stacyppl

About 24 years ago, my then husband and I consolidated our undergraduate student loans. Navient was the servicer. Since we were still in school taking graduate courses, our loans were in foreberance. Apparently, the Department of Education eventually sold our loans to Navient (I figured this out later). Well, we eventually divorced in 2004. By this time, this consolidated loan had ballooned to over $300,000 and was in default. I was also in default with my grad school student loans with The Department of Education to the tune of $70,000. Although I ended up filling for chapter 7 bankruptcy in 2010, I did not include any student loans because I thought I could not discharge any student loans. Those defaulted student loans were a dark cloud over my life. Well, along came Covid and I was able to rehabilitate my loans with the Dept. of Education. I am currently enrolled in the SAVE plan. The Navient loans disappeared off my credit reports. I don't know if they aged off, but I hadn't received any correspondence from them in years (my ex is primary on the loan and I don't know where he is or if he received correspondence from them). I had read that consolidating spousal student loans was no longer allowed, so I thought maybe that had something to do with Navient's silence. We'll, this month, I received two letters from Navient stating that my loans will now be serviced by MOHELA. I have no idea if the loans will reappear on my credit Reports. I know I can't even afford half of the monthly payments. I have no idea where my ex is or if he can pay half. I am not sure what to do. I think I read that the loans Navient purchased from the Department of Ed. are considered private loans now. Can I file Chapter 7 bankruptcy to get rid of these loans? I just feel like I will never get rid of this. Any thoughts/insights?

Thanks for your reply. When I get the official rehabilitation paperwork in the mail, I will call.

So, I submitted the paperwork for student loan rehabilitation. It looks like it was accepted because a repayment plan is now listed on the myeddebt website for $224 a month, 1st payment due on the 09/30/2021. Before the Cares Act barred student loan collection, I had a garnishment of over $400 a month. This now leads to a few questions for clarification. It is my understanding that if one is in rehabilitation with a wage garnishment, 5 payments must be made to get out of garnishment, is this correct? Also, due to the Cares Act, the payments that one would have made in rehabilitation still count toward the 9 months of rehab payments, is this correct? If so, considering my payment due date, I will have been credited with 5 payments by the end of the Cares Act extension of the prohibition against student loan collection on January 31st (unless it is extended again, of course). Will this also mean that my wage garnishment will end February 2022 and I will just have to make 4 more months of payments? I just want to make sure my thinking is correct. Any insight and clarification is welcomed. Thank you.

Congratulations!!!!! Navient is only on one of my reports. The other loans with the DOE are on all of them and will fall off by Jan 2019 (although I know they still on the CAIVRS).

Thanks! After looking at my student loans on the nslds system, I have the contact info I need for the servicer. From researching other people’s situation, it looks like the garnishment remains while in rehab, but is stopped after the 5th payment. After the rehab is done, the loan is taken out of default and the borrower is given all repayment options that existed before.

Help!

Thanks! Navient is not on there at all. The loans after the consolidation are still with the DOE and under wage garnishment (I have a separate thread about that). I am ordering a copy of my credit reports through the mail to see in detail how the loan is listed. I will create a thread after getting more information. Thanks!

Hi! This was great info for me. I looked up my info on nslds.ed.gov to see about the loans that I consolidated with my spouse (now ex-spouse) when such consolidations were allowed. The loan is currently with Navient, in default, and the balance is an obscene amount (think a high end mortgage). So, the Navient loan does not appear in the list. I see the original loan consolidation which says “paid in full” with no principal balance. The total balance does not reflect navient, only my graduate student loans. I can conclude that the Navient loan is private, correct?

Hello! I have a wage garnishment for my student loan. Is it possible to rehab the loan while it is in garnishment? If so, what is the process? The garnishment does not leave me with much left after bills. How would they determine the amount of the rehab? Will the garnishment eventually stop during the rehab process? Thanks in advance.

So, the free annual reports are not available as mailed paper copies?

Thanks for the hymns.

Once upon a time, in a galaxy far, far away.... I stupidly agreed to consolidate my student loans with my husband's. His idea at the time and it seemed to make sense. One could say the exact same thing about the ensuing divorce. Anyway, this student loan is now some Cartman Trapper Keeper monster at more the 200k and almost 1500/month! My ex-husband has remarried and lives who knows where (been divorced since 2004). I have tried working with Navient, but they need both our signatures on any form. The loan sits on my Experian report (of course it's on THAT one) like a viper. I'd like to get a house in a few years, but I don't know if I can with this demon on EX. I don't know what to do because I can't afford to pay it on my own. Any advice? Or, catchy funeral hymns?

Please explain your student loan situation and why going through NACA was best for you. Also, in addition to the payment shock, what additional funds did you need (reserves) to have in the bank? Did you have any other credit issues that you needed to explain and/or resolve? Thank you!

Quick question on SCT, one has to be opted in for it to work, correct?

Congrats!