Navient Student Loan Complaint

Non-federal student loan Getting a loan

Navient Student loan department,

Non-federal student loan Getting a loan Tennessee

I attended - - with the promise that I would be offered hands on training in the - - -, have immediate job placement after or possibly during completion, and that my entire education would be covered by federal grants and loans. I was rushed through the financial aid process without any mention of the cost of enrollment, or the amount of loans being taken out. The promissory note I did sign did not list loan amounts or interest rates. Each time I asked the school, I was unable to obtain the information. It was n't until after transferred to another school, that I was told by another financial aid department how many private loans were taken out for me by - -. All of them were private loans, none of which can be consolidated to lower the interest rate. For a single semester, I was charged approx $17000.00. If my status had been correctly assessed, I would have been eligible for federal loans and grants. I could have even possibly used my Father 's -. None of this was explained to me, I had no idea the loans I signed for were not federal. None of the credits I earned were transferable to any other institution- therefore my time and money were wasted. The instruction was not hands on, and the equipment and technology used by the school was outdated at best.

Navient customer in Tennessee
May 30, 2015

* Source: CFPB Complaint Database

Navient response to complaint:
Closed with explanation

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