By Tom Stillwagon |Staff Writer| A growing online petition has student loan giant Sallie Mae re-examining the $50 forbearance fee it charges private borrowers. On Tuesday, Feb. 7 college student Stef Gray held a press conference on starting a petition against Sallie Mae on a website called change.org. The petition has grown to more than 110,000 names in the last two weeks. Gray is in opposition to a $50 forbearance fee charged to borrowers, a fee Sallie Mae charges to postpone repayment until the borrower can afford to resume. The monies collected were referred to by Sallie Mae as “good faith deposits” even though none of the money was refundable or being applied to borrower's … [Read more...] about College student starts petition against Sallie Mae
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