Navient lawsuit who qualifies and how to get it - Navient student loans deleted

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  • Опубликовано: 23 ноя 2024

Комментарии • 232

  • @angelaknobloch2326
    @angelaknobloch2326 Год назад +5

    Great video!! I was just approved for the borrower defense (sweet VS cardona)! $65k to be discharged! BLESSING! I do still have $35k in private loans (Sallie Mae but now Navient) as I ran out of FAFSA funds. Anyway to get those discharged as well? Any information would be greatly appreciated!

    • @themoneylibrarian
      @themoneylibrarian  Год назад +1

      Hi @Angela Knobloch - YAAAAY!! Congrats on getting the Borrower Defense! As for private loans, unfortunately federal loan forgiveness only covers federal loans, not private ones. 🙁
      If they are a hardship, and I'm not necessarily recommending this course of action, just informing you it is an option as many people don't know this, you may be able to have them discharged through bankruptcy - see this article for more details (www.consumerfinance.gov/about-us/blog/busting-myths-about-bankruptcy-and-private-student-loans/) and speak with a bankruptcy attorney to learn what would be best for you.
      Thanks for watching and good luck! - k

  • @kimekitty
    @kimekitty 2 года назад +2

    I have FFELP loans in illinois and I went to school on the 90s. Found out a few years ago, the school I went to closed because it defrauded its students. When I look at my loans in their app or website it says FFELP but if I talk to someone from navient, it's private loans so I was not given a break on payments during the pandemic. I feel like I am screwed by the at every turn with no relief. I have complained to the state attorney and navient blatantly lied to them. I just so frustrated and broke.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @kimekitty - I'm so sorry to hear of your plight. That sounds *incredibly* frustrating. I guarantee you aren't the only one dealing with this kind of BS. If they are still federal loans you would see them in your account in studentaid.gov. Try logging in there to see if they are still federal. If they converted your loans from federal to private without your consent, it might be best to speak with a lawyer. Best of luck and let me know how it goes - k

  • @brandonwalker1794
    @brandonwalker1794 Год назад +1

    Hi, I attended the art institute of Tennessee: Nashville from 2011 to 2013. The school was shut down for fraud several years ago (2015ish?) I still owe 15k and I have been struggling to afford anything since. What can I do? The school doesn't even exist and student loan fraud is exactly why. It was previously in forbearance via the phone call you are talking about but over the years the loan has been transferred several times with no notification on who they were even transferred to. There's now 4 separate overdue reportings on my credit that are completely running it into the ground.

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      Hi @Brandon Walker - I’m sorry to hear student loans have been dragging your credit down. Luckily (sort of) for you the art institute schools were named as some of the worst offenders for misconduct and the government may be able to have your loans discharged through Borrower Defense to Repayment.
      Here’s a link about the program but note you can only apply once so be sure to do your research so all your ducks are in a row before you apply: studentaid.gov/borrower-defense/
      Good luck and let me know how it goes! -k

  • @caroljackson2094
    @caroljackson2094 2 года назад +1

    I did recieve a check from Navient but I did not not get my loan. My son went to the school in 2004.

  • @tania196
    @tania196 Год назад +2

    Borrowed 30k with 18% int rate when i was a kid, had no idea what that meant back then...for an associates degree...paid 60k i borrowed from family to get out from under it.

    • @themoneylibrarian
      @themoneylibrarian  Год назад +1

      Hi @Tania - 18%!!??!!!! What!? I’m so sorry you got roped into such a terrible deal. Really glad you got out of it but, 😣🤬. Thanks for watching -k

  • @AiiRxJONES
    @AiiRxJONES 10 месяцев назад +2

    Hey my wife went to Sanford Brown between 2009-2010. I see they’re on the list is it to late ask for the defense?

    • @themoneylibrarian
      @themoneylibrarian  10 месяцев назад +1

      Hi @AiiRxJONES - sorry to hear she attended this school! I'm not a lawyer so I can't give legal advice. I checked the Student Aid website and found this:
      "On Aug. 7, 2023, a federal court issued an injunction delaying the effective date of the latest regulations governing borrower defense and closed school loan discharges until at least November 2023. The Department will not adjudicate any borrower defense applications under the latest rule unless and until the effective date is reinstated. While this injunction is in effect, borrowers may still apply online for borrower defense relief. The Department will continue to adjudicate borrower defense applications using an earlier version of the regulations where required under a court settlement. The Department will provide additional updates here when there are further developments."
      - studentaid.gov/manage-loans/forgiveness-cancellation/borrower-defense
      It looks like the Dept of Ed is encouraging applications but it may be a while before they're processed. I would read through that page I linked to so you can learn more.
      Good luck and let me know how it goes! -k

  • @siriusjones956
    @siriusjones956 5 месяцев назад +2

    It's for those who've been paying for years also

  • @davidramirez4810
    @davidramirez4810 2 года назад +3

    Mine originated with Sallie Mae in 2009; then Navient in 2014; then Federal Student Loan Services. Payments were delinquent and put into forbearance for the last five years. How do I find out if my original loan was a subprime student loan?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +2

      Hi @David Ramirez! If you qualify for the Navient suit they'll contact you. To be subprime you would have had to have a credit score below 640 at the time. Good luck - I hope you get your loans forgiven!

    • @davidramirez4810
      @davidramirez4810 2 года назад +1

      @@themoneylibrarian It was definitely below 640; my home was underwater and I lost it to foreclosure.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Sounds like you're a likely candidate for the loan cancellation then!

  • @realateawithdivadee
    @realateawithdivadee 2 года назад +1

    They steered me into forebarance twice when I was working making about 21,000 annually, then when I was terminated I was receiving unemployment they had me pay $5 monthly, I paid that until my unemployment ran out they only give you six months on the income based repayment that ran out at the top of 2021, I was bout 8 months behind, n they put me bk n the income based repayment in April 2021. N my original loans were through Sallie Mae which they have no record of any payments I've made so the loans total around 55,000. What's my options?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @Donna Clay - Sallie Mae losing the record of your payments is not unusual at all 😠. They are going to do a recount of your payments which will show on studentaid.gov beginning next year.
      I recommend you watch my video on the updates to Income Based repayment as that should help explain what's going to happen to your account: ruclips.net/video/O-2jiqH5KNg/видео.html
      Thanks for watching! -k

  • @Lanae8199
    @Lanae8199 Год назад +2

    This is so confusing. I took out loans with Sallie Mae to attend The Art Institute. My school closed. What should I do?

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      Hi @Lanae Marie - there was a lawsuit against TAI you may be able to get your loans forgiven through. I’d start with researching that to determine eligibility. Otherwise, the Borrower’s Defense to Repayment program may be a good option for you to get those loans forgiven - studentaid.gov/borrower-defense/
      Good luck, thanks for watching, and let me know how it goes! -k

    • @Lanae8199
      @Lanae8199 Год назад

      Thank you. I am still get letters from Nelnet.

  • @fredlandry6170
    @fredlandry6170 Год назад +2

    Unfortunately I went to ITT Tech, a bunch of scam artists.

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      Hi @Fred Landry - I’m sorry to hear this, have you looked into the ITT loan forgiveness program? Thanks for watching! -k
      www.ed.gov/news/press-releases/extended-closed-school-discharge-will-provide-115k-borrowers-itt-technical-institute-more-11b-loan-forgiveness

    • @fredlandry6170
      @fredlandry6170 Год назад +1

      @@themoneylibrarian the department of education sent me an email saying my loan will be discharged.

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      That’s wonderful! Glad to hear it!!

  • @letichaphilippe1322
    @letichaphilippe1322 2 года назад +1

    City college and NST (National school of technology) is not part of Sallemae who was then transfer to Navient that is now Aidavantage ???

