How to Upload Your Disability Letter to Navient Student Loan Portal

How To Authorize for the Navient Educatee Loan Forgiveness Program

UPDATED Sat March 28th, 2020

I created this Guide to teach you all about the Navient Student Loan Lawsuits and to explain how to get rid of your Navient educatee loans, even though at that place's no such thing as a "Navient student loan forgiveness programme".

Wait? What? What do you mean there'south no such thing as Navient loan forgiveness? I'll get to that in a minute, but if you lot're in a hurry, then here are links to the most important sections within this Guide:

• What Student Loan Forgiveness Programs Practise Exist in 2020?
• What Student Loan Discharge Programs Should I Try For?
• What Other Federal Assist Programs Should I Consider?
• What Private Student Loan Relief Programs Should I Review?

I promise, yous're going to find SOMETHING that tin help you bargain with your pupil loans in this Guide, it simply won't come from a program called "Navient loan forgiveness", since that doesn't actually exist.

What is the Navient Loan Forgiveness Program?

Technically, information technology doesn't exist. Information technology's a marketing tactic that people have been using to become your attention.

In fact, there's no such affair as "Navient Loan Forgiveness" at all, simply at that place are all sorts of Federal Educatee Loan Forgivness Programs, and there are even a few Individual Student Loan Forgiveness Programs, which I'll encompass in this Guide to teach you how to become rid of your Navient loans without paying for them.

But before we get into all the details, first, allow's cover the basics of the Navient lawsuits and explain how they could end up impacting your student debt.

After I've answered the most common questions almost the lawsuits confronting Navient, then I'll go through all of the forgiveness, discharge, and other financial aid programs in item, explaining everything yous need to know to decide if you can use any of them to deal with your Navient debt.

But Before We Dive Into Details…

Let me starting time fill you in on an important secret; one of the best ways to get rid of your student loans quickly, and affordably, is to pay for an expert's advice.

If you're truly struggling with student debt, and then y'all should as well consider paying a Student Loan Debt Relief Agency for assistance. Why? Considering the people working at these companies deal with student loans all day, every twenty-four hours, and they're your best chance at figuring out how to get your loans back under command.

I've interviewed all sorts of debt relief agencies over the past ten years, talking to all sorts of so-called "experts", and I tin can tell y'all that in all honesty I've only establish two companies I trust to offer actual financial relief to people struggling with student loans.

For aid with FEDERAL Pupil Loans: Call the Pupil Loan Relief Helpline at 1-888-906-3065. They will review your example, evaluate your options for switching repayment plans, consolidating your loans, or pursuing forgiveness benefits, then prepare you up to get rid of the debt every bit quickly every bit possible.

For help with PRIVATE Pupil Loans: Call McCarthy Law PLC at 1-877-317-0455. They volition negotiate with your lender to settle your private loans for much less than you lot owe, then get you a new loan for the much lower, settled amount. NOTE: McCarthy Police force can ONLY aid with Private pupil loans.

If you do decide to call one of these companies and you have a bad experience with either of them, PLEASE make sure to come up back and permit me know about it in the Comments!

Who is Suing Navient?

Navient is being sued by the Consumer Financial Protection Bureau (CFPB) and the Attorney Generals of Illinois, Washington, Pennsylvania, California and Mississippi.

Why is Navient Existence Sued?

Navient allegedly harmed student loan borrowers they were supposed to exist servicing by:

• Misallocating monthly educatee loan payments, potentially on purpose, to cause borrowers to owe more money by extending the length of their loans, and racking up fines, fees and penalties
• Suggesting that borrowers utilize plush Pupil Loan Abstinence and Deferment Programs instead of Income-Driven Repayment Plans, again, to increase the full costs of educatee loans
• Purposefully making information technology hard to rejoin Income-Driven Repayment Plans afterwards Forbearances and Deferments had concluded
• Purposefully obscuring the rules around qualifying for Educatee Loan Co-Signer Releases, ensuring that Co-Signers would remain on the hook for payments fifty-fifty when they have been able to become released from the loan

All of these are serious allegations for a company that'south supposed to exist helping their borrowers, rather than hurting them, and that's why these lawsuits are such a large deal.

When Will the Lawsuits Exist Resolved?

Nobody knows, just they're likely to concluding for several more years because Navient is purposefully postponing the rulings.

Why would Navient want to stretch out the court cases? Because the longer these lawsuits drag on, the more money they're able to collect from borrowers!

How Can I Join the Navient Lawsuits?

You tin can't. It's not possible to do and then, but if you live in whatsoever of united states whose Attorneys General are suing Navient, y'all're technically covered already anyway.

And even if you lot don't live in those states, the CFPB is a Federal Agency, so their lawsuit essentially covers all American borrowers.

Volition I Get Loan Forgiveness if Navient Loses?

You might receive some loan forgiveness, but to exist honest, these lawsuits could drag on for years and years.

Also, if similar lawsuits recently completed against schools are any indicator of results, then the financial relief you receive at the finish of this thing volition probably only cover a tiny portion of your total debt.

