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Tuesday, April 23, 2019

Bill would provide protections to student loan borrowers

ANNAPOLIS, Maryland — Wade Davis called Navient’s customer service in March, hoping to adjust the payment plan for his student loan. Davis, 36, and a freelance musician seeking full-time employment, said he couldn’t commit to his plan.

After telling a representative from Navient — one of the major student loan servicing companies — of his current financial situation, the representative informed him he would have to sign up for a month-to-month payment plan that Davis said isn’t feasible with his current financial situation.

Reiterating his financial struggles, Davis said he was frustrated with the representative whom he described as “rude” and “snarky” and who threatened litigation.

“They know what they are doing,” Davis said of the loan servicing company. “They have a license to treat people any way.”

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4 comments:

Anonymous said...

ummm, he took the loan, pay it

i had to, as did many others

in other words

'Suck it up cupcake'

Anonymous said...

He signed a legal binding contract that states the terms of his loan(s). Maybe he should stop trying to "live his best life" and get a couple of jobs to pay back his debt.

Anonymous said...

A free lance musician - really. What did he do with his student loan - free Lance. Money was supposed to go to the college. Did it! Pay the loan. Get a real job.

Anonymous said...

Freelance musician = gainfully unemployed. There, fixed it. Some have no intention of repaying, let alone the means. He could work multiple jobs like we adults do!