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Leticha Philippe - The federal government contracts out to private companies to handle student loans and the contracts get updated every five years. As I understand it, Sallie Mae's student loans got transferred to Navient, then five years later, Navient's loans got transferred to Aidvantage. It's dumb and confusing. BUT the Navient settlement does include loans that originated with Sallie Mae. Thanks for watching! -k

  • @tinaharding4632
    @tinaharding4632 2 года назад +1

    I meet all the requirements for the complete forgiveness, but I haven't heard from Advantage. All my info is current. Where do I go or what do I do?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hello @Tina Harding - You wouldn't have heard from Aidvantage, you would have heard from the company settling the lawsuit. I recommend you check out the website for the settlement to find out more information and contact Aidvantage to see if there is any assistance they can provide you: navientagsettlement.com/Home/portalid/0
      Thanks for watching, good luck, and let me know how it goes! - k

  • @lonniepuryear4108
    @lonniepuryear4108 2 года назад +2

    what happens to the navient accounts now that they have been migrated to iadvantage?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Lonnie Puryear - if you are eligible for the lawsuit, you’ll still be a part of it. No change on that front if your account was moved to Aidvantage. Thanks for watching! -k

  • @cashional
    @cashional 2 года назад +1

    Ok so here’s my wife and I’s deal.
    We meet EVERYTHING on the Navient private loan EXCEPT the for profit school. However my wife did attend a trade program at a college/school but the program is nonexistent now. But all else applies to us. Would this slight difference disqualify us?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Mistah Bozack - it's possible you guys would qualify, you should have received a notice by now if you did. From the website "The private loan debt relief will primarily go to borrowers who took out private subprime student loans (made to borrowers with low credit scores) through Navient’s predecessor, Sallie Mae, between 2002 and 2014, and then had more than seven consecutive months of delinquent payments prior to June 30, 2021."
      You can read more here: navientagsettlement.com/Home/portalid/0
      Thanks for watching and I hope you get it!! -k

  • @samageable
    @samageable 2 года назад +1

    Doo you know anything about private loans through Bank of North Dakota that funded tutition for Wyotech? My son has a private loan through B of ND from when he went to Wyotech from 2013. B of ND is suing us for this money and I'd like to try to stop it.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Antoinette Correia - The *federal* student debt from Wyotech was forgiven by the Biden administration, but that only covers *federal* loans, not private. I am unaware of programs that cover private loans; you may need to consult an attorney to find out what your options are. Sorry, I wish I had better news for you. Good luck and thanks for watching! -k

  • @debbiehall362
    @debbiehall362 2 года назад +1

    I am not seeing Idaho on your list. Have we been left out?? Thanks

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Debbie Hall - - the lawsuit was brought by states, it was not a federal lawsuit. Unfortunately, Idaho was not one of the states that took part in it so the residents are not part of the settlement. I'm so sorry! You may be eligible for Borrower Defense Discharge: studentaid.gov/borrower-defense/
      I hope this helps and thanks for watching!

  • @vickigoshert789
    @vickigoshert789 2 года назад +1

    I was told I had to combine my loans before forgiveness can happen and then I have to pay 2,000

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi Vicki Goshert - - There are a lot of different programs that offer student loan relief. If you are part of the Navient settlement I don't know why you'd need to pay $2,000 but there is A LOT of information I'm not privy to concerning the details of your loans. You'll have to trust the Department of Education on their advice to you.
      If you're talking about the Biden student loan forgiveness plan, you may find answers in my other video: ruclips.net/video/7fPRWqpqKbs/видео.html
      If you're talking about Public Service Loan Forgiveness, I've made quite a few videos on it located here: ruclips.net/p/PLHs5-7lB_Qj9hubdjCDtIndZkpjmrJCXh
      Good luck and thanks for watching! -k

  • @ueschiller
    @ueschiller 2 года назад +2

    So, am i understanding...
    If i was guided to the forbearance plan versus income driven plan... Which would have been way better and helped me not accrue as much interest, i might get a check for meesly $260? Being guided into forbearance led to drastically accumulated interest 20 times more than $260! So Naviant still profits from scamming us.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Ursulla Schiller - I'm so sorry you were mislead! You are not alone in being mislead into the wrong type of payment plan (I talk about this in my other video on this topic, ruclips.net/video/4y6sYVLnQjw/видео.html). Although the settlement may or may not benefit you directly, know that it really hurts Navient (which may be little comfort to you, but at least they aren't getting off scott-free). Thanks for watching!

  • @mata2345
    @mata2345 2 года назад +4

    Hello, so I meet all qualifications except the the part of loan going to pass due status part. This means I won't qualify? That's what I get for paying my bills on time.....=/

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @Brian mata! - In general that is true for the private loans, not the public ones, but you'll hear from Navient by July if you are part of this lawsuit.

  • @donovanduncan5733
    @donovanduncan5733 2 года назад +1

    It's horrible that someone moves out of a state. I moved overseas because I can't afford to live in the us. Shouldn't it only matter where you attended the school, not where you are currently living

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Donovan Duncan - it would be better if this had been a federal suit, unfortunately since it was brought by individual state's attorneys general, it is only for the people who reside in the states that participated. Thanks for watching! -k

  • @ueschiller
    @ueschiller 2 года назад +2

    I had no clue my naviant loan wasn't government and was private. I was so misled during my consolidation. I've been with them since they were sallie may. Last summer i assumed my loan interest and in payments were frozen with the cares act. When i called abed they said no. There are 2 lenders named Naviant. One is gov. and this is one is an LLC and it is not covered. So last summer I moved them over to Great Lakes which is government lender. If i had qualified meeting the 5 things listed- will i still get them deleted? Am i out of luck ???

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Ursulla Schiller - the case is pretty complicated but I don't think you're out of the running for debt relief. Navient will contact you by July if you will be receiving anything. My fingers are crossed for you, let me know how it goes!! Thanks for watching - Kate

  • @blahblahblah7407
    @blahblahblah7407 2 года назад +1

    On my Navient account, it reads that Ascendium Education Solutions paid my on 19Apr 2022. My loans were the subsidized & unsubsidized Stafford Loans from Devry. Was Navient allowed to do that?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi blahblah blah - I'm not sure about your particular situation and couldn't comment on what Navient is legally allowed to do to one particular account. I'd log into www.studentaid.gov to see what your student loans currently are and who holds them.
      If that doesn't clear it up, I recommend you start making calls to Ascendium, Navient, and/or the Department of Education. Best of luck and thanks for watching! -k

  • @pillowzzzbox3466
    @pillowzzzbox3466 Месяц назад +1

    Girl I never got a check at all. They owe me a ton of money.

    • @themoneylibrarian
      @themoneylibrarian  Месяц назад +1

      😡😡😡 I'm so sorry this happened to you! Also, not shocked that an organization which was proven, in court, to have had such shady practices didn't manage to get your check to you.
      I HAVE GOOD NEWS:
      They are in hot water again and the CFPB

  • @saifmahmood1944
    @saifmahmood1944 2 года назад +1

    I qualify in every category,, how come they never sent me a letter. Quick question,, I am current with my loans.. it's not in default now. But I was in default few years back

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Saif Mahmood- There are more details to this case than I could outline in a short video. You can read through this website that may be able to help: navientagsettlement.com/
      Good luck and thanks for watching! -k

  • @keianna3357
    @keianna3357 2 года назад +2

    I doubt they cancelled mine. I was told by my school I had to pay Salliemae/Navient since day one. It's a private loan and I always had it on auto pay so I'm almost done but would be nice to cancel the last few payments. I've had my loans since 2002 and been paying on them since 2002, so yeah.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Keianna Cooke - - You should have received a notice by now if your loan was part of this lawsuit. Glad to hear it's almost paid off! Thanks for watching -k

  • @vickigoshert789
    @vickigoshert789 Год назад +1

    I don't understand my loan is old and the whole time I was in forbearance help

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      Hi @vickigoshert789 - I’m sorry to hear this! I don’t have access to your student loan information, I strongly recommend you contact the Department of Education or your student loan servicer. Take good notes, especially who you talk to and when and keep calling until you get someone who explains your situation in a way that makes sense. Good luck, thanks for watching! -k

  • @blahblahblah7407
    @blahblahblah7407 2 года назад +1

    Also, when it comes to residing in those states, how does one figure out if they qualify or not if they are military & has moved since 2017?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi blahblah blah - if you had an address with a military postal code as of the dates I mentioned then you're included. Good luck and thanks for watching!

