Sallie Mae flies more than 100 employees to Hawaii to celebrate $5 billion in sales while student debt crisis tops $1.6 trillion
“I thought they were the same kind of loans,” McDaniel, of the Denver suburb Elizabeth, said. A mother of two, she borrowed $120,000 for her tuition at Lakeland College for a master's in business administration, to help with the cost of living as she worked through school.
Paige McDaniel, 39, owes $304,000 in student loans, after taking out a $120,000 loan with Sallie Mae six years ago.Now, McDaniel owes $304,000, even though she declared bankruptcy to protect her house after being unable to make her payments. She’s hired an attorney to sue Navient, arguing that bankruptcy should have cleared her debt because it was a private loan.
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