I'm on hold with SallieMae right now, and have been for 21 minutes. I'm being transferred to a manager because no one can help me. Because I'm serving with AmeriCorps until December 2009 I have to put all of my loans into forbearance. While this is a simple task if all you have are Federal loans (those automatically get put into forbearance because I'm a VISTA), private loans are a different story.
When I started VISTA in December 2008, I had initial trouble getting everything squared away because the Corporation (for National & Community Service) doesn't tell you that private loans don't qualify for their special forbearance. I eventually got it all figured out and was able to put my one private loan with SallieMae in forbearance for 3 months and would have to apply for it again (with a $50 charge) every time after that. Fine, whatever... it has to happen. Well, on March 23, 2009 I called SallieMae and put my loan into forbearance again and was charged the $50. Yesterday (April 2, 2009), I got an email that said something had changed on my account website. I went to check it out and discovered that my loan was 22 days delinquent! I gave them a call... Well guess what? JP Morgan (my lender) denied my request for forbearance this time!!!!! Why? I have no clue!!! And guess what else? One payment for this loan is about the same a my living stipend for 2 weeks! Just great!
At this point, no one have answered and I think I've been hung up on. I will call them back... wish me luck...
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