  • @nursechriswright528
    @nursechriswright528 2 года назад +1

    I just passed this brilliant video on July 10th, do I still have time to contact navient with my current mailing address and receive my part of this settlement?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Nurse Chris Wright - I refer to the website which has some info on this, I recommend you read through it to find your options: navientagsettlement.com/Home/portalid/0?portalid=0
      Good luck and thanks for watching! -k

  • @420loster
    @420loster Год назад +1

    Westwood college Los Angeles not on the list??? 😢

    • @themoneylibrarian
      @themoneylibrarian  Год назад +1

      Hi @420loster - this list was taken directly from the lawsuit website. I’ve done some digging for you and according to this Yahoo report from about six months after this video was posted, Westwood is now on the Borrower Defense list - meaning if you attended between 2002 - 2015, and meet some other criteria, you can apply for Borrower Defense and get loans discharged!! Here’s the article: news.yahoo.com/former-westwood-college-students-federal-153328977.html
      And here’s the Borrower Defense page for more info: studentaid.gov/borrower-defense/
      Hope this helps and thanks for watching! -k

    • @420loster
      @420loster Год назад +1

      @@themoneylibrarian your awesome. Thank you!

  • @adventureswithevan
    @adventureswithevan 2 года назад +1

    I went to a for profit college by the name of Everest Institute a Corinthian college. Some of my school loans were partially discharged through the borrowers defense however the rest of my loans are what they call a FFELP or FFLP through navient. I tried contacting a lawyer, several and no one can help. I have contacted Navient and they've told me to contact the new loan servicer taking over Navient, aidvantage and aidvantage can't provide any information. I have also contacted federal student aid and they tell me to contact my loan servicer Navient. I'm so confused, frustrated and extremely depressed about this. I just want to know if I can get the rest of my loans discharged or forgiven? I cannot apply for the PLSF because I never worked in public service. If you cannot help can you please advise me on whom to contact?! I'm in need of desperate help!

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @adventureswithevan! Wow, it sounds like you've been through the ringer. You've done everything right, you've called the right people, you've tried everything you could and you still got nowhere. I am so sorry you've been through this! Luckily I HAVE GREAT NEWS! Just last month the Biden administration announced that anyone who attended a Corinthian college (including Everest), more than half a million people, is getting the balance of their loans discharged!!
      Here's the press release: www.ed.gov/news/press-releases/education-department-approves-58-billion-group-discharge-cancel-all-remaining-loans-560000-borrowers-who-attended-corinthian-colleges
      Here's a news article about it: www.npr.org/2022/06/04/1103114138/what-the-loan-forgiveness-means-for-a-former-corinthian-colleges-student
      I don't know the timeline, but, from what you've said, you should be a part of this group. Hope this helps, thanks for watching, and have a great holiday weekend - k

  • @dystopia4947
    @dystopia4947 2 года назад +3

    Got my private student loans dismissed at the beginning of April. Still have federal. These schools ruined a lot of peoples lives. I hope these people are doing some jail time for this. This video was very helpful. Thanks for the Upload. - Subscribed and Liked

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Dystopia - Great to hear you got some of your student loans dismissed! The for-profit school industry is incredibly predatory, luckily there have been *some* crack-downs in the past few years, but not nearly enough.
      My fingers are crossed you get the rest of your loans forgiven!
      I'm so glad the video was helpful, thanks for watching and thanks for the support! -k

    • @NStoyanov
      @NStoyanov 2 года назад +3

      How did you get your loans dismissed?

    • @jessicajoyk
      @jessicajoyk Год назад +1

      Would also love to know how you did this

  • @mk6woods855
    @mk6woods855 2 года назад +2

    Great video, I went to Devry in 2011 I received a small payment a few years back. However, I was wondering if their false claims could put me in the boat for forgiveness.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @mk6woods - If you're part of the Navient settlement, they'll contact you by July. If your school made false claims, you may be eligible for the Borrower Defense to Repayment forgiveness program. You can learn more here: studentaid.gov/borrower-defense/
      Thanks for watching! -k

    • @stan020265
      @stan020265 2 года назад +1

      Mine was transferred to nelnet

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Angela Cox - even if your loan is no longer with Navient, if you qualify under the other requirements, you’ll be part of this lawsuit. If so, they should be reaching out very soon. Thanks for watching -k

  • @LouiexBojanglez
    @LouiexBojanglez 2 года назад +1

    Hi, I've been looking into this. I feel completely lost and not sure what I'm doing. I don't know what direction to go. I haven't received a letter but I believe if i remember correctly I started in 2014. I was with Steven Henegar- independent university. I'm lost on how to do this. does anyone have any suggestion on what I need to do. like step by step or can anyone else help me. I was also given a letter and email by CEHE that they will start reporting my loan to the credit bureaus and I've worked really hard to fix it. I don't want that happening

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Louis Padilla - I can't give you any advice on your personal situation but you can contact the settlement administrator at 1-833-630-1416 "to determine whether you should have received a restitution payment, or if you believe your payment may have been mailed to the wrong address (navientagsettlement.com/Home/portalid/0)
      You can also look into the Borrower Defense to Repayment from the department of education to see if you can get your loans taken care of through that program: studentaid.gov/borrower-defense/
      Good luck and let me know how it goes! - k

  • @nixonchoute9311
    @nixonchoute9311 Год назад +1

    My student loan got completely wiped out because I went to devry. It is still showing on my credit. Is it possible to get it took off?

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      Hi @nixonchoute9311 - I’d send a dispute letter to all three credit bureaus, you can find a template here: www.consumerfinance.gov/consumer-tools/credit-reports-and-scores/sample-letters-dispute-credit-report-information/
      Thanks for watching and let me know how it goes! -k

  • @tania196
    @tania196 Год назад +1

    Full Sail should've made the list. So many victims.

  • @DM-zh7xn
    @DM-zh7xn 2 года назад +1

    I feel like I’m qualified but idk it’s in forbearance right now but it kept being past on to different loan companies. I guess to really find out is just to wait. But how do I know if Navient have my current address? I’ve moved a few times since then. How or where can I contact Navient for this? Ty in advance

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @D M - you may be able to update your address on their website or you'll have to call to update. My fingers are crossed you'll get it, thanks for watching!

  • @renatal1972
    @renatal1972 2 года назад +2

    Ok, I applied for narrower defense discharge back in 2015. In 2019 I received a letter stating that because it took so long for them to make a decision that they cancelled about $22k in interest charged. Can I still apply again for the borrower defense discharge?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Renata Pierce! You'd have to talk directly with the Department of Education to find out: 1-855-279-6207. Good luck!

    • @slothymar
      @slothymar 2 года назад +2

      I wasn't so lucky, they denied me because I didn't file a lawsuit or take legal action?!? I thought that's what the Borrower defense act/application was supposed to do for me!

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Sorry to hear that!

  • @luislozano6204
    @luislozano6204 Год назад +1

    Wow thanks for the video it atleast gave me somewhere to start lookin i went to computer career center a divison of vista college back in 2015 any information u can help me dig up would be helpful

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      Hi @luislozano6204 - I don’t know of any current programs for you but based on my quick searches, it looks like your school may end up being a contender for borrower Defense forgiveness.
      You may want to learn more about this program as the schools involved are constantly getting updated, and you’ll want to know if yours gets included: studentaid.gov/borrower-defense
      Good luck and thanks for watching!-k

    • @luislozano6204
      @luislozano6204 Год назад

      Thank you so much !!!!

