Navient Solutions, Inc. Student Loan Complaint

Navient Solutions, Inc. Student loan department,

Non-federal student loan Can't repay my loan Can't decrease my monthly payments Connecticut

I signed a loan at a very young age about 9 years ago and have struggled since in paying the amount due ever since. I have fallen behind on several occasions because of not being able to maintain the minimal standard of living for myself and dependent. The interest rate is set at 12 %. I started my loan by borrowing $20000.00 and 9 years later I am at $29000.00 due to interest. I continue to struggle and can not provide what I need to for myself and son with this extremely high payment of $460.00 a month as well as it will end up being $100000.00 of repayment by the end of the " life of the loan ''. The private loan company does nothing to help me make this easier ( by lowering the interest rate/payment ). I have been without a place of my own since I was divorced in 2013 and I am forced to stay with family and or my boyfriend. I can not contribute financially to the household because of this and I am at the end of " favors '' being given by people as we ( myself and my child ) are


am not in " undue hardship '' because I have $400.00 a month left over after they calculated my bills. This does NOT include rent/utilities that I NEED to pay but are NOT paying yet because I have to " mooch/live for free '' off of my family and boyfriend. I work for " public service '' and because this is a private loan I am offered - relief. I have another 9 years left on the loan and with that being said my current financial situation is likely to continue for a significant part of the repayment period. I need help ... the only other step I may take is to file chapter - or - bankruptcy. This is insane to start with a $20000.00 loan that has spiked up to a $29000.00 loan that will inevitably be paid back in the amount of $100000.00 ... no one should be forced to live in poverty because of such high interest rates nonadjustable.