Sallie Mae loaned my son the first loan at 3.25% interest that lasted for 3 semesters. When we applied for $4700.00 with me as a co-signer with an excellent credit rating, they upped the interest rate to 11.25%. Which he will own $14, 700.00 for the $4700. They are getting federal assistants but are charging uncalled for interest rates. DeVry where my son goes only offeres Sallie Mae and signs people up as quickly as they can. In July I paid the $4700 note off. Now I just have the one loan that I co-signed but when I sent then $300.00 in... read full review »