  • @isaimireles9694
    @isaimireles9694 2 года назад +1

    question i went to a local technical school in 2010 after a month it was bought by kaplan i was supposed to be charged 10k (federal loan ) i ended up with a 6k loan because I didn't finish my question i did end up paying the loan do i get something back ?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Isai Mireles - - as I understand it, and from what you've told me, it doesn't sound like you would qualify for the Navient settlement. If you do, they'll contact you very shortly. Hope this helps and thanks for watching! -k

  • @lereewhite9969
    @lereewhite9969 2 года назад +2

    Hi! So happy that I came across your video. I believe that you sort of answered my question in an earlier comment. With the private loan and the complete forgiveness, if my Navient loan was just sold to Aid Adantage within the month, if my loan was with Navient during that time frame it should still qualify correct?AND also, with the address on file, how does it work in regards to moving due to being a military spouse? Currently the state that I am currently residing in as well as the one that I was in prior is not on the list, but we are military. TIA!

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @leree white! Your loan going to Aidvantage shouldn't affect whether or not you get the settlement. Here's what I was able to find, according to the settlement website concerning the private loan cancellation, "Generally, to qualify, the borrower’s mailing address on file with Navient as of June 30, 2021, must be within one of the restitution-participating states listed above, Arkansas, Kansas, Michigan, Rhode Island, South Carolina, Vermont, West Virginia, or associated with a military address postal code." Hope this helps and thanks for watching!

    • @lereewhite9969
      @lereewhite9969 2 года назад +1

      @@themoneylibrarian thank you for your reply and help! Do you know where I would search regarding residing on military facility that took us out of those states?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      I couldn't find anything more than what I posted above. If you want to do some digging, this is the official settlement website: www.navientagsettlement.com/Home/portalid/0 and you can find the full 46-page judgement on this website: www.attorneygeneral.gov/taking-action/attorney-general-josh-shapiro-announces-1-85-billion-landmark-settlement-with-student-loan-servicer-navient/
      Navient will be getting in touch with you if your loans are eligible. I have my fingers crossed for you, good luck!

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      Hi @Josephine Marie - I'm sorry to hear you've got a loan in default. You aren't alone! This Navient settlement isn't a program you apply for, if you were eligible they would have tried to contact you last summer.
      According to the CFPB, if you're having trouble repaying a private student loan "you should contact your lender or servicer as soon as possible. You may be able to negotiate with your lender to set up a repayment plan or otherwise settle your debt."
      www.consumerfinance.gov/ask-cfpb/what-happens-if-i-default-on-a-private-student-loan-en-673/
      You have other options, too - I'd do more research to find out what they are (for example, your state may have a program to help, or - and I'm not recommending this, it's just that a lot of people don't realize it's an option, you may want to look into bankruptcy - www.consumerfinance.gov/about-us/blog/busting-myths-about-bankruptcy-and-private-student-loans/)
      Good luck, thanks for watching, and let me know how it goes!!! -k

  • @maritzafigueroa5901
    @maritzafigueroa5901 Год назад +1

    Hello, thank you for the info. Quick question, my loans with Lincoln Tech were about $8,000 right now I owe according to navient $40,000. I have been dealing with them first years but they always gave me grief about lowering key payments big stop paying my loans for may years so every few years they will roll me in forbearance. I am currently paying but the balance never goes down.

    • @maritzafigueroa5901
      @maritzafigueroa5901 Год назад +1

      Is this legal? Navient kept me in forbearance without my consent?

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      Hi @Maritza Figueroa- I’m so sorry to hear how your loan ballooned - that’s absolutely ridiculous and infuriating. 😡 you may qualify for Borrower Defense to Repayment where you can get your loans forgiven - here’s a good article (www.businessinsider.com/personal-finance/student-debt-cancelled-sweet-cardona-settlement-2022-6?op=1)
      You may want to look into getting on an income driven repayment plan, it will base your payments on your current income and after 20/25 years the balance is forgiven. A new payment plan was announced last week that will forgive your debt after 10 years (here’s a link to an Instagram live I did on this last week: instagram.com/tv/CnSHbLQsium/?igshid=YmMyMTA2M2Y=)
      There could be other legal routes for you depending on your situation and state but you’d have to speak with a lawyer. Hope these options help and let me know how it goes. Thanks for watching! -k

    • @maritzafigueroa5901
      @maritzafigueroa5901 Год назад +1

      Thank you so much. I will definitely look into this info. In the past I have asked and I they will respond "their is no help" lol. Thank you again.

  • @caroljackson2094
    @caroljackson2094 2 года назад +1

    Sorry!!! I meant to say I did not get the discharge, I call Navient they said only private loans qualify, but If I can qualify with a federal loan let me know.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Carol Jackson - for the Navient settlement some federal loans can qualify for a check of a couple hundred dollars. If your son has federal loans he probably qualifies for the recent student loan forgiveness program that was just announced. I made a video on that available here: ruclips.net/video/7fPRWqpqKbs/видео.html
      Good luck and let me know how it goes! -k

  • @djronnieron1
    @djronnieron1 2 года назад +1

    hi, I took out a private loan with sallie mae in 2005 originally then it was move to navient. I paid it off on 8/2020. I'm able get file for a refund?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hello @Ronnie Ruiz - unfortunately, no, they are not providing refunds for paid off loans. thanks for watching! -k

  • @vickigoshert789
    @vickigoshert789 2 года назад +1

    I was told I'm eligible but I have to pay 2000 dollars

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi Vicki Goshert - I replied to your other comment, see above.

  • @marvelousmelo
    @marvelousmelo 2 года назад +1

    Thank you so much for this info I got my check yesterday 5/24

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Carmelo Alvarado - what fantastic news!! 🎉🎉🎉 congrats! Thanks for letting us know! -k

    • @marvelousmelo
      @marvelousmelo 2 года назад +1

      @@themoneylibrarian yea I had no idea what it was from I thought it was from the itt tech lawsuit. Then after hearing what you said on your video I met a bunch of the qualifying things and I'm assuming that's why I got one.

  • @adamv.2760
    @adamv.2760 2 года назад +1

    Hi love your video. I check off all the boxes except, I live in Utah. Looks like I'm excluded?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Adam V - because this was a case brought by the individual states and not a federal case, then only the states listed are part of the settlement. If you lived in Utah as on June 30, 2021 then you wouldn't qualify for the total loan forgiveness, if you lived lived there Jan 2017, then you wouldn't qualify for the federal loan check. I wish I had better news for you 😕. Yoh may want to look into Borrower Defense Discharge - theres a link in the description. Thank you for watching and good luck with the loans! -k

    • @adamv.2760
      @adamv.2760 2 года назад +1

      Thank you for your video. I'm glad this will help people in states cooler than mine ❤

  • @lightgreeneyes
    @lightgreeneyes 2 года назад +2

    Also NAVIENT IS STILL GOING TO HAVE TO WORK WITH ALL THOSE THAT ARE IN FINANCIAL TROUBLE. IT IS PART OF THE SETTLEMENT. Please put this in your video as well.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Simone River - great point! The settlement forces Navient to change a lot of how they conduct business. For anyone who's interested, here's a great synopsis: navientagsettlement.com
      Thanks for watching!

  • @ueschiller
    @ueschiller 2 года назад +1

    I just moved my students loans last summer to a different lender that had been with Naviant .... So and i just screwed out of a settlement i qualify for?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Ursulla Schiller - Not necessarily - "Generally, to be eligible for private loan debt relief, the loan must have been in past due status for more than seven consecutive months prior to June 30, 2021." - - your situation sounds a bit complicated, they will contact you by July if you are eligible. My fingers are crossed for you!!!! Thanks for watching - Kate

  • @raidergainzx5290
    @raidergainzx5290 Год назад +1

    What if they sent you 260 dollars but didnt remove your loan?

