Question: Dear Steve, I have student loans from 40 years ago that has gone from 18k to over 70k. I also have 1 loan for my son’s freshman year of college, now about 18k. I paid some of mine years ago but then went through a time of multiple layoffs and low-paying jobs in the … Read more
Question: Dear Steve, I went to High Point University in NC a private institution in 2012. Graduated finally in Dec 2017. I of course took out student loans both federal and private. Private being Sallie Mae. I came home in Dec 2017 after graduation had no job for 2 months and Sallie wanted payment because … Read more
Question: Dear Steve, I owe Navient over $80,000 in student loans. I stopped paying in 2018 because they misallocated one of my payments. They called people who were not listed on my MPNs. When I asked a supervisor about repayment options, I was told it was at their discretion what they tell me about all … Read more
This suit filed against Sallie Mae Student Loan Corporation, Ascension, Navient, Equifax Information Services, Pioneer Credit Services, Trans Union, and Experian Services Corporation would be unbelievable if all the facts asserted are proven true. I’ll keep an eye on this suit but for now, here is what we do know. In Texas, in December 2020 … Read more
In a bold move, attorney Austin Smith has filed an involuntary Chapter 11 bankruptcy case against Navient Solutions on behalf of student loan debtors. While this is early days and Navient has not had an opportunity to wrangle its the massive legal department to respond yet, they will. And I think it is safe to … Read more
Question: Dear Steve, I am a student loan holder, in re-payment since 2005. My loans were Federal Direct Subsidized Student Loans that were consolidated, and are currently owned by Deutsche Bank (serviced by Navient). This may be of interest to your readers. There have been various conversations around student-loan forgiveness. From what I have heard … Read more
Question: Dear Steve, Sallie Mae->Navient steered me into and consolidated my student loans, 7% interest-been paying for 22 years on one and since they consolidated when I finished my MS in 2007, looks like it’s only been 13 years. Now I’m a lung cancer survivor, 61 years old with ongoing health problems and the balance … Read more
Let’s hope that August 31, 2020, can be remembered as an important day in the fight to break student loan debtors free from the lifelong debt slavery of student loans. The appeal court opinion in a case involving the discharge of Navient private student loans was McDaniel v. Navient. This case involved Navient Tuition Answer … Read more
Question: Dear Steve, I have paid Navient/Sallie Mae roughly $63k over the past 10 years but my balance never goes down. My original principal was around $40k. Should I consider just stopping payments? Casey Answer: Dear Casey, I can certainly understand how you would feel this way. You are making the payments required but it’s … Read more
Question: Dear Steve, I recently discovered that my son’s student loan is on my credit report. I filed for bankruptcy in October of last year and just happened to check my credit score to find it there. I have disputed it with TransUnion and am waiting for the outcome. I did not co-sign for this … Read more
Question: Dear Steve, Some loans moved from Sallie Mae to Navient have become time-barred; 2 loans with my mother as a co-signer remain in good standing. As of July my time-barred / defaulted Navient loans will fall off my credit report. All Federal student loans have been paid. I am the victim of numerous deceptive … Read more
Question: Dear Steve, As an Army veteran, I used GI bill benefits for undergraduate education. For graduate school for Family Therapy and Mental Health Counseling, I had to access education loans at 6% plus percent interest rate.$60,000 worth. I started making payments towards interest while in school, I owe $59,000. Is there a way I … Read more
Question: Dear Steve, My husband attending the Connecticut School of Broadcasting in 2008. The school closed in 2009, in the middle of him going to school. He was one of the few who showed up at the campus to find the doors chained and locked. We’ve been fighting to pay off his student loan since … Read more
Question: Dear Steve, I am a co-signer on a Navient Private Student Loan. When this loan was originated, I was working a full-time job. I am 63 years old and I am presently receiving social security benefits (1,400.00) per month. I was making the monthly payment toward this loan of $500.00 per month for years. … Read more
Question: Dear Steve, My now ex-husband is incarcerated for 20 years. Prior to his incarceration, I signed paperwork to endorse a consolidation for student loans. I could no longer afford to pay the Navient high monthly payment. The Navient website lists two consolidated loans at zero dollars owed and paid by N.Y. State Higher Department … Read more