You are always hearing about affordable repayment plans for Federal Loans but Private Student Loan companies have little to no afforadable repayment plans for students who have loans with them. Private Loans (ie Sallie Mae) take advantage of their loan holders. For instance, depending on the time you recieved a loan from Sallie Mae: they do not allow you to consolidate if you have more than one loan through Sallie Mae and they have high interest that add up while still in school. These Loan companies don't even explain the rules when giving you money for school. They expect you to pay a couple hundred dollars a month then tell you they can do nothing for you when asking for a lower payment. Government needs to step in and make sure everyone is getting a fair chance at repayment.
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