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Who is Navient?

If you have a student loan there is a pretty good chance you have navient as your loan servicer.

Navient is one of the largest student loan servicers with more than 12 million customers and who services more than $300 billion of government and private student loans.

The Recent Navient Lawsuit: What is it about?

A few weeks ago, members of the American Federation of teacher, filed a lawsuit against Navient. The lawsuit alleges that Navient sytematically misled borrowers into student loan repayment programs and types of forbarance, which do not qualify for Public Service Loan Forgiveness, which enables public servants to have their federal student loans forgiven after meeting certain requirements.

Navient declined to comment on the lawsuit.

Navient Student Loan Frogiveness

If your goal is public service loan forgiveness, you must choose an income-driven repayment plan for your federal student loans.

You must make a majority of the required 120 student loan payments while enrolled in a federal repayment plan. Remember that only federal student loans - and not private student loans - are eligible for student loan forgiveness from the federal government.

Also, you will need to certify your income each year - yes, each year - to determine what your payment will be under your chosen student loan repayment plan.

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My student loan servicer did not explain all my options and now i am enrolled in the wrong program

This happen often where instead of your loan servicer help you get the right information and the best repayment program for your situation they put you in something that will not benefit you just to continue to earn fees.

A professional Document Prepartion could help you determine which option is the best for your circumstance.

When you make the right decision you are in control of your financial life.

If you attended a corinthian college you may be able to get a refund and complete student loan forgiveness - Here is a list of some of the For-Profit closed schools.
  • Anthem Career College – multiple locations in Tennessee, closed 2014
  • Anthem College – multiple locations, closed in 2014
  • Anthem Institute – formerly the Chubb Institute; multiple locations, closed 2014
  • Briarcliffe College – Long Island, New York; a subsidiary of Career Education Corporation; closed 2016
  • Brooks College – California, closed in 2008
  • Brooks Institute of Photography – multiple locations, closed in 2016
  • Career Colleges of America – California, closed in 2014
  • Collins College – Phoenix, Arizona area
  • Corinthian Colleges
  • Le Cordon Bleu – multiple locations, subsidiary of Career Education Corporation; closing 2017
  • Crown College – Tacoma, Washington; lost accreditation in 2007 and closed
  • Dade Medical College
  • [Decker College] - 2002
  • Drake College of Business – New Jersey; closed 2015
  • Eagle Gate College – Utah; closed 2015
  • Everest College – multiple locations, a subsidiary of Corinthian Colleges, closed 2015
  • Everest Institute – multiple locations, a subsidiary of Corinthian Colleges, closed 2015
  • FastTrain College – Florida, closed in 2014 after FBI raid
  • Gibbs College – multiple locations; closed 2009
  • Harrington College of Design – a subsidiary of Career Education Corporation; closed 2016
  • Heald College – multiple locations, a subsidiary of Corinthian Colleges; closed 2015
  • ITT Technical Institute – all locations (closed September 6, 2016)
  • Kee Business College – multiple locations in Virginia, subsidiary of Corinthian Colleges, Inc.
  • Lighthouse College – closed 2015
  • Metro Business College – closed 2015
  • Miami-Jacobs Career College – closed 2016
  • Omega Institute – closed in 2014
  • Oregon Polytechnic Institute - closed 6/28/1996
  • Sanford-Brown College – multiple locations; subsidiary of Career Education Corporation; not to be confused with either Stanford University or Samford University;closed 2016
  • Tahlia Business Institute – Northern Alaska; closed 2016
  • Trump University – New York City, New York; closed 2010
  • University of Southernmost Florida – closed 2015
  • Victory University – Memphis, Tennessee; closed in 2014
  • Westwood College – multiple locations; closed 2016
  • Wright Career College – multiple locations; closed 2016
  • Yorktowne Business Institute – York, Pennsylvania; closed 2015

Closed School Discharge

If you attended a Corinthian school (Everest, WyoTech, or Heald and more) that closed while you were attending or soon after you withdrew, you may be eligible for a closed school discharge. A student who qualifies for a closed school discharge can receive a 100% discharge of the federal Direct Loans, Federal Family Education Loan (FFEL) Program loans, or Federal Perkins Loans they took out to attend the closed school and a reimbursement of amounts they have already paid to the Government.

You have the option of closed school loan discharge as long as:
  • You did not finish your program at a Corinthian school.
  • You did not already transfer your Corinthian credits to another school in a similar program (for instance, if you were taking a criminal justice program and you transferred to another criminal justice program, that would be a transfer to a similar program).
  • You were attending the school when it closed, or withdrew on or after June 20, 2014. A closed school discharge normally only applies to students who withdrew (without completing their program) within 120 days of the school’s closing date, or were attending when the school closed. But for Corinthian students, the Secretary of Education has extended the timeframe to include any Corinthian student who withdrew from one of its closed schools on or after June 20, 2014.

Conclusion

IF you feel unsure about your loan status and how to go about it or find the application a bit difficult, we can help you navigate and understand your loans as well as providing you with professional assistance to file your claim professionally and guarantee the best possible outcome.