Please consider registering

sp_LogInOut Log In sp_Registration Register sp_MemberList Members

Register | Lost password?
Advanced Search

— Forum Scope —

— Match —

— Forum Options —

Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS student-icon
Navient Troubles
February 7, 2019
4:25 pm

I have been making payments to Navient since 2015. My payments varied in the $300 -$400+ for three years now. (Interest fluctuating, every month) February 2019 I am unable to make the now $632.84 (and rising) payment for my three, private loans. I told Navient my financial situation (I make less than $20,000 a year) Navient said they could bring my payment down to $546.55. I told them this was also out of my means and Navient stated the only other thing they could do was to extend my loans for another 10 years and lower payment to $466.50. And to qualify, I would have to make “3 qualifying months” of “on-time payments” that are pulled out of my account, same day, every month. When three qualifying months are completed… I have six additional months of $466.50 payments.. and after that I would have to reapply. Are these really the only options for a single mother with income of 18,000 a year? I cannot afford to live and pay off these debts with these kind of payment options. $466.50 is STILL WAY too much!


February 7, 2019
4:43 pm
Forum Posts: 348
Member Since:
May 3, 2014
sp_UserOfflineSmall Offline

Hi Kristen,

That sounds like a really difficult situation.

Before I can offer any thoughts, I first will need to know if these are federal government student loans or private student loans. Hopefully some or all of these loans are federal as there will be many more options.

Forum Timezone: America/Indiana/Indianapolis

Most Users Ever Online: 27

Currently Online:
1 Guest(s)

Currently Browsing this Page:
1 Guest(s)

Member Stats:

Guest Posters: 168

Members: 7231

Moderators: 0

Admins: 2

Forum Stats:

Groups: 1

Forums: 5

Topics: 260

Posts: 758