Sallie Mae is the largest lender of student loans both Federal and private in the country. They currently have no payment plans to apply payments to principle first and then interest. The offer several payment plans although each one is designed to apply interest first which makes paying back a student loan harder to do and longer to pay off. With student loan debt dragging an entire generation down, while holding back the economy from growing, a smart move would be to create a payment plan that allows borrowers to see the principle amount of the loan decrease faster and the potiential for a quicker payoff. With current plans, students will be paying 3-4 times the principle in just interest alone! Act now so we can get America back on track and not a nation full of debt!