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      Hi @RAIDER GAINZ x - you may want to look into Borrower Defense Discharge : studentaid.gov/borrower-defense/
      Depending on a lot of factors, there may be a federal or state program that can help you with your loans - do some research to find out what you're eligible for.
      Thanks for watching ,good luck and let me know how it goes! -k

  • @amieevans4665
    @amieevans4665 2 года назад +1

    I heard Alabama wasn't doing this

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Amie Evans! You are correct, Alabama wasn't one of the 39 states who took part in this lawsuit, unfortunately. Thanks for watching!

  • @jazminliz1
    @jazminliz1 2 года назад +2

    Question My original loan was through sally may then they transferred to Navient. However the school I went to was Apollo university of phoenix. My loan was never delinquent but I did have my loan in a forgiveness program the barrow defense program its been there for 8 years with no payments. Do I qualify ? I do live in Illinois also will it be erased ? my loans were taking out 2006 through sally may I got finical aid and had to take a loan out for the rest through sally may I do see my loan on federal student aid is that a federal loan or a private ?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Elizabeth Jones! Sounds like you have a bit of a complicated situation. The Borrower to Defense program discharges some or all of your student loans, so I don't know why it would still be there 8 years later. Sounds like you need to call the Department of Education and get that cleared up to find out what's going on with your loan. As for the Navient settlement, you'll hear from them by July if you're eligible. When you log into studentaid.gov, it only shows federal loans. To find out what your private loans are, you have to contact the company you took them out with. Thanks for watching! -Kate

    • @jazminliz1
      @jazminliz1 2 года назад +2

      @@themoneylibrarian So my loans are federal I just found out but my questions is do you think I qualify for it being erased since my federal loan was taking out 2006 and I went to one of the schools on the list. but I was never delinquent I am hoping they erase them I don't want the 250 bucks . But yes, I did talk to the department of education and yes my loans have been sitting in the forgiveness program for 8 years because Apollo university phoenix did me wrong and they just have not approved my loan to be erased yet, So I am hoping this law suit can help get it erased. Do you think I have a chance on that since I do meet some criteria.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @Elizabeth Jones - - If I'm understanding you, you took out federal loans to attend U of Phoenix. 8 years ago you applied for Borrower to Defense to discharge these loans. In the past 8 years you haven't paid on the loans but they also haven't been discharged. They're just in loan limbo.
      If the loans are in the process of getting discharged through BtD, i don't know if they would be part of this settlement - they might, they might not because of their odd status. I can only recommend calling the Department of Education and getting a straight answer through them as 8 years is BONKERS long to wait! The loans need to be discharged or paid but they shouldn't just sit there an longer. I found the number for you, 1-855-279-6207. Good luck!!!! -k

  • @akilahcleary2518
    @akilahcleary2518 2 года назад +1

    How do I find out if I qualify I went to devry and are 102 thousand of debt I need help thank you

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Akilah Cleary - The video explains who is eligible, unfortunately, I am unaware of a phone number or website you can go to to find out. If you are eligible, you'll get notice from Navient by July. I hope you get it!!! Thank you for watching - Kate

  • @jedbones1314
    @jedbones1314 2 года назад +1

    received attorney generals letter for qualification, early days paid the first half of the loan off all of it should have been grants anyway, major headache, heart attack and disability left me in a place where ill never be able to replay any of this anyway. I hope everyone subjected to this gets a break, more things are uncovered, the people in charge loose everything.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Jed Bones - I'm so sorry to hear of your plight. If you got a letter from the attorney general, it sounds like you might be getting some money from this settlement. Yay!
      If you have federal loans and are on disability, you may be eligible for forgiveness through Disability Discharge, it's worth looking into: studentaid.gov/manage-loans/forgiveness-cancellation/disability-discharge
      Good luck and thanks for watching! -k

    • @victoriabibilouri5121
      @victoriabibilouri5121 2 года назад +1

      @@themoneylibrarian , I would like to know if it's legal to contact a person 40yrs later and say they owe two loans for 2,500.00 but now you owe 38,000.00 in interest.

    • @victoriabibilouri5121
      @victoriabibilouri5121 2 года назад +1

      Please respond, I just don't know what to do.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Victoria Bibilouri - Ugh, I'm so sorry to hear someone's trying to collect on a 40 year old debt from you! I am not a lawyer, so I can't comment on the legalities of what you're going through. I recommend speaking with a lawyer to find out what the law says concerning your particular situation. Good luck!! -k

  • @latanyasanders610
    @latanyasanders610 Год назад

    I have a Private Student Loan with Navient (Tuition Answer). I started attending Nova Southeastern University (For-Profit institution) in Ft. Lauderdale, FL in 2007 - 2008. I was told that I needed to get a loan from Sallie Mae KNA Navient along with a co-signer because my credit score was low and did not meet their criteria. So I secured a co-signer, my son. I’ve never been late on my student loans because they are on Auto Pay. I’m originally a resident of Florida until November 2020 and now reside in Texas. I retired in January 2021 due to my preexisting conditions of Covid-19. I’m now disabled. What are my options for discharging Private Student loans due to disability? And my Co-signer if I’m granted a discharge?

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      Hi @Latanya Sanders - I’m sorry to hear you’re still paying off these student loans and you’ve had to retire due to disability ❤️. You’ll need to speak with your student loan servicer to find out what options you have for private loans. Unfortunately student loan forgiveness is only available for federal student loans, not private. A lot of people confuse having a private company as their student loan servicer with having private loans (understandable- it’s super confusing) I’d double check that they are indeed private by logging into studentaid.gov and looking at what loans it says you have. If your loans appear on that site it means they are federal, in which case there is forgiveness if you can prove total and permanent disability (more info here: studentaid.gov/manage-loans/forgiveness-cancellation/disability-discharge). Good luck, thanks for watching, and let me know how it goes! -k

  • @mervcharles8365
    @mervcharles8365 2 года назад +1

    How is it possible people were in past due status when payments were frozen since 2020? Were past due statuses carried over from 2019 & early 2020 although student loan payments were frozen?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @Merv Charles - it's possible because only *federal* student loans have been on pause and the Navient loans are *private* which have not been on pause. Thanks for watching! -k

    • @mervcharles8365
      @mervcharles8365 2 года назад +1

      @@themoneylibrarian I’m pretty sure I had Navient. My credit report isn’t showing any lates since COVID and I haven’t made any payments. I haven’t received any letters in like 2 years. Is it possible they were sold off?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Merv Charles - It's possible, but you would have been notified. Navient is a student loan servicer, so they can hold both federal and private loans. If you aren't in past due status and your loans are held by Navient, it sounds like you have federal loans with them. You can check if you have federal loans at this website: studentaid.gov
      Otherwise, whoever holds your student loans should be listed on your credit report which you can get for free here: www.annualcreditreport.com/

  • @JoAnnWren
    @JoAnnWren 2 года назад +1

    Hi there, do you know if Fremont College is part of this? It's an accredited for profit in Los Angeles but I didn't see it on the list? Thank you

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi JoAnn Wren! There are a lot of ins and outs to the settlement. Generally a school does have to be on the list but there are situations where a school would not need to be on the list. Navient will contact you by July if you are part of the settlement. You can learn more here: navientagsettlement.com/Home/portalid/0
      Good luck!!

  • @Eternalove88
    @Eternalove88 2 года назад +1

    I still have to pay online, but their website is closed. How can I pay the rest of my (sallie mae loan) to them ?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @Morningstar Lady168 - Navient loans went to Aidvantage, you probably pay at aidvantage.com/
      If that doesn’t work, log into your account at studentaid.gov to find out who holds your loan.
      Hope this helps and thanks for watching! -k

    • @Eternalove88
      @Eternalove88 2 года назад +1

      @@themoneylibrarian Thanks a lot dear. I think I will try to pay by money order cuz all sites are telling me Access denied!!

