Sallie Mae Forced To Forgive Student Debt To Over 100 Million Students

Ad

saliiemae

WASHINGTON, D.C. – 

Sallie Mae, the leading scam group of vile assholes to whom more than 250 million people owe their lives and money to, is being forced by the United States government to forgive the debt of nearly 100 million current and former students, thanks to new laws passed by President Obama.

According to the White House press release, Sallie Mae will be forced to wipe the slate clean for nearly 100 million students, as it was found that the company used lies and deceitful tactics in securing loan repayments from people.

“I was told that if I paid $50, that I could have an extra six months to start payments, because I was out of school, but hadn’t started work yet,” said Mark Downs, a former student at UCLA. “I paid the $50, and then a month later I get calls from collection agencies. Sallie Mae had turned me over to outside headhunters to get their money. When I told them that Sallie Mae had said I’d have six more months, the rep for the new company said, ‘yeah, they tell that to everyone.'”

Those kinds of practices lead president Obama to work with congress to secure laws that would not allow for-profit companies like Sallie Mae to deal directly with students, causing most debt to be wiped away.

“This company, and several others, have lied people to and falsified information, and they deserve to be punished,” said President Obama in the press release. “We have worked extremely hard to make it so that people who have been hurt financially and emotionally by this company do not have to pay money that, in other circumstances, they would have been able to pay.”

There is currently no word on when or how the program will be put into effect.

Comments

comments

Design & Developed By Open Source Technologies.