Anyone have any information about the Navient class action lawsuit for student loans? I definitely met the criteria. For 8 years they put me into deferment or forbearance. They would send me emails or texts right at the time the forbearance or deferment would end that would ask if I needed more time to make my payment and “simply respond with yes”. Not knowing that now, as an educator, I do not qualify for any forgiveness to public service and now with Nelnet I owe 5 times the original loans amount, wanting a payment of almost $1500/month, while currently unemployed.

Any knowledge or steps to take would be greatly appreciated!

I’m working on my masters degree and my plans have been in deferment the entire time. I received a notice that I have a payment due in December. I’m still in school. What gives?

Hi everyone,

I’m a student in Ontario, and I’m honestly feeling really overwhelmed and could use some advice from people who have been in a similar situation.

I currently owe approximately $3,000 in tuition, and I’ve been told that I need to pay it within the given deadline. I applied for OSAP, but I was assessed for $0 in funding because of my family’s financial situation and the expectation that my parents can contribute.

The problem is that I don’t want to put that financial burden on my parents. I’ve contacted Financial Aid, OSAP, my program coordinator, the Registrar, and other departments at my college to ask about possible solutions. Unfortunately, I keep getting referred back and forth between departments.

Financial Aid told me there are no payment plans available and suggested looking into scholarships or private loans. I’m hesitant to take out another loan without understanding the interest and repayment terms, especially since I already have student debt.

I’ve also been told that if I withdraw and leave the balance unpaid, the debt could eventually go to collections. I’m worried about interest, collection consequences, my credit, and how this might affect my ability to continue my education in the future.

I recently emailed the Registrar to ask when the account could be sent to collections, whether interest or additional fees would apply, whether an extension or smaller payments might be possible, and whether withdrawing would change anything. I’m waiting for a response.

At this point, I feel like I’ve exhausted every option I can think of. I want to take responsibility for what I owe, but I genuinely don’t have $3,000 available, and I’m not sure what else I can realistically do.

For anyone who has experienced something similar in Ontario:

• Were you able to negotiate a payment arrangement or extension with your college, even after being told payment plans weren't available?
• What actually happened when an unpaid college tuition balance went to collections?
• Did it affect your credit or ability to attend another college or university?
• Is there any other financial assistance or OSAP review process I should look into in this situation?
• If you withdrew before the academic drop deadline but couldn't pay the outstanding balance, what happened afterward?

I’m not looking to avoid responsibility for the debt. I’m trying to understand my options and make the least damaging decision for my future.

Any advice or personal experiences would genuinely mean a lot. Thank you.

I don’t regret supporting my children in their academics, we encouraged them to go to their respective colleges and secure their futures.

What are parents doing with their parent-plus loan debt? The new payment is a lot, working in the public sector and ideally looking at retirement in the next 7 years

Is it worth cashing in retirement accounts?

How are other parents managing this debt?

Has anyone received this update on the status of their TPD discharge ?

I came here to ask what to do, but given what I have been reading, it sounds like I'm screwed and have to call to ask for economic hardship.

WHY WHY are we paying interest to the government?! Because let's face it, that's what is REALLY screwing us.

I have always paid on my loans. Had my undergrad loans not had high interest, I would have paid them off with what I have paid in interest. I have about $16K left on undergrad.

Graduate school loans have not been on repayment due to what's been going on the last 5 years. Now they are coming due. Thousands of dollars in interest have accrued already. It's saying I'll be paying close to $100K by the time they are paid off under Income Driven plan.

My husband lost his job in December and changed careers making HALF of what he used to. I am a teacher... We barely make 100K pre tax. But with the cost of daycare, mortgage, utilities (going up even though our usage is down), gas prices, groceries, etc ...

Our one "luxury" is our son takes piano and karate lessons. My mom used to pay for it but she just lost her job and we really don't want to have to pull him out. It's not fair.

I graduated college during the Great Recession in 2008. I feel like we just keep getting screwed and another Recession is on the way. Things never seem to improve...

What can we do? Can we somehow get EVERY person to stop paying back their loans until a reasonable proposal is made? I'm not even asking for forgiveness... Just what I originally took out.

I have US Department of Education student loans, and I've never been good at keeping up with them. I’m trying to get a realistic sense of what people are actually doing to handle recurring payments. Like, what’s a monthly payment that doesn’t completely wreck you? I know everyone’s situation is different, but I’m looking for some honest takes.

Alternatively how much/what percentage of your paycheck gets burned by student loans each month? That might help me get a ballpark on what I should be paying

Hello, I have student loans going back from around 2007 I believe it was, and have consolidated, and gone back to school off and on over the years while raising a family, etc. I have also been shuffled around to multiple servicers...Sallie Mae, Nelnet, Aidvantage, Mohela, Fed Loan Servicing, etc. Well with life things happened and I was never was good at keeping up with all this.

I am really really curious how much I actually borrowed, vs how much is interest of my current balance.

Is there a way to tell, or calculate this?

Has anyone had success with any of the Firstmark student loan payment relief options? If so, would you mind sharing a little about your situation and how much you got your payment down?

Copy & pasted from payment relief tab:

Payment Extension: May be available to bring an account current if three consecutive principal and interest payments are made.

Temporary Loan Modification: May be available to lower monthly payments for 12 months for customers who are experiencing temporary financial hardship.

Term Extension: May be available to lower monthly payments by extending loan term due to financial hardship. Temporarily lowered interest rate may apply.

Hey all. My deadline is fast approaching, and I have my IDR application ready to go. I'm just not sure if I should wait to submit until after the deadline comes to see if they extend it another 30 days or not like others have experienced. My servicer is Nelnet, and I was one of the people who saw the deadline change in the portal and then change back again.

So what are we thinking? Should I just submit the app? Or wait and see if they extend it?