Navient remains to be in the headlines as the student loan servicer is facing action in court brought by various states, the CFPB, and the American Federation of Teachers. Unending borrower complaints claim that the student loan service provider failed to process payments properly and didn’t inform their borrowers regarding payment options.
For those with more debt than they can handle on a monthly basis, there are several options for relief. You can contact your lenders and try to negotiate a lower interest rate, which will mean a lower payment; you can file for bankruptcy, or you can try to consolidate all
It would be nice to be debt free, and have no monthly obligations to meet. This would free you up to save your money for a rainy day, to take a trip, or to make repairs to your home. But, this is simply not the reality most of us face.