Question: Dear Steve, My son’s student debt is in repayment now for the 22nd year, late with their payments by a week or two, many times. The loan servicer (Navient) added almost $20 thousand capitalized interest to the loan due to this, plus charged late payment fees on top of that. Is it legal for …
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, …
Question: Dear Steve, I attended the Los Angeles Film School, a for-profit trade school for aspiring creatives who want to get into the entertainment business. Unfortunately, before going to school, I was lured in by the same predatory practices that enticed me when I was 19. 11 years later, I am still in debt with …
Question: Dear Steve, I’m retired Air Force and went back to school after I retired. I didn’t have the GI Bill, so I had to finance my schooling through loans. The worst part is I went to the Art Institute in 2006 or so and then made the mistake of attending that school again and …
People are so confused by the announcement of the giant Navient student loan $1.7 billion settlement. See my post on the announcement, here. Here is the reality, even the Aidvantage website is punting on what this actually means. The website says people need to go to NavientAGSettlement.com for information. I know you are looking for …
It was announced today that many, but not all states that participated in a lawsuit against Navient in 2017. At the time Navient called the suit, “completely unfounded” but the announcements today reflect the opposite. Details of Settlement We have both a lot of information and a lot of unanswered questions about how all of …
Q: Is it legal for a mortgage company to all of a sudden demand a deferment balance from 10 years ago now, or will they foreclose on the home I am one month behind on the monthly payment? A: That sounds a lot like a balloon mortgage (a mortgage in which a large portion of …
Question: Dear Steve, I have worked with Damon Day for a year, and he finally got me a solution with Navient for my student loans. It was unbelievable, too good to be true. I have given 5,000 as a down payment tomorrow to Navient, and I’m terrified. But Damon Day is for real, isn’t he? …
Aidvantage is the fictitious name of the registered company Maximus Education LLC. It was recently announced Aidvantage would take over the servicing and maintenance of federal student loan accounts currently managed by Navient. Navient currently says, “This winter, Aidvantage will begin servicing your student loans owned by the Department of Education (ED) instead of Navient.” …
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 …