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What is Navient now called?

If you have student loans owned by the U.S. Department of Education (ED), you now have a new loan servicer: Aidvantage.

Who bought out Navient student loans?

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.

What is reaffirmation statement?

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.

What is Navient now called?

If you have student loans owned by the U.S. Department of Education (ED), you now have a new loan servicer: Aidvantage.

Why was my student loan transferred from Navient to 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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Is Aidvantage and Navient the same company?

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.

What happened to my Navient student loans?

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.

What happened to my Navient student loans?

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.

Is Aidvantage the same as Navient?

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.

What is an example of reaffirmation?

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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What is Navient now called?

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Is Aidvantage and Navient the same company?

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What happened to my Navient student loans?

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