  • @ThePrincessSweaty
    @ThePrincessSweaty 2 года назад +1

    I have an address on navient from CA so I qualify there.. but now I live in TX. My mom still lives there but if I change my mailing address to TX will I not qualify anymore since TX doesn’t qualify?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Min G - for private loans, they're going to use whatever address Navient had on file for you on June 30, 2021; for public loans January 2017. They will need your current address to contact you, but whatever address is on file from those dates are who qualifies. Thanks for watching!

  • @millennialart4975
    @millennialart4975 2 года назад +1

    My private loans (via FFEL program) were through Sallie Mae / Navient, I attended ITT, disbursed between 2002 t0 2005, and I live in Missouri. BUT I've never been past due or late in payments. Do I still qualify?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @Millennial Art - From the website "The private loan debt relief will primarily go to borrowers who took out private subprime student loans (made to borrowers with low credit scores) through Navient’s predecessor, Sallie Mae, between 2002 and 2014, and then had more than seven consecutive months of delinquent payments prior to June 30, 2021." so it would seem you do not. HOWEVER, this is a simplification; the settlement is complicated and you may still qualify under another part of the settlement. Navient will contact you by July if you are eligible.

  • @shanaywhite7596
    @shanaywhite7596 2 года назад +1

    I also thought I would qualify for this settlement. I attended a For-Profit School, ITT Tech, I'm in a qualifying state, Florida, I received a sub prime private student loan from Salle Mae now Navient in 2007, and I was in "Past Due" status for like 8 consecutive months in 2016 - 2017 BUT because I was able to make a payment as some point..... I no longer qualify per Navient. :( ridiculous. I read a Court Document that stated "In order to qualify for Categories 1 through 3, below, a private education loan must be charged-off as of the Debt Relief Forgiveness Date (“Past Due Status”); and (1) have reached Past Due Status no more than seven years prior to the Debt Relief Forgiveness Date, or (2) be within the applicable statute of limitations based on the borrower’s last known address as of the Debt Relief Forgiveness Date." So I guess the loans had to be charged off to be considered, not Active loans. I don't know. It's all very frustrating.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @Shanay White - It’s infuriating that people in your situation aren’t part of the lawsuit. I just read today that the administration is looking at ways to expand the borrower to defense program which may be a good option for you: www.washingtonpost.com/education/2022/07/06/student-loan-forgiveness-biden-regulations/
      Keep an eye out for more news as it progresses. Thanks for watching and let me know if you get Borrower to Defense! -k

  • @EricaYE6
    @EricaYE6 2 года назад +1

    So if I didn't go to one of the schools listed, I won't qualify for loan forgiveness? Should I contact my school and ask them if they are a 'for profit' school?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @EricaYE6 - In most cases, you would need to attend one of the listed for-profit schools, but not in all cases. Navient will contact you by July as to whether you'll get your loans cancelled. I have my fingers crossed for you to get it!! Thanks for watching - Kate

  • @dgo3602
    @dgo3602 2 года назад +1

    Hello, I went to Le Cordon Blue which closed years ago, my student loans were from Sallie Mae but now they appear under Navient, do I qualify for student forgiveness? I had no credit score and had to use a co-signer. My loans were between 2004-2006

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Dgo360! It sounds like you'd be a good contender - those Sallie Mae loans that went to Navient are included in this. If you are part of the settlement, you'll hear from them by July. I have my fingers crossed for you! Thanks for watching! -k

    • @dgo3602
      @dgo3602 2 года назад +1

      @@themoneylibrarian thank you.

  • @luzmarinajutras1300
    @luzmarinajutras1300 2 года назад +1

    Would you be able to tell me if my student loans are forgiven. Please

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @LUZ MARINA Jutras - if you are part of the Navient settlement, they will contact you. I do have a student loan forgiveness program cheat sheet that goes over 13 different federal student loan forgiveness programs available on my website : www.msmoodymoney.com/hello
      I also have a series of videos on student loans, you may find some of them useful:
      ruclips.net/p/PLHs5-7lB_Qj9hubdjCDtIndZkpjmrJCXh
      If you do want personalized help on your options, contact your student loan servicer or the Department of Education.
      Lastly, if you want to pick my brain on student loan forgiveness programs, I offer 45 minute consultations here: www.msmoodymoney.com/services-new
      Good luck and thanks for watching! -K

  • @blairhall1694
    @blairhall1694 2 года назад +2

    What stinks is that in 2025 I will finally pay my student loan off which I have had since 2005 with them. First 7yrs. was a struggle and I worked my butt to make sure I paid my loan on time every month. Now with COVID is has been a struggle again but I’m making sure I don’t miss a payment. I wish I could get my last few years paid off, but I don’t qualify for any assistance I’m aware of. I do feel feel sorry for those who were wrong. But at the same time I’m tired of making just a little to much for assistance and still struggling.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Blair Hall - sounds like you've done a great job keeping your student loans all paid up even when it wasn't easy. You can see a comprehensive list of student loan forgiveness programs here, maybe there's one you haven't heard of yet? studentaid.gov/manage-loans/forgiveness-cancellation Thank you for watching!

  • @vanessarussell1574
    @vanessarussell1574 2 года назад +1

    Do you know if the Navient Tuition Answer loans (private loan) are included in the forgiveness? My loan has been in default since 2018. I had a low credit. And it was in 2007. But I didn’t attend any of those schools

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @Vanessa Russell! From what I know, because that is a private loan it would be part of this settlement. There are some complex ins and outs, but I think you have a chance at forgiveness even if you didn't attend one of the schools. You still have to reside in one of the qualifying states as of June 30th, 2021. If you are a part of this settlement, Navient will contact you by July. My fingers are crossed for you!!! Thanks for watching - Kate

  • @patriciaberry168
    @patriciaberry168 2 года назад +1

    I when to herzing college which is herzing University but I had Sallie Mae now it navient

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Patricia Berry - If you were a subprime borrower (had a low credit score) when you got the loans, took out the loans between 2002 and 2014 (with Sallie Mae / Navient), and then had more than seven consecutive months of delinquent payments prior to June 30, 2021, you'd be a good contender for the loan cancellation - - they will contact you by July if you qualify. My fingers are crossed for you!!! Thanks for watching - Kate

  • @synnp4329
    @synnp4329 2 года назад +1

    I got my loan since 2005 or 2006 and have been in delinquent years after on and off. In 2021, I have been put on forbearance and is not on charge off status. Will I still be qualified?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Synn P - As long as the loan has been in past due status for more than seven consecutive months prior to June 30, 2021 and is still within a statute of limitations period or still credit-reporting as of June 30, 2021 you should be eligible. They will contact you by July for the private loan settlement. Thanks for watching and good luck!

  • @SonnySinghGlobal
    @SonnySinghGlobal 2 года назад +1

    $266 a month? Or $ 266 is your payment moving forward? The way they steered me into forbearance was such a con. College kids trying to do better and help society and big banks using every trick in the book

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Sonny Singh DC - it’s a one-time payment for people who took out federal student loans. You can find out more info here: www.navientagsettlement.com/Home/portalid/0
      Thanks for watching and good luck with your loans, I hope you’re eligible for some relief! -k

  • @queen_of_3kings720
    @queen_of_3kings720 2 года назад +1

    My loan was with navient but now it’s says aidvant 🤷🏾‍♀️

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @Queen_of_3Kings - Navient no longer services student loans, so everyone who was with them went to a new servicer. If you do qualify for this lawsuit, you’ll still get your portion even though your loan is no longer with Navient. Thanks for watching! - k

    • @queen_of_3kings720
      @queen_of_3kings720 2 года назад +1

      @@themoneylibrarian yea, I find out that all federal loans were transferred to aidvantage

  • @keyannalee2432
    @keyannalee2432 2 года назад +1

    Why can't public student loans get cancelled too?!

