A Private Student Loan Company Is Suing Me. Here’s What to Do Right Now.
A private student loan lawsuit has a real deadline. Learn your rights, how to demand proof of ownership, and whether bankruptcy can stop it or wipe it out.
Sallie Mae
Discover my research, posts, and articles on Sallie Mae, covering private student loans, repayment options, and financial tools. Click the link!
What Sallie Mae Just Told the SEC About a ‘Refinance’ That Is Actually a Default Trap
Sallie Mae told the SEC that some ‘refinance’ pitches are really pushing able-to-pay borrowers into default. Here’s the filing and what to do instead.
Private Lenders Are “Excited” About Your Student Loans
Sallie Mae and Navient are celebrating Trump’s student loan overhaul because it forces more borrowers into private loans. The elimination of Grad PLUS loans and new borrowing caps mean higher rates, fewer protections, and no forgiveness for millions of students.
Private Student Loans: When They Help and Hurt
Quick Answer: Private student loans can help finance education but become problematic when borrowers default, as they lack federal protections like income-driven repayment plans. After the statute of limitations passes (typically 3-6 years), creditors cannot legally sue for collection, but the debt technically remains owed and continues affecting credit reports.Question:Dear Steve,I originally borrowed a lot …
Navient Settlement: Is Your Loan Forgiveness Legit?
Quick Answer: The Navient settlement is legitimate, with $95 million in restitution providing approximately $260 checks to qualifying federal loan borrowers in participating states and debt cancellation for certain private loan borrowers. Eligible borrowers will receive automatic notifications from Navient without needing to take action.It was announced today that many, but not all states that …
Navient Complaints: $92K Bill After Loan Paid Off
Quick Answer: Cynthia Riddle faces a $92,459 bill from Navient despite fully paying off her $32,470 Sallie Mae Parent loan in 2015. She filed lawsuits under FCRA and FDCPA against Navient, credit bureaus, and debt collectors for false reporting and illegal collection practices.This suit filed against Sallie Mae Student Loan Corporation, Ascension, Navient, Equifax Information …
How Am I Ever Going to Deal With My Sallie Mae – Navient Student Loans?
Quick Answer: A 61-year-old cancer survivor owes $49,000 on Navient student loans after 22 years of payments at 7% interest. Private student loan settlement with Navient is possible, but borrowers need comprehensive debt coaching to determine if settlement makes financial sense for their specific situation.Question:Dear Steve,Sallie Mae->Navient steered me into and consolidated my student loans, …
Sallie Mae Parent Loan Disputes: Myth vs Reality
Quick Answer: When parents cosign Sallie Mae loans over the phone, they become 100% liable for the debt which immediately appears on their credit report regardless of the student’s payment status. Cosigners face full collection efforts and credit damage even when loans should be deferred, and Sallie Mae can legally pursue both borrower and cosigner …
Navient and Sallie Mae: When to Stop Paying
Quick Answer: One should generally continue paying Navient/Sallie Mae federal student loans despite slow progress, as defaulting creates lifelong consequences, but strategic default may be an option for private loans. The borrower paid $63k over 10 years on a $40k balance because minimum payments primarily cover interest rather than principal reduction.Question:Dear Steve,I have paid Navient/Sallie …
Sallie Mae Cosigner Harassment: Myth vs Reality
Quick Answer: Sallie Mae’s aggressive collection tactics on defaulted private student loans are legitimate business practices, not harassment, when cosigners are involved. The lender can legally contact family members listed as cosigners, check their accounts, and pursue lawsuits for collection on defaulted private loans.If you cosigned a loan and the borrower stopped paying, here is …
