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Posts: 15
Registered: ‎09-24-2009
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DOE vs Sallie Mae Consolidation - Which one is better?

Hi Everyone:

I currently have my student loans consolidated with Sallie Mae and was considering switching to the Direct Loan Consolidation Program with the DOE (to later particpate in the Loan Forgiveness Program).

Does anyone know if there are any advantages/disadvantages to going with the DOE vs Sallie Mae? My goal is to GET RID of the $87K student loan but want to make sure I am with the right lender. I have already paid off my private loan with Sallie Mae and never really had issues with them other than the fact that I cant seem to jack down the principal on this loan even when making double/triple payments.

I have tried the startegy of calling them to apply the extra money to the principal but it still does not work with the daily interest rate accruing. Any ideas of what I can do or if the DOE would be a better choice?


Frequent Contributor
Posts: 465
Registered: ‎06-13-2008
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Re: DOE vs Sallie Mae Consolidation - Which one is better?

DOE ...hands down.  More repayment options, more loan cancellation options, better customer service.
Ex-Financial Aid Officer

Ex-Student Loan Collector
Senior Contributor
Posts: 4,383
Registered: ‎05-01-2008
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Re: DOE vs Sallie Mae Consolidation - Which one is better?

I've had both.  At least you know the score with Sallie.  DoE.  Their lose. 


I have had a LONG ugly battle (still unresolved) regarding their loan/and reporting practices.  They are part of the US govt...and they are never wrong.  Just keep that in mind when it comes to they contact you and how they report their information.



Starting Score: 02/2015 TU 709 - EQ 676 - EX 729
Current Score: 04/2017 TU 754 - EQ 757 - EX 747
Goal Score: 850

Bury me in the garden...last app 08.09.15

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