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Keyanna Lee! If you have federal loans, you may still be able to get them forgiven through Borrower Defense Loan Discharge: studentaid.gov/borrower-defense/ OR, if you work in public service (for the government or a non-profit) after 10 years of payments you can get them forgiven through PSLF ruclips.net/video/ioqEWPt1U5k/видео.html
      Hope this helps!

    • @keyannalee2432
      @keyannalee2432 2 года назад +1

      @@themoneylibrarian will the issue with Navient qualify for such loan discharge?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Neither of the programs I mentioned are part of this settlement. They are separate and offered through the Department of Education - you may want to give them a call to talk about your options for loan forgiveness. Good luck!

  • @philD841
    @philD841 2 года назад +1

    Is Ashford university one of the schools?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Phillip Davis - yes, Ashford University is one of the schools listed in the lawsuit. Thanks for watching! -k

  • @trinam09
    @trinam09 2 года назад +1

    If I went to Boston University but I meet all the other requirements am I still eligible? I'm a bit confused thanks!

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Genius Gin Girl - The details get confusing, but, if you were a subprime borrower (had a low credit score at the time) and went to school between 2002-2014 then you should be included. They will contact you by July if you are included. Good luck and thanks for watching! -k

  • @ladymcgill8016
    @ladymcgill8016 2 года назад +1

    I lived in New York until 2018, do I qualify

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi LadyMcGill - it appears, according to this website (navientagsettlement.com/Home/portalid/0) that you had to live there January 2017 to be eligible for the federal loan forbearance restitution (the $260 check). To be eligible for forgiveness, you had to live there (or one of the other qualifying states) June 30, 2021. Good luck and thanks for watching - k

  • @mbspringer67
    @mbspringer67 2 года назад +1

    Does Navient have to currently be servicing the loans?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @Michelle Murray! For the federal $260 check, the loan had to be serviced by Navient as of January 2017. For the private loan cancellation, the closest I can find is it says the loan had to be taken out with Sallie Mae/Navient between 2002 and 2014 but it doesn't mention when the loan had to be serviced by. You can read more about it here: navientagsettlement.com/Home/
      My fingers are crossed for you, Michelle!

  • @Nari_D
    @Nari_D 2 года назад +1

    Hii I have loan with Great Lakes and Fedloan servicing I went to AI from 09 to 12 do I qualify??

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Nari D - your loans have to have been with Navient to be eligible for this settlement. Thanks for watching!

  • @jbutterflyychacha9873
    @jbutterflyychacha9873 2 года назад +1

    I received a letter recently that my loans changed from navient to mohela ???does that count me out !!!!

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @jButterfLyy ChaChaland - navient no longer is servicing student loans so all accounts have been transferred to other companies. This does not affect whether you are part of this settlement. Thanks for watching!

    • @jbutterflyychacha9873
      @jbutterflyychacha9873 2 года назад +1

      @@themoneylibrarian wow I have prayed for this for so long now !!
      thank you for creating this video and doing the research !!
      I’ve heard about it but didn’t wanna get my hopes up!!
      But with your info it’s literally life changing for me . I was set on joining the military to get my loans taken care of.
      It sounds a lot like my situation I will have to do my research now that you inspired me ..
      Also, for whatever reason when I try to log into fed loan. Gov it says I have no loans so I don’t know what that’s about.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Wow - thank you for sharing your story, I'm so happy to hear they're helpful! As to your loans, any federal loans would show up on studentaid.gov; private loans would show up on the website of whatever company is servicing them now.

  • @latanyasanders610
    @latanyasanders610 Год назад

    Additional information to my questions above.
    I went to Nova Southeastern University 2007-2014. It was in 2007 when the Private Student loan Servicer Sallie Mae/Navient was suggested to me by the Financial Aid Officer at that institution.

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      Hi @Latanya Sanders - sorry I'm just seeing/replying now! I don't think this school is part of the lawsuit. I wish I had better news! I did some digging, it looks like the state of Florida has student loan help for lawyers and nurses, but that's it.

  • @slothymar
    @slothymar 2 года назад +1

    My address as of June 30, 2021 HAD to be in a qualifying state? I moved to a qualifying state (GA) in DEC 2021 so Navient has my Georgia address.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @ Sl0thMaR! OH NO! According to the main website, "Generally, to qualify, the borrower’s mailing address on file with Navient as of June 30, 2021, must be within one of the restitution-participating states listed" This is because it wasn't a federal ruling, this lawsuit was put on by 39 state attorneys general, so only the people in those states get the loan forgiveness. I hope you're able to get it!!!!! navientagsettlement.com/Common-Questions
      If you have *federal* loans, you may still be able to get them forgiven through Borrower Defense Loan Discharge: studentaid.gov/borrower-defense/
      Good luck and let me know how it goes!

    • @slothymar
      @slothymar 2 года назад +1

      @@themoneylibrarian It seems like if I live in a qualifying state now, I should be eligible for the forgiveness. I REALLY hope so. I tried Borrower Defense a few years ago with no success. They claimed my denial was becuase I didnt file suit?!

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Ugh! Sorry to hear borrower defense didn't work before. I REALLY hope you're able to get the current Navient settlement, too - my fingers are crossed for you!

  • @yourejustintim
    @yourejustintim Год назад +1

    So if i paid off my loans i dont get anything?

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      Hi @yourejustintim - if you paid off your loans then you got what you signed up for (an education) and now don’t have any debt! Thanks for watching! -k

    • @yourejustintim
      @yourejustintim Год назад

      @themoneylibrarian No, I paid off my debt not because it provided a quality education that led to a well paying job but because I worked multiple jobs in different professions while taking classes to goto another school that would.

  • @freelyashley2874
    @freelyashley2874 2 года назад +1

    Hi thanks for making this video. Do I have to qualify for all 5 to get complete forgiveness? By past due you mean I didn't pay my loans for months? That's not me, I've always payed mine on time. How do I find out my credit score?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi FreelyAshley! Yes, you'd have to have all five qualifications to get the private loan forgiveness - but it's a complicated settlement, so you'll hear from Navient by July if you will be getting any forgiveness. You can usually get your credit score from your bank or credit card. Thanks for watching!

    • @freelyashley2874
      @freelyashley2874 2 года назад +1

      @@themoneylibrarian thank you!

    • @angelbabe1977
      @angelbabe1977 2 года назад +1

      Yeah I get booted out of this one too. I have always paid when required and when not required (during school and during this pandimic). I have never, other than during this had a forbearance. The only thing she mentioned that pertained to me was University of Phoenix and loans between 2002 and 2014.
      Seen someone comment the other day that when us ethic people follow the rules we get screwed, and those who do as they please and make no efforts win.
      Starting to think they are right cause I am stressing to no end about my $1244 student loan payment I will have come May. And I have even paid off around $40k over the yrs inschool and out. Bout to pay off a 3rd on next month since this pandemic. The interest rate hurt me so bad when they put me on the income driven and I could not afford to pay much extra.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Angel Arledge - I'm sorry to hear you are having such a hard time with student loans - you are not alone! You could look into Borrower Defense discharge studentaid.gov/borrower-defense/
      Good luck and thanks for watching!

  • @godchild1271
    @godchild1271 2 года назад +1

    What about parent plus loans

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @Charlotte Gary - I don't believe Parent PLUS loans are included in the settlement, hopefully I'm wrong. If they are, you'll hear from Navient by July. Thanks for watching and good luck!

  • @frnciscob1
    @frnciscob1 2 года назад +1

    since they sold my loans to aidvantage I can't change my address, I hope they get my new address from aidvantage, since I do believe I qualify for loan forgiveness.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Javier Bon - You should be fine. According to the settlement website, "Eligibility for a forbearance steering payment is not affected by the transfer of servicing to Aidvantage." (navientagsettlement.com/Home/portalid/0)
      If anything, it wouldn't be a bad idea to update your address on studentaid.gov - - I have my fingers crossed for you!! Thanks for watching - k

  • @hkaszowi
    @hkaszowi 2 года назад +1

    what do I need to do on my end?

