After 50,000 sign petition, company said it will apply good-faith payments to customer balance when on-time payments resume.
It appears the thousands of petition signers asking Sallie Mae to stop charging student loan forbearance fees to unemployed college graduates are out of luck.
More than 50,000 people have signed a petition on the online advocacy platform Change.org calling for education financier Sallie Mae to stop charging fees for late student loan payments, Change.org announced.
Education financer adds mobile banking for customers of its certificate of deposit, savings, checking and money market accounts.
The popularity of Sallie Mae’s Smart Option Student Loan referral program has increased significantly among credit unions since its inception. About 500 credit unions are now participating in the program, which allows them to refer members to student loans that are underwritten, funded and serviced by Sallie Mae and earn...