Then Why Do the Navient Lawsuits Matter at All?

The Navient Lawsuits are of import considering they're a huge betoken that the student loan crisis may finally have an end in sight, with borrowers winning the long war confronting the decadent servicing companies that have preyed on them for decades.

While Betsy DeVos and President Trump'southward Assistants keeps trying to protect Navient, these court cases evidence that at that place's only so much they tin do now that the Courts will stop upward ruling on whether or non Navient can go on to get away with their bad beliefs.

Can I End Making My Monthly Navient Payments?

Admittedly not! Unless you want your loan to get Delinquent or to Default, which will ruin your credit and permit Navient to initiate collections activities against yous.

Keep in listen that collections activities can include extremely serious consequences, similar having Navient sue you, Garnish Your Wages, take your tax refunds or your Social Security payments.

Are At that place ANY Legitimate Student Loan Forgiveness Programs?

Yes! Absolutely.

In fact, there's never been a ameliorate time to pursue student loan forgiveness benefits, considering in that location are all sorts of help programs on offer right now.

Most of the loan forgiveness programs are available to borrowers with Federal educatee loans, and near of them have eligibility requirements that stipulate you must work in a sure type of career.

Below, I'll become through all of the best pupil loan forgiveness programs currently on offering.

2020's Best Student Loan Forgiveness Programs

If yous need Help With Federal Student Loans, and so you've come to the right place, considering below I've provided a full list of all the current Federal Student Loan Forgiveness Programs on offer, including:

• Federal Pupil Loan Forgiveness Programs Overview
• The Pay As You lot Earn Student Loan Repayment Programme
• The REPAYE Student Loan Repayment Program
• President Trump's Educatee Loan Forgiveness Program
• The Public Service Loan Forgiveness Program
• Nursing Student Loan Forgiveness Programs
• Doctors & Dentists Student Loan Forgiveness Programs
• The Not-Turn a profit Employee Pupil Loan Forgiveness Programme
• Armed services Personnel Educatee Loan Forgiveness Programs
• Teacher Student Loan Forgiveness Programs
• Government Employee Student Loan Forgiveness Programs
• State-Based Pupil Loan Forgiveness Programs

But people with Private loans aren't getting left in the grit similar they used to either, as in that location are at present more than Private Student Loan Forgiveness Programs available than ever before likewise!

At present, assuming yous don't qualify for whatsoever of these forgiveness programs, don't surrender quite yet, considering there are also a whole serial of belch programs currently on offer, so let'due south await at those side by side.

2020's All-time Student Loan Belch Programs

Assuming you can't qualify for any of the forgiveness programs listed above, y'all may notwithstanding be eligible to receive a discharge (effectively the same thing as forgiveness…) by utilizing i of the following:

• The Borrower's Defense force Against Repayment Programme
• Federal Student Loan Bankruptcy Discharges
• The Airtight School Student Loan Discharge Programme

The about powerful of these is certainly the Borrower's Defence Belch Program, which you lot tin utilise to attack ANY school, and which allows y'all to authorize for a Complete belch if you can show that the school committed some kind of fraud against yous.

If you need help getting a discharge from 1 of the big for-profits schools, then once again, yous're in the right place, because I've created Guides to Using Borrower's Defense against the following schools:

• The DeVry Student Loan Discharge Programme
• The ITT Tech Student Loan Discharge Program
• The University of Phoenix Belch Program
• The Westwood College Belch Program
• The Walden College Loan Discharge Plan
• The Art Institutes Discharge Programme
• The Full Sail Academy Discharge Plan
• The Corinthian Colleges Discharge Plan
• The Heald College Discharge Program
• The Wyotech Discharge Programme
• The Le Cordon Bleu Belch Plan
• The Kaplan University Discharge Programme

Other Federal Student Loan Help Programs

If you lot don't qualify for any of the Federal forgiveness or discharge programs listed above, don't surrender however, because you may still be eligible for all sorts of other assistance programs.

Take a look at the other Guides I've created to assistance people deal with Federal student loans, including:

• Federal Pupil Loan Defalcation
• Federal Student Loan Consolidation
• Federal Pupil Loan Delinquency & Default
• The Federal Student Loan Rehabilitation Programme
• Federal Student Loan Wage Garnishment
• Federal Student Loan Deferment
• Federal Educatee Loan Forbearance
• Federal Student Loan Repayment Plans

Yous're almost sure to find SOMETHING that can help with your Federal debt from one of the programs listed above!

To Become Help With Individual Student Loans

And if you accept both Private student loans, then you'll want to take a look at my Guides on Private Student Loan Relief Programs, which you can find here:

• Individual Student Loan Forgiveness Programs
• Private Pupil Loan Consolidation
• Private Student Loan Bankruptcy
• Individual Educatee Loan Defaults

If you can't find anything that helps from my site, then delight post a Comment beneath and let me know what your state of affairs looks like, and I'll review your case myself to see if I can come upwardly with annihilation that might help!