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Henry Koszowicz - you don't need to do anything, but it is helpful if they have your current address on file so they can get in touch with you. Thanks for watching!

  • @dyangobriones3667
    @dyangobriones3667 2 года назад +2

    I just got a pending litigation review letter from Navient. I set my loan up in 2008 when I was 19 with Sallie Mae, when I had no idea what it would mean for the rest of my life. I am still waiting to hear from them, hoping they wipe it out.

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Dyango Briones - I’m sorry to hear it’s been such a burden for so long - fingers crossed it gets wiped out with this lawsuit! Thanks for watching - k

  • @TheAlarickarczag
    @TheAlarickarczag 2 года назад +1

    I just came across your video, thank you so much, I’m trying to figure out what steps I need to take to get my loans with Naviant (original with Sally Mae) forgiveness started, I graduated in 2005, but I’ve been in both “income based repayment” which was zero with 3 kids… and I’ve been in forbearance… I believe this should be forgiven since ITT tech closed, the credit are not recognized/transferable… but who do I take this up with? Naviant declined and said I have to consolidate my loans through the US department of Eduction… I’m not sure where to turn. Any suggestions are appreciated!

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @Alaric Karczag - What kind of loan forgiveness you qualify for depends on many factors. It sounds like you could be part of the Navient settlement, in which case they'll contact you within the next two months. Although you went to ITT tech, you had to leave without a degree after 2008 to get your loans forgiven so that particular settlement won't work for you. BUT you may be able to get forgiveness through the Borrower Defense program or Income Driven Repayment, depending on the plan you're on you'd have your loans forgiven in 20 or 25 years after you started paying.
      Here are links to those specific programs, they will give you guidance on where to go now:
      studentaid.gov/borrower-defense/
      studentaid.gov/manage-loans/repayment/plans/income-driven
      I have a student loan forgiveness "cheat sheet" that gives you a quick overview on 13 different federal loan forgiveness programs on my website, www.msmoodymoney.com/hello
      Good luck and let me know how it goes!

    • @TheAlarickarczag
      @TheAlarickarczag 2 года назад +1

      @@themoneylibrarian so, Naviant is telling me I need to consolidate both my loans into one with The Department of Education... I feel like that would have negative consequences... Would that consolidation restart my time to pay? I graduated in 2005, and 20/25yrs is around the corner... Would you suggest I just stay with my loans with Naviant or consolidate them?... I don't want to lengthen this painful overhead any longer than I have to... Thanks again for the links

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Alaric Karczag - since Navient knows much more about your situation, they would know better than me what you should do. If your loans are federal loans, then consolidating them with the department of education would allow you to benefit from the current pause on student loan payments. I don't know how it would affect IDR forgiveness. It sounds like your next step is to call the Department of Education to find out what consolidating with them would do for you and what your options are. I wish I had an easy answer for you!! Good luck and let me know how it goes!

  • @PrettyStraightforwardBudgets
    @PrettyStraightforwardBudgets 2 года назад +1

    Thank you!!! I qualify!!

    • @themoneylibrarian
      @themoneylibrarian  2 года назад +1

      Hi @Rachelle R -yay!! I'm so happy for you - congratulations!! Thanks for watching - Kate

  • @arlenegarza4353
    @arlenegarza4353 2 года назад +1

    Hi can u tell me how it works when u are in disability declared NOT BY STATE PERMANENT AND STATIONARY DISABILITY AT TIME IF LOAN 2004?? I DECLARED BANKRUPTCY BUT RHEY REFUSED TO DO IT ON LOAN I HAD SALLIE MAE WEBT TO NAVEINT AND POSDIBKY NOW 20 YEARS OLD YES FORBEARANCE I NEED HELP SEEING IF I CAN GET LOAN DISCHARGED WHO Cn help me ??

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Arlene Garza - I'm sorry to hear you've had such a hard time with this! Bankruptcy does not, in the vast majority of cases, get rid of student loans (unfortunately). There is a Total and Permanent Disability Discharge (studentaid.gov/manage-loans/forgiveness-cancellation/disability-discharge) you may be eligible for. You can contact the Department of Education and talk to them to find out about your specific case and/or you can contact your student loan servicer. If you are eligible for the Navient settlement, you will be contacted by July as to what you'll get. Good luck and thanks for watching!

  • @chitaylor2775
    @chitaylor2775 2 года назад +1

    Good I qualify

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Chi Taylor - congrats! That’s great to hear!! Thanks for watching - k

  • @keeper6458
    @keeper6458 Год назад +1

    I have a private student loan between those dates. It was transferred from Sallimae to Navient, but I couldn't let it go into default because they threatened me on taking my paychecks. Is there any help?

    • @themoneylibrarian
      @themoneylibrarian  Год назад

      Hi @Keeper, I’m sorry to hear you have these loans and it looks like you won’t be part of this settlement. I don’t have any magic answers for you as the settlement is over but it seems like you’re on the right track - researching your other options. I’d check Reddit for help too. Good luck and thanks for watching! -k

  • @Biolet808
    @Biolet808 2 года назад +1

    Thx girl 😇

  • @thevalianttraveler1393
    @thevalianttraveler1393 2 года назад +1

    "The private loan debt relief will primarily go to borrowers who took out private subprime student loans (made to borrowers with low credit scores) through Navient’s predecessor, Sallie Mae, between 2002 and 2014, and then had more than seven consecutive months of delinquent payments prior to June 30, 2021." so it would seem you do not. HOWEVER, this is a simplification; the settlement is complicated and you may still qualify under another part of the settlement. Navient will contact you by July if you are eligible.
    I met all of requirements minus the seven consecutive months (I was in bankruptcy at the time, and Navient says it does not qualify as a default) therefore the $70k in Private Loans I still owe, will be the death of me forever. =\

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      @The Valiant Traveler - UGH - I'm sorry to hear this. It has to be really tough dealing with this debt that you can't get rid of in bankruptcy. Hopefully, with all the big changes going around in student loans yours will be included soon

  • @arlenegarza4353
    @arlenegarza4353 2 года назад +1

    I'm needing help is there anyone who can help me I have no idea what I qualify for. I'm nit comfortable calling Navient. I'm not comfortable talking with lawyer gettin swayed to pay them
    I have my address updated with federal student aide.
    I took a loam out with Sallie Mae woth junior city college then they sold to naveint yes I have been in forbearance think our but made no payment due to hardship. Over 20 years now think 4k was amount now up to 7k.
    I'm not sure if in default ? N I like to get this off me.
    I did a bankruptcy 10 years ago maybe longer YES I NCLUDED STUDENT LOAN BUT LAWYER SAID COULDNT BE CAMCELLED. NOW I WONDER IF IT CAN SINCE MY FEDERAL WAS NOW PRIVATE??
    MY CREDIT IS TERRIBLE TOO N CANT EVEN GET A CREDIT CARD THOUGH IVE BEVER EVER BEEN IN DEFAULT EVER. I WENT BANKRUPT FROM DUSABILITY IM TOTALKY PERMANENT DISABLE BUT NOT THRU SS. JUST FROM WORK COMP.
    IM NOT SURE WHICH FORM TO FILL OUT N I NEED GUIDAMCE JUST SOMEONE TO COME ALONG SIDE OF ME HOKD MY HAND N HELP ME.
    AG. LUV SOMEONE TO C9NTACT ME. SDCONDOEXPERT@YAHOO.COM

    • @themoneylibrarian
      @themoneylibrarian  2 года назад

      Hi @Arlene Garza - I'm so sorry to hear about your situation, it sounds frustrating to say the least. The organization that comes to mind when you ask for someone to help you is the National Foundation for Credit Counseling, they're usually very cheap or free to talk to. Because student loans are such a huge issue, they have lots of experts on student loans. They may be able to give you direction or assistance : www.nfcc.org/agency-finder
      Good luck!! -K