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Navient is Threatening Us as Cosigners on a Private Student Loan – Janet

Question: Dear Steve, My husband co-signed on our daughter’s private student loans. (We didn’t know they would be considered “private”…at the time). To the tune of $26,000. She is a single Mom with 3 teenagers and hasn’t been able to make payments ever. We paid on this loan for several years (didn’t realize it was …

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How Can I Settle My Federal and Private Student Loans for Less? – Trevor

Question: Dear Steve, I went to college on and off forever, I accumulated a massive amount of debt. With interest a 104,000 dollars. Ive been great at paying them living a simple life…. I’ve currently knocked them down to 28k. So my question is I currently have private and department of Education loans. Is there …

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Asset Recovery Solutions Won’t Give Me a Navient Debt Settlement Agreement

Question: Dear Steve, I currently have student loans in default with Navient. I received statements today in the mail from Asset Recovery Solutions offering settlement amounts for the Navient debt. I contacted whom I thought was Navient from their website at (888) 272-5543 but during the conversation I found that I was actually speaking to …

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Is It Possible to Use Debt Settlement for Student Loans?

Question: Dear Steve, I’m currently dealing with $103K of private loan debt (plus another $23K in federal loans). My cosigner on two of my largest loans just ended a bankruptcy at the beginning of 2016, so those loans now have monthly payments due at around $1,000 together. I have been continuously paying a fourth private …

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My Navient Student Loans Are Out of Control

Question: Dear Steve, I currently owe Navient $163,000 on my Private Student Loans. After graduating in 2009 with few job prospects, I put these loans into forbearance for the first two years while I could. This raised my original debt total from $153,000 to the current figure of $163,000. I have paid interest only repayments …

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Sarah Discovers Some Student Loans Can Be Settled

One of my readers, Sarah, recently shared her experience settling student loan debt. It a good followup piece to my article This is How You Can Settle Your Navient Student Loan. Sarah mentions several points that need clarification. But overall, she has learned, as others have, that you can settle private student loan debt in …

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