Loan Forgiveness & Taxable Income Laws

One thing you need to keep in mind is that if you are able to receive forgiveness or discharge benefits, then you lot're probably going to have to count the amount you lot get as income on your IRS tax render, and pay taxes on it.

This sounds ridiculous, simply the IRS considers all loan forgiveness and discharge benefits equally "taxable income", which means y'all're going to have to count that forgiveness as income.

This is extremely of import, because the IRS will want y'all to pay all of that taxable income at once, in a unmarried lump sump, and for many people that simply isn't possible.

To find out exactly how it all works, visit my Guide on Pupil Loan Forgiveness Benefits and Taxable Income Laws.

Don't Get Devastated by the Taxable Income Trap

For people with huge debt loads, like $100,000 or more, information technology can actually be WORSE to have the loan forgiven than to simply keep making payments on information technology (even if you don't think it'll always be possible to fully pay it off!).

Why? Because taxable income has to be paid off all once, like I mentioned above, whereas student loan payments can exist stretched out over a series of decades.

This is why I created a new website chosen Forget Revenue enhancement Debt, where I go through the same kinds of information I do hither at Forget Student Loan Debt, but covering bug with the IRS, instead of with student loans.

If yous are worried about facing tax issues, or if y'all've already got some, please visit Forget Tax Debt to find out how to exercise things like Apply for the IRS Fresh Get-go Plan, Hire a Reliable Revenue enhancement Resolution Company, or Settle Your Debt with the IRS.

Cheque Dorsum in Regularly for Updates

Whenever annihilation changes with regards to the Navient lawsuits, student loan forgiveness benefits or discharge programs, I'll make sure to update this page with the latest details.

If you run into anything change that I haven't covered yet, please make sure to leave a Comment beneath so I tin can address information technology!

And over again, if you have other questions that I oasis't already answered hither, please feel complimentary to leave them in the Comments section below too.

I'll practise my best to go you a response within 24 hours.

Finally, Please Assist Me Out!

Running this website is like working a second full-time job, and I can but continue to dedicate the time and effort required to build Guides similar this 1 if people like you aid me out in render!

I will never enquire for a donation from my readers, merely I exercise want to enquire for your help in spreading the word that this site exists by sharing a link to it on Facebook, Reddit or Twitter.

The more people who visit FSLD, the more time I can dedicate to writing upwardly Guides like this 1, and helping borrowers like you!

Give thanks yous for visiting, and cheers for your support.

References

• The CFPB Lawsuit Against Navient
  • https://www.consumerfinance.gov/virtually-u.s.a./newsroom/cfpb-sues-nations-largest-student-loan-company-navient-declining-borrowers-every-stage-repayment/
• The Illinois Attorney General's Lawsuit Against Navient
  • Brief: http://www.illinoisattorneygeneral.gov/pressroom/2017_01/20170118.html
  • Official Complalint: http://www.illinoisattorneygeneral.gov/pressroom/2017_01/NavientFileComplaint11817.pdf
• The Washington Attorney General'southward Lawsuit Confronting Navient
  • Brief: http://www.atg.wa.gov/news/news-releases/ag-ferguson-files-adapt-confronting-sallie-mae-adjunct-navient-corp-announces-student
  • Official Complaint: http://agportal-s3bucket.s3.amazonaws.com/uploadedfiles/Another/News/Press_Releases/20170118ComplaintRedacted.pdf
• The Pennsylvania Attorney General's Lawsuit Against Navient
  • http://www.mcall.com/business/mc-nws-why-pennsylvania-is-suing-navient-20171005-story.html
  • https://www.forbes.com/sites/legalnewsline/2018/01/16/navient-says-it-is-the-victim-of-a-pointless-copycat-lawsuit-filed-by-pennsylvanias-ag/#28f503b42d04
• Other Resources
  • https://consumerist.com/2015/03/17/you-cant-belch-your-pupil-loans-in-bankruptcy-because-of-panicked-1970s-legislation/
  • http://www.finaid.org/loans/historicalrates.phtml
  • https://world wide web.navient.com/about/investors/stockholderinfo/earningsinfo/default.aspx
  • https://en.wikipedia.org/wiki/Navient_Corporation
  • https://www.forbes.com/sites/zackfriedman/2017/01/20/navient/#72320c196c39
  • https://www.nasdaq.com/article/navient-lawsuits-what-student-loan-borrowers-need-to-know-cm855944

Disclaimer: Information obtained from Forget Student Loan Debt is for educational purposes simply. You should consult a licensed financial professional before making any financial decisions. This site receives some compensation through affiliate relationships. This site is non endorsed or affiliated with the U.Southward. Department of Education.

By:

Tim'south experience struggling with burdensome educatee loan debt led him to create the website Forget Student Loan Debt in 2011, where he offers advice, tips and tricks for paying off student loans equally quickly and affordably as possible.

ojedamens1961.blogspot.com

Source: https://www.forgetstudentloandebt.com/student-loan-relief-programs/private-student-loan-relief/private-student-loan-debt-forgiveness-programs/navient-student-loan-forgiveness-program/