“Important Notice from Navient” – that e-mail subject line, for those who have Navient student education loans, makes your heart skip a beat. And simply it, you’re filled with dread and stress before you open.
Works out it is simply an advertising e-mail saying your be eligible for a a “exclusive offer”. And me, your first thought is, F*ck You Navient if you’re like.
You choose to go on it one step further and discover, exactly just exactly what feasible explanation Navient may have for stressing you down. Works out it had been only a refinancing offer.
Ugh. In this post I’m planning to show you why should you avoid refinancing with Navient student education loans.
1. Navient Scholar Loan’s Marketing is Sketchy
If that e-mail topic line does not seem sketchy for you, then just what would? Scaring education loan borrowers, whose loans you might be accountable for servicing is truly actually horrible. Like, there must be a unique devote hell for businesses which do that.
Not forgetting the ongoing business happens to be being sued for general being shitty (though they deny the claims-obviously). Exhibit A:
Navient, the country’s student loan servicer that is largest, is dealing with a few lawsuits by payday loans West Virginia lawyers basic accusing the organization of, on top of other things, steering borrowers to cost choices that cost them additional money.
We have only federal loans with Navient. I’m advantage that is currently taking of great things about federal student education loans, by means of earnings based payment. Consequently, we ought not to be marketed to for refinancing ( more on this in explanation number two).
Main point here, Navient is not enthusiastic about working out for you, they truly are thinking about lining their pouches, usually to your detriment.
2. Refinancing Federal Loans – Means You Lose Federal Scholar Loan Benefits (like Income-Driven Payment)
When I stated earlier we use the benefits of Federal student education loans. “3 Reasons Why You Should Beware Navient Scholar Loan’s Refinance Provides”の続きを読む