Sallie Mae is handling funds like the mortgage companies did. Sallie Mae has interest bearing accounts with their "private loans" sections. Payments go towards interest which keeps adding up, so the payments are never-ending. Sallie Mae does NOT provide accurate percent rates on their loans. In writing, 4%, on payment %8.5, and no rate reduction possible. Previous parent plus loans already in extended payment plan at 4%. Student loans by children include "private loans" which are interest bearing for Sallie... read full review »