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If you have student loans owned by the U.S. Department of Education (ED), you now have a new loan servicer: Aidvantage.
What company took over Navient Loans? Aidvantage took over some \u2014 but not all \u2014 student loans that Navient serviced. Last year, Navient proposed to transfer 5.6 million student loan accounts owned by the Education Department to Aidvantage.
Agreeing to repay the excess loan amount in accordance with the terms of the promissory note is called \u201creaffirmation.\u201d You can reaffirm an excess loan amount by signing a reaffirmation agreement with your loan servicer.
If you have student loans owned by the U.S. Department of Education (ED), you now have a new loan servicer: Aidvantage.
Navient, one of the nation's largest student loan servicers this year, agreed to cancel $1.7 billion of debt to resolve allegations of unfair, deceptive practices and predatory loans. "So Navient decided to get out of the business and transfer their federal loans over to Aidvantage," he said.
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Aidvantage is the federal loan servicing unit of Maximus Education. All of the Department of Education loans previously serviced by Navient have been transferred to Aidvantage. You may have seen the names Aidvantage and Maximus Education used interchangeably in the media.
If you had Navient federal student loans owned by the US Department of Education, your loans have moved to a new loan servicer, Aidvantage. There's one exception: If you're in the Public Service Loan Forgiveness program, your loans have likely moved to MOHELA or soon will.
If you had Navient federal student loans owned by the US Department of Education, your loans have moved to a new loan servicer, Aidvantage. There's one exception: If you're in the Public Service Loan Forgiveness program, your loans have likely moved to MOHELA or soon will.
Aidvantage is a separate entity from Navient. Since Navient ended its federal loan servicing contract, Aidvantage took over those accounts. However, Navient will continue to service federal loans issued under the FFEL program and private student loans.
He has depleted his savings and is unable to make his mortgage payments. John arranges with his mortgage company a reaffirmation that is approved in court. He reaffirms the debt he owes on the home mortgage, with a chance to renegotiate payments with the lender.

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