Client Review on Sallie Mae Bank

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Sallie Mae preys on the young and naive. How is it that American youth are even allowed to make a decision regarding student loans that can affect them for the rest of their lives, during a time where they still have to ask permission to go to the rest room? Shame on Sallie Mae and shame on our federal government for supporting such a predatory system!Saddled with debt at a 10-11% interest rate. At $1200 a month. My loans cost more than average rent in my state. After two years of consistently paying, while living with my parents. I've only knocked off $2,000 dollars from a 100k loan. No option to consolidate. No chance of refinancing. I'd have no issue with paying if their was some form of IBR based plan (like FASFA loans), but nope. Sallie Mae will never offer you anything until after you default and ruin your credit. Nor does the government care, by refusing to allow student loans to be discharged through bankruptcy (which would also kill your credit, but at least it would eliminate the debt). At one point I was even suicidal.I've settled with defaulting. I'd rather take my chances against the idiots in collections than I would dealing with these payments. At the rate I'm going, I will die with this debt. I'd rather my credit be ruined for the next 7-8 years than deal with this any longer. Corporations like Sallie Mae are run by sociopaths who only care about the almighty dollar. It serves no purpose in trying to work with them. The best chance we graduates have against these predatory tactics are a mass strike. We could crush the banks by simply refusing to pay. They've already made more than enough money off our blood, sweat and tears. I urge anyone to default as soon as possible. Look into your state's "statue of limitations". Private student loans still apply to the SOL. For example, in my state, the SOL is 4 years. After 4 years of not paying, Sallie Mae (or any collection agency) can't attempt to sue me for the debt. After 7 years, the debt is wiped from the credit report as if it was never there ,and my credit will be pristine again. Consult with a student loan lawyer, purge any assets you have before doing this, get yourself a car (or even better a car payment, so that the vehicle becomes secured through a bank) and just default. Its the only way to beat the student loan corporations at their own game. Also check out r/studentloandefaulters for some nice tips and stories. CRASH THE SYSTEM!NO PAY FOR SALLIE MAE!