Tag Archives: Default documentary

The Oodles of Fun That is the Student Loan Bubble

My loans have shifted from Sallie Mae to My Great Lakes which would be fine, except that My Great Lakes applies payments however it wants! With Sallie Mae I could put my payments towards the principal, but now zero goes to principle.

This is obnoxious! I mean, come on! This left me no choice but to pay the lump sum of interest so that I can start paying the principal plus the lesser amount of interest that accumulates every month.

As you can tell, I am not amused.