Thank you for highlighting this new economic scam. ("Students learn too late the costs of private loans," Dec. 27.)
I received federal loans that did not cover everything, and I was referred to the Signature Student Loan from Sallie Mae by my school in Pittsburgh.
I received my master's degree in psychology, and I currently owe more than $60,000 in both federal and private loans.
To make things impossible, I owe about $600 a month for the next 30 years, and I only make $30,000 a year. I will probably never make much more than this, and I can barely keep my head above water.
This is a burden that has led to more stress and anguish than a therapist should have to deal with and makes my degree seem worthless. I hate Sallie Mae.