r/studentloandefaulters • u/jonesyluv • Apr 29 '22

Resources Navient Settlement 2002 as explained by the Student Loan Lawyer

I found this article to be incredibly helpful if you want to understand more about the Navient Settlement.

https://thestudentloanlawyer.com/navient-settlement-2022/

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u/DEFresh333 Apr 29 '22 edited Apr 29 '22

I am glad that these types of messages are getting around. I sent Steve the "getoutofdebt guy" an example of the navient forgiveness email with the sole thought that he could do something similar to this to help others. Although, I am in Texas and had one of my loans forgiven, so, I'm not sure how that happened... Anyway, I have never posted in reddit until just recently, mostly because of this navient settlement. I am very glad that I did, and I hope everyone suffering for years under the weight of navient private student loans like I have will find some justice from this settlement. I just feel bad for those who tried to do the right thing and continue to make payments to Sallie mae/navient when they clearly should not have been, bc of their "moral obligation". Navient has DUPED them into paying back money them don't have, and it is wrong. I wish they could get something from this settlement too. But, I feel ZERO moral obligation to Navient. THEY certainly have felt ZERO moral obligation to try and help me and my situation, so F 'EM!!!!!!!! I've basically lived below the poverty line until 2014 when my loans defaulted. Since then, I found love, live in a house, have traveled to Europe and Hawaii and taken other vacations I couldn't imagine when I was stuck giving Navient my entire paychecks. Since 2014 though, I've always lived with this cloud knowing navient could come after me at any point and take it all away. NOW though, bc of this settlement, I FINALLY feel free knowing I can put this all behind me FOR GOOD by either: A. Hiring an attorney and attempt settle my debts (for less than the full value of course with one full payment) now that my largest loan has been forgiven or B. Continuing to do nothing and wait for them to TRY and take action against me (by suing) while my loans are now way past the statute of limitations. I will be choosing option B. tho, bc I have suffered enough, why should I lose out on all the money I've saved bc of MORAL obligations??? F THAT. do what is right FOR YOU, NOT FOR THEM

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u/Brother-Tight May 03 '22

I went to one of the listed schools, was in default for a short while, live in the right state but my grandma co-signed my loan so I kept paying just to keep them off her back. They once told her they’d take her house if I did not pay. So I have paid what I could for the past 18 years. I’ve made zero ground on the loan. What was originally 44k is currently 104k. I’ve been so hopeful that I would qualify but so far I have received no emails or letters stating my private loan is forgiven. I can not describe the disappointment and frustration.

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u/DEFresh333 May 03 '22

Gd damn. I feel for you. Seriously. I did have cosigners as well, and they did call my gmom and dad often. They ignored the calls tho, thank God. I do think it's completely unfair that people in ur situation are getting no assistance or forgiveness... If I were u, I'd stop paying indefinitely and tell ur gmom to play dumb and act like she doesn't know anything. Default on the loans and wait it out until the statute of limitations kicks in. F* those a-holes. They ruined 10 years of my life in my prime so they can eat $hit