A Sallie Mae borrower has said a student loan balance climbed from £62,000 ($84,000) to £185,000 ($252,000), and now faces a choice between paying rent and paying the loan. The borrower said that a partial payment had been made this month, but £577 ($785) remained due by Friday.
'It's literally a choice between paying rent or paying Sallie Mae,' the post said. Late payments had already lowered the borrower's credit score, and the borrower expected the account to be charged off if the payment was missed.
