An online petition leads Sallie Mae to change its fee policy for borrower forbearance. The lender was charging students in forbearance a $50.00 quarterly fee. Borrowers seek forbearance when they are unemployed or otherwise unable to make monthly loan payments. Forbearance prevents the borrower from going into default. Read the details of the policy controversy at the link below.
http://www.insidehighered.com/quicktakes/2012/02/03/sallie-mae-alters-policy-fee-borrowers-forbearance
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