current education system is make students ready to become an obedient debt slave.
Student Debt Giant Navient to Borrowers: You’re on Your Own
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Re: Student Debt Giant Navient to Borrowers: You’re on Your Own
#12Navient is consistently the worst company I've ever dealt with, including Comcast.
Re: Student Debt Giant Navient to Borrowers: You’re on Your Own
#13Navient is consistently the worst company I've ever dealt with, including Comcast.
I always pay the minimum due balance on time. Haven't explored any other features. Right now it seems ok to me.
Re: Student Debt Giant Navient to Borrowers: You’re on Your Own
#14Government launches a mass amount of federal student loans, demand skyrockets, offer does not, prices skyrocket. Basic economical interference.
Re: Student Debt Giant Navient to Borrowers: You’re on Your Own
#15While I appreciate that people are sour about student debt, I don't think Navient, qua big business, should behave in any other way. I personally think public universities should be free and highly selective, rather than the opposite. But I also think taking out loans with no plan to repay them is criminally stupid. If the education product being sold is fraudulent, go after the fraudulent institution (as has been do…
Withholding information is not playing hardball, that position is just stupid. So you're saying banks should be able to lie and mislead people, with no consequences or regulation?
Do you not remember 2008?
Re: Student Debt Giant Navient to Borrowers: You’re on Your Own
#16While I appreciate that people are sour about student debt, I don't think Navient, qua big business, should behave in any other way. I personally think public universities should be free and highly selective, rather than the opposite. But I also think taking out loans with no plan to repay them is criminally stupid. If the education product being sold is fraudulent, go after the fraudulent institution (as has been do…
> privatizing
The core of the issue is still the university tuition rates, and universities involved are usually not privatized. These public institutions have become profit centers, benefiting from the captive audience of young career seekers, and cranking up administration overhead costs in their budgets to absorb the increased amounts of loan money available to prospective students.
Loans are always hardball business, and student loans are no different (although this case is clearly false advertising). The fact that the government sought to get more university degrees into the hands of citizens by increasing loan availability and size is the short-sighted idiocy that helped bootstrap this mess.
Re: Student Debt Giant Navient to Borrowers: You’re on Your Own
#17It's mind-blowing how the majority of high school students are lied to each year about the ROI of college. The internet has re-written the rules, and high school educators don't know how to teach that. I would have benefited so much more from a program that taught how to be self-sufficient and the major, major benefits of living debt free. Context: $150k in student loans - lucky enough to have an electrical engineeri…
IMHO, reality paints a sightly more optimistic picture...the average debt per graduate is $30,000--about the price of a new car, but as measured by wages, a degree gains value (this is because since 2009 wages for grads have seen much stronger growth than wages for non-grads) http://greyenlightenment.com/is-college-a-big-waste-of-time-...
I read stories on Reddit about grads who have debt but are also making decent 5-6 figures and paying the student loan debt, but also also investing the stock market and buying a home, so it's not like they are in poverty or living paycheck to paycheck. The student loan debt can be manageable in many instances, especially if you major in a high-ROI subject.
Re: Student Debt Giant Navient to Borrowers: You’re on Your Own
#18Navient is consistently the worst company I've ever dealt with, including Comcast.
Really? I didn't have any trouble with them.
Re: Student Debt Giant Navient to Borrowers: You’re on Your Own
#19> There is no expectation that the servicer will act in the interest of the consumer... Navient says its public statements encouraging borrowers to contact the company didn’t mean it would act in their best interest. So, pardon in advance for the vulgar language, but why the fuck is this OK? From any company? I'm getting real damn sick and tired of "what the big print gives, the spidery print takes away" and how we'r…
>I'm getting real damn sick and tired of "what the big print gives, the spidery print takes away" I propose "the bigger the print, the stronger the statement". Therefore, if you make one claim in 24 point and then attempt to rescind or modify it in 8 point, the 24 is legally binding because it was larger and so nullified the smaller. This also means that if you want to place limitations (like 'one per customer' etc)…
That's already (roughly) the law in the EU.
Re: Student Debt Giant Navient to Borrowers: You’re on Your Own
#20Navient is consistently the worst company I've ever dealt with, including Comcast.
I always pay the minimum due balance on time. Haven't explored any other features. Right now it seems ok to me.
I meant specifically in dealing with their customer service being knowledgeable and honest. Of course their online payment tools work properly, that's how they make money :). Suggestion- depending on your loan details, you may be able to pay down debt faster by paying the 1/2 the minimum twice a month. You're spending the same amount, but cutting down some of the interest every time which will reduce the principle faster over time and hence also reduce future interest accrued.