Let me know if this been there as well: You borrowed or cosigned for a personal education loan from Sallie Mae in the past. Within the years you’ve made re re payments once you could and asked for forbearances and price decrease system opportunities whenever you couldn’t. Nevertheless, despite your very best efforts and having to pay 1000s of dollars, the total amount is a lot more than the thing that was initially lent.
Do you really feel seen at this time?
I understand your tale. I heard all of it the time when I had been settling over 1 million in student education loans year that is last.
I’m going to answer some common questions that come up with Navient student loan settlements because I know your story.
But before i really do that, i wish to be sure you discover how Navient got your loans.
No. 1 That Is Navient
When you borrowed your loan that is private debt Mae ended up being both your loan provider and loan servicer.
In 2014, that changed. That 12 months, Sallie Mae created Navient to address loan servicing for both federal figuratively speaking and several of Sallie Mae’s personal loans.
Later on that 12 months, your bank account ended up being delivered to Navient therefore it could offer help with your payment choices and loan forgiveness programs such as the Public provider Loan Forgiveness system.
But does it feel unlawful and slimy and fucking that is just plain? Hell yes.
Number 2 Is Navient’s Education Loan Interest Criminal
Could be the rate of interest Sallie Mae/Navient charged you unlawful?
No. It’s mortgage loan you decided to spend (even you were signing) when you signed the contract if you were young and/or didn’t understand what