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Not to actually argue for or against, but mortgage holders don't hand 5 or 6 figures of unsecured debt to an 18 year old without any due diligence on if the loa
by jimktrains2 10y ago
Not to actually argue for or against, but mortgage holders don't hand 5 or 6 figures of unsecured debt to an 18 year old without any due diligence on if the loan has a chance of being repaid.
- umanwizard 10y agoNeither does Navient.
- srtjstjsj 10y agoNaviant works on behalf of those who do
- kchoudhu 10y agoStudent loan servicers are guaranteed repayment by statute. They are in a much easier business than mortgage lenders. That said, Navient is in the business of collecting on debts, and they have every right to do so within the bounds of the law. They don't owe borrowers anything.
- jimktrains2 10y agoAnd those statues are the only reason student loans exist. It's a laughable idea, at the scale they are now anyway, otherwise. I don't personally expect Navient to do anything better than follow the law; I don't expect any help or counseling from them. In fact, I'd be suspect of any such counsellings.