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41
General Discussion / Re: Navient Consolidated Loans
Last post by navientsux - October 19, 2020, 11:47:02 am
Thanks.  I was able to confirm that there are 2 FFELP loans.  So even if I get a Direct Loan, Navient gets paid? 
42
General Discussion / Re: Navient Consolidated Loans
Last post by TheCollegeInvestor - October 19, 2020, 08:39:56 am
You want to get your "MyAid" file at StudentAid.gov. This will break down exactly what loans you have, by loan type, date, etc.
43
General Discussion / Re: Navient Consolidated Loans
Last post by navientsux - October 19, 2020, 08:05:33 am
Thank you for your prompt response.  How would I go about confirming that I have that type of consolidation loan?  It's depressing to think that Navient will get their money from me no matter what.
44
General Discussion / Re: Navient Consolidated Loans
Last post by TheCollegeInvestor - October 11, 2020, 10:33:13 am
It sounds like you have an old consolidated FFEL Loan. These loans don't qualify for any programs under the Covid-19 assistance.

Furthermore, chances are that future legislation will continue to not cover them. Depending on how much you have left on your loans, and how much time you have left, you might consider re-consolidating into a Direct Loan, which will open you up to the current Covid-19 pause, as well as new loan forgiveness options (like PSLF).
45
General Discussion / Navient Consolidated Loans
Last post by navientsux - October 10, 2020, 08:38:19 am
I am currently still paying my student loans in these unfortunate COVID times because Navient says I have a consolidated loan.  Will this affect my eligibility for any proposed future forgiveness whether it be by a new administration or as a result of the Navient lawsuits?
46
Navigating Repayment / Re: Navient -- Consolidated L...
Last post by TheCollegeInvestor - October 06, 2020, 08:52:33 am
I can't tell you what you did. I can't tell you the paperwork you filed. Only you can know and have records of it. You can also pull your MyAid file on StudentAid.gov and see your loan records to check.

Since both your loans are at Navient, regardless of consolidation, you're likely being billed one amount anyway.
47
Navigating Repayment / Re: Navient -- Consolidated L...
Last post by Cherokeebx - October 05, 2020, 05:49:07 pm
If I consolidated two loans into one, why am I being billed on two accounts?  Moreover, the subaccount(s) have two separate categorized numbers, i.e., 01 and 02, and each subaccount is accruing interest separately.

And if I consolidated, then I am billed on one amount and one interest rate.

Consolidated.
48
Navigating Repayment / Re: Navient -- Consolidated L...
Last post by TheCollegeInvestor - October 05, 2020, 05:21:53 pm
I'm not quite sure what you see is the scam. Your current balance and monthly payment all have to do with your payment history, repayment plan, and more.

What payment plan are you currently on? Have you ever missed payments or gone into default? All of these play a factor in your loan balance.
49
Navigating Repayment / Navient -- Consolidated Loan ...
Last post by Cherokeebx - October 05, 2020, 01:44:20 pm
On February 8, 2002, Navient granted me a Consolidated loan. 

To date, Navient has each loan categorized as:  (a)  Loan 1-01 Consolidation and (b) Loan 1-02 Consolidation, and (c) each loan is being charged 6.875% interest rates, accordingly.

At the time of submitting the consolidation loan application in December 2001/January 2002, the loan amounts were:

Loan 1-01 Consolidation:
Unpaid Principal:   (i)   $33,187
Unpaid Interest:    (ii)   $   __
Unpaid late Fees:  (iii)  $   __


Current Loan 1-01:
Unpaid Principal:   (i)   $102,153.67
Unpaid Interest:   (ii)   $  3,350.17
Unpaid late Fees: (iii)  $     717.59
____________________________________
Loan 1-02 Consolidation:
Unpaid Principal:   (i)   $28,107
Unpaid Interest:   (ii)   $   __
Unpaid late Fees: (iii)  $   __

Current Loan 1-02:
Unpaid Principal:   (i)   $ 50,062.11
Unpaid Interest:    (ii)   $   1,641.80
Unpaid late Fees:  (iii)  $     451.57

Current balance:  $158,376.91
Current monthly balance:  $1,169

Help
50
Navigating Repayment / Re: How to consolidate 2 stude...
Last post by TheCollegeInvestor - September 29, 2020, 08:27:52 am
I'm not sure I understand. You can consolidate your loans together, or you can consolidate each loan individually, but you can never consolidate your Parent PLUS Loans into your children's loans.

Remember, Parent PLUS Loans are legally your responsibility 100%. While you may have a verbal (or even written agreement) with your children, they are still your loans.

Some private lenders allow you to refinance a Parent PLUS Loan into the child's name, but the child has to agree to it and do the application (and of course, qualify on their own without you). However, there are big drawbacks to private loans.

See this on Parent PLUS Loans.
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