Question: Dear Steve, I originally borrowed a lot of private loan money from Sallie Mae (7 different loans). Unfortunately, they all defaulted once I decided to stop paying (because my minimum/interest-only/salary-based payments did nothing). I paid a company to help me get collection companies to validate the debts, which they couldn’t, so I was never …
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 …
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 …
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 …
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 …
Question: Dear Steve, I go a call that my son owed a large amount to a college he was attending. They admitted they had failed to invoice him hence the pileup. Suddenly SallieMae was calling me wanting to know if I would cosign. Not knowing what else to do I said ok. They took my …
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 …
Question: Michael, My grandparents co-signed for me loans thru Sallie Mae. They want large amounts at a time and won’t let me make 150 dollar payments. They have been harassing me and most of my family, checked my grandparent’s bank account and since my loans defaulted recently, now they are threatening to sue. They are …
Question: Dear Steve, My son-in-law has co-signed a Sallie Mae loan for his brother, His brother has graduated and has a diploma and is now ben employed for a year. He is refusing to release my son- in law from the loan. Interest has been paid by the father and mother for years. What is …
Question: Hi Steve, My son attended Tribeca Flashpoint Academy from 2011 – 2014. Prior to enrollment both he and I sat down with the college founder and were told that the school was in the accreditation process and assured us that by my son’s second semester in attendance. When this did not occur we called …