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General Discussion / private student loan death discharge

« Last post by 0Nicole0 on Today at 11:57:40 AM »

Hello I recently found out that I owe over $15000 to sallie mae, $9888 to Nelnet, and $18000 to Discover for student loans.I was wondering if I died would the loans go to my cosigner or would they be forgiven or discharged?

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Student Loan Scams / Re: Solevio?

« Last post by TheCollegeInvestor on August 11, 2018, 11:47:07 AM »

They appear to be a third-party document preparation firm.

Remember, you don't have to pay anything for help with your Federal loans. You can apply for loan forgiveness and various repayment programs yourself by calling your lender or going online to StudentLoans.gov.

If you choose to work with a third party company, read this first and understand exactly what you're paying for: https://thecollegeinvestor.com/16429/is-your-student-loan-repayment-company-a-scam/

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Student Loan Scams / Solevio?

« Last post by Tcapp19 on August 10, 2018, 02:52:27 PM »

Has anyone heard of or done loan forgiveness with Solevio?

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Navigating Repayment / Re: Does going into student deferment reset the 25 year IBR forgiveness period?

« Last post by TheCollegeInvestor on August 03, 2018, 07:09:30 PM »

Is this a good strategy long term? It's hard to say.

Here's some thoughts:
- Your IBR clock doesn't reset as long as you keep your loans in good standing
- Deferment is still good standing
- To get deferment for being in-school, you need to be enrolled at-least as a half-time student (I don't know if 6 hours is enough).

The hard part I see with this strategy is balancing being a half-time student with working. For the same time devotion, could you earn more and make a serious dent in your loans, versus spending more (for the classes you're taking) and struggle with time management?

For the short term, it might work, but I can't see this being a sustainable long term strategy. Furthermore, I think there are alternatives to spending your time earning versus being in school that might benefit your entire financial picture in a better way.

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Navigating Repayment / Does going into student deferment reset the 25 year IBR forgiveness period?

« Last post by etc on August 03, 2018, 03:23:57 PM »

I have been out of grad school for about 7 years now. Due to high interest rates and a large debt load, a vast majority of the payment that is currently paid under IBR goes to interest. As a strategy to pay down the debt and to expand my education, I will be re-enrolling in school for 6 hours. I understand that this will defer my loans and prevent interest from accruing on the Stafford Subsidized loans. During this time, I'll be diverting the payments to my private loans instead.

Is this a good strategy? Does going into student deferment reset the clock on loan forgiveness? I don't want to have to restart the 25 year forgiveness cycle on those loans.

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Private Student Loans / Re: Loan provider refuses to tell me how much i owe

« Last post by TheCollegeInvestor on July 31, 2018, 01:50:43 PM »

Very strange. You can pull your credit report at annualcreditreport.com and see who the servicer is (who should tell you) AND it should have your recent balance. It's free to pull it once a year.

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Private Student Loans / Loan provider refuses to tell me how much i owe

« Last post by Pjken on July 31, 2018, 01:14:26 PM »

Hello,

Me and my wife have been paying off her student loan debts for 3 years. We called the private loan provider recently to receive an update on how much she still owes. However, they refused to tell us... They also refused to send us in writing that they refused to tell us...

What can we do? Is it legal they don't tell us how much my wife owes?

Thanks in advance!

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Student Loan Forgiveness / Re: Student Loan Consolidation Program...scam? Help!!!

« Last post by ksj13219 on July 19, 2018, 10:56:39 AM »

Yesterday I also received a "final notice" in the mail. I recently moved and thought that the notice was regarding my address change and that i would need to contact studentloans.gov to verify my new address change because I forgot to do that in the past. I called the number provided and they asked for my ssn and DL# which i provided. They told me I could have a reduced monthly rate and it wasn't until after I emailed Clarity Solutions Center my loan information that I realized was talking to a third party. After i got transferred and a gentleman began telling me my options on potential new payments i quickly told him i was no longer interested in the program. He was nice about it and told me to call back whenever I was ready. I feel like such an idiot for not being aware of who I was talking with on the phone but just like everyone else is saying, Clarity Solutions seemed so legit from the letter in the mail to the representative I spoke with on the phone with. I called back probably 3 different times and spoke with three different people asking if my information was safe and they all said I had nothing to worry about and as soon as I canceled the loan consolidation process over the phone that they would have no more use for it but that they would keep it for 30 days in case i decided to complete the consolidation process. It gave me a little comfort how nice everyone was but at the same time I still could barely find any information on this business and am still worried about my personal information being at a business I know nothing about. I checked my credit report yesterday (I learned more about identity theft and credit reports yesterday than I have in my entire life) and plan on checking again in a couple of months to make sure nothing is out of the ordinary. Have any of you experienced any breach of your identity since giving away your personal information to Clarity Solutions Center?

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Student Loan Scams / Re: Relief Financial - Scam, what else can I do to prevent??!

« Last post by TheCollegeInvestor on July 17, 2018, 08:27:12 AM »

Sounds like you got it cancelled. Here's out guide on what to do: https://thecollegeinvestor.com/19642/scammed-by-a-student-loan-company/

All you can really do at this point is monitor your information and make sure everything is fine.

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Student Loan Scams / Relief Financial - Scam, what else can I do to prevent??!

« Last post by sj on July 14, 2018, 12:20:55 PM »

Just the other day, Friday at noon I had mistakenly e-signed with this company, Relief Financial over the phone with an operator who put me on this student loan consolidation program for an initial service fee of $799.00 through $266 installments until September. With the first bill having come in (grace period ending) from my current loan provider I was in a bit of a panic-stage as it's been a little tough in the job sector majority of summer for me. Anyways: The man claimed my current loan holder was hiding the fact they're making me pay a small principal with a large interest and having "talked" to the Department of Education said I qualified for the Obama Forgiveness program/240 mo. government-paid program that would wipe the slate clean. Gullible when they requested for it I gave them my e-mail, bank card info, indirectly gave them my fsa login, ssn#, and address. After signing the man said his "lawyer team" would contact me Monday; just for record purposes (because I always do) I asked for the operator's direct-line and name and got a copy of the agreement pdf.

Having found this forum having second-thoughts all night of that day seeing familiar stories from students, I've requested a new card from the bank, changed my e-mail and fasfa login, reported the incident to my loan provider as well added a fraud alert with Equifax on my credit.  Any one have any advice whose actually gotten scammed?

**UPDATE**: Woke up early to get a hold of FSA Feedback, State Office of Attorney, Consumer Protection, and FTC to report and update on recent happenings. Relief's team of "lawyers" / "processing" called. I gave them the reason another party was taking care of it to cancel the agreement and close the account (though they still have my information on profile). 
They seemed rather polite and tried to convince me to stay with them by trying to lower my rate. I didn't give them a chance to convince me otherwise. In the end I got the confirmation number of the cancellation, location of business and representative's first and last name.

I am slightly concerned about the confirmation as it was pretty basic and didn't say what was physically canceled legally-speaking (all it has was my name, the cancellation number and the contact of the person who sent it) though they said it on the phone was the account AND agreement.