As someone who is DEEPLY in “knowledge” of the Sallie Mae student loan system, I both applaud and condemn this new policy. I think their positioning of “trying to help students in the long run” is a veil for the real reason behind the change. Within 2 years, Sallie Mae will not exist (fingers crossed) since nobody can afford to pay back their loans. This is just one last attempt to get as much money from these suckers as they can before Obama sweeps in and gobbles them up. And when that happens, I’ll be much happier sending my check to the gov’t than to this bitch Sallie each month, that’s for sure.
Sallie Says Students Should Suffer While Still In College (As Well as After): http://www.reuters.com/article/marketsNews/idUSBNG43818220090319