Navient Sends People to Aidvantage Who Then Punts on Settlement Information

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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 … Read more

Navient Enters Massive Student Loan Forgiveness Settlement. Details Clear-ish.

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 … Read more

Rapid Reader Questions, Debt Consolidation, Navient, Credit Score, Fraud, and More

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 … Read more

What to Do When Aidvantage Screws Up Your Student Loan Account

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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.” … Read more

Mother Pays Off Navient Loan Years Before and Hit With $92K Collection Bill Anyway

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

Are My Navient Services Federal Student Loans With Deutsche Bank Eligible for Biden Forgiveness?

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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

How Am I Ever Going to Deal With My Sallie Mae – Navient Student Loans?

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

Shocking Landmark Ruling on Private Student Loan Bankruptcy Discharge

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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

I Think I’ve Paid Enough to Navient and SallieMae

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