finish at the same time. As of 10/30 neither payment has posted to my account.

Why oh why would it take so long?

Here is my theory …. They calculate the interest that you are paying on your outstanding principal on a daily basis and if you are sending a payment that will lower your outstanding principal that would mean less money on subsequent interest calculations. While my principal would only have dropped 85$ for the last couple of days that they were calculating interest I can’t figure out what this translates to but I am guessing a couple of cents a day right? But let’s think about that.. A few cents extra per payment (variable because allot of people have way bigger loans than I do) * per "customer" * number of months the loan is active. As you can see this could be a big number of "free" money.

While looking into the impact of the money that should have come off my principal I found this Accrued Interest Calculator utility on the Sallie Mae Website witch I had not seen before. It is under the customer support > Calculators > Interest Accrual Calculator. Currently mine is at $7.07 per day so I would have to do the differential whenever they decide to finally apply my payment.

(now 5 days since payment has cleared my bank)

(now 6 days and have been placed in the cursed auto dialer from hell)

Checked payment history and the 10$ physical check has posted to my loan beating the ELECTRONIC payment that was sent 1 day later.

(now on the 7th day it posts)

However they back dated this to October 27th (before it cleared my bank) like nothing ever happened. How can I keep track of these loans when they just change dates?

How did this impact me? well what about the dollar amount that was supposed to be applied to principal? did they base the payment to principal off of the 11/4 date or did they go back and apply it to the amount that was outstanding as of 10/27 that date they are now claiming the payment was applied to my loan?

Either way the 86$ that was applied to my loan reduced my daily interest from 7.07 to 7.06 so for those 6 days that they sat on my payment for no good reason logic would say that they at least pocketed .06 cents on top of what the the larger payment to principal would have lowered the daily interest….

I found a press release that says Sallie Mae has 10,000,000 customers so a potential .06 cent “mistake” per customer in a month = 600,000$ or 7.2 million a year. I don’t know.. it is so hard to keep track of what they are doing you seriously have to take screenshots of every page every day because they just change dates and numbers.

My response was to send the nastiest email I have ever sent , laced with the foulest language you could think of. I did not even feel the slightest bit bad. This company goes so far out of their way to waste my time they deserve a special hell….

So I checked my account today and all transactions for the last month have been corrected. So the moral of the story is that Sallie is a dirty dirty girl and she likes the dirty talk .

Can you please send me details on how your billing groups work?
let’s say I have 4 loans at 25$ a piece per month.
Rolled those into a billing group so now it is 100$ a month
Now let’s say I make an extra payment to 1 of those four loans (if you can manage to read the memo on the check).
So for this given month I owe 25$ / 25% / 25$ / and 0$
Since this is in a billing group I still send my payment of 100$
How is it that the you do not apply the payment as if the extra payment never took place?  I am expecting that payment of 25$ to STILL BE APPLIED to my loan as it normally would.
I don’t know of an easier scenario… please explain  how your billing group works and how you can decide to redirect funds allotted for a specific loan #.

I send them an email a few times a week telling them how to apply the payments.. They still do it wrong.

So help me god if I get put in the auto dialer again because they can’t read or have a collective IQ of 4 I may just freak out……

I pay about 100$ over my minimum payment every month and they do everything they can to not apply my extra payments to my highest interest loan ( they want to milk it for 30 fricking years…and I only owe $1100 on that loan # @ 13.5 %.)

All I can do now is write government officials and with Sallie Mae’s high campaign contributions how effective do ya think that is going to be?