Sallie Mae CEO Ray Quinlan insisted the trip wasn't an 'incentive trip,' just a 'nice spot.'
As Americans across the country struggle to pay off their student loan debts—a whopping $1.6 trillion nationally—often working multiple jobs and sometimes declaring bankruptcy to protect what little assets they have left, the people authorizing those loans at one of the largest lending companies in the United States, Sallie Mae, are getting rewarded with a free trip to Maui.
Paige McDaniel, 39, described to NBC News the reaction she received from Navient—a lending company created as an off-shoot from Sallie Mae in 2014 —when she was hit with a $1,500 a month bill for the $120,000 loan she took out to get her Master's degree. "When I told them that, you know, I couldn't afford that, could we make some payment arrangements, they essentially said, 'So sorry, we'll put a lien on your house and garnish your wages if you don't make those payments,'" McDaniel told NBC News."There's no way anybody can ever dig themselves out from underneath that," said McDaniel."They just don't see that there are families on the other side of this.
As the cost of college soars, the nation's largest private student loan company is celebrating a record year of lending.Watch this story on
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Sallie Mae Flew 100 Employees To Hawaii, And You Still Have Student Loan DebtSallie Mae, the private student loan lender, flew more than 100 employees to Hawaii to celebrate $5 billion in student loans.
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Sallie Mae Flew 100 Employees To Hawaii, And You Still Have Student Loan DebtSallie Mae, the private student loan lender, flew more than 100 employees to Hawaii to celebrate $5 billion in student loans.
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