Sallie Mae will credit $50 fee to suspend payments
NEW YORK (AP) — Private student lender Sallie Mae is changing how it handles a fee it charges struggling borrowers who seek to temporarily suspend payments.
Sallie Mae isn't cancelling the $50 fee, but said it will now apply the money toward the borrower's loan balance if on-time payments are resumed for six months in a row.
The change came after an online petition asking the company to drop the fee colle...
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