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Who Should We Use for Private Student Loan Consolidation?

Who Should We Use for Private Student Loan Consolidation?

Question: Dear Steve, My son’s student loans are now due through Sallie Mae (not federally funded). Seven loans totaling just under $40,000.00. The interest rate for each loan varies from 7.25% to 9.625%. We are looking to consolidate into one loan with one monthly payment. We have received a lot of mail offers and wonder …

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Does Navient Have to Forgive All My Private Student Loans?

Does Navient Have to Forgive All My Private Student Loans?

Question: Dear Steve, I have eight private student loans past the statute of limitations, which fell off my credit report, with interest combined to over $200,000 debt value. One loan, the largest loan in my account, has been forgiven by Navient, which I recently learned via email. I wanted to share this email with you, …

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Are My Private Student Loans Are Past the Statute of Limitations?

Question: Dear Steve, I have an education loan I took out in 2003, which was initially about 85,000 and is now about 120,000. But unfortunately, I cannot afford the monthly payments, and it is a private loan. I have tried to maintain it out of default for years with Income-based plans, deferments, etc. I recently …

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I’m Not Coming Back to the U.S. So Can I Stop Paying My Private Student Loans?

Question: Dear Steve, I graduated from a college in the United States that closed. My federal student loans are current thanks to the pay as you earn program, but my private loans are in default. I don’t currently live in the United States and have been granted Citizenship in the country I currently reside in, …

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I Tried to do the Right Thing With My Private Loans and Was Sued Instead

Question: Dear Steve, I went to a for-profit school, over 10 years ago and in the process took out private loans. Since then, I have been contacted by a debt collector who I wasn’t aware I did not have to pay (the debt was over 10 years old and was beyond the statute of limitations). …

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