What To Know About This Pupil Mortgage Servicer - Global

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Aidvantage student loan servicer

School college students have more and more turned to federal pupil loans to cowl their rising school prices.

Of the greater than $1.75 trillion in pupil loans which can be presently excellent within the U.S., over $1.6 trillion has been taken out by federal pupil mortgage debtors.

Working effectively along with your pupil mortgage servicer is essential. In case your federal mortgage servicing was dealt with by Navient, Aidvantage shall be taking up. We’ll discover why issues are altering and what it’s good to do to make sure a easy transition.

Why Is Aidvantage Taking Over For Navient?

Till not too long ago, Navient was one of many largest mortgage servicers for federal pupil loans. However Again in 2017, the Client Monetary Safety Bureau (CFPB) sued Navient. The swimsuit claimed that Navient failed pupil mortgage debtors at nearly each step within the reimbursement course of. Following the CFPB’s announcement, a complete of 39 state legal professional generals ended up submitting comparable fits towards Navient.

A settlement on the state fits was reached in January 2022. It included $1.7 billion in personal pupil mortgage cancellation for 66,000 debtors and $95 million in restitution for over 350,000 debtors who have been steered to a long-term forbearance choice by Navient. In the event you have been one in all these debtors, you need to obtain details about your refund within the coming months.

Whereas Navient agreed to the settlement, they denied any wrongdoing and complained all all through the fits that that they had been unfairly focused by regulators. Therefore, Navient’s relationship with the Division of Training had progressively soured over the previous few years. And, in September 2021, the corporate introduced that it wished to go away the federal pupil mortgage servicing enterprise. 

The Training Division was pleased to oblige Navient’s request and commenced to work with them on an exit plan. Aidvantage was a key a part of that plan. If Navient serviced your federal pupil loans, Aidvantage is your new servicer and may have already contacted you to inform you in regards to the change.

Who Is Aidvantage?

Aidvantage is the federal mortgage servicing unit of Maximus Training. The entire Division of Training loans beforehand serviced by Navient have been transferred to Aidvantage.


You’ll have seen the names Aidvantage and Maximus Training used interchangeably within the media. However Aidvantage is the title that you’re going to see on any mortgage servicing communications you obtain, even when Maximus is the title you’ve seen extra typically within the information.

Importantly, personal pupil loans held by Navient won’t be transferred to Aidvantage.

When To Contact Aidvantage

In case your loans are transferred to Aidvantage, it is good to get every part arrange as quickly as attainable. Take motion to arrange your cost preferences and make any obligatory modifications instantly.

On the newest, you need to be certain every part is able to go by Might 1, 2022. That’s when the cost pause is presently set to finish and federal pupil mortgage repayments will resume.

How To Contact Aidvantage Buyer Service

You may attain Aidvantage by means of the next choices.

Toll-free quantity: 1-800-722-1300. This line is open Monday from eight AM to 11 PM, Tuesday by means of Friday from eight AM to eight PM, and Saturday from 10 AM to 2 PM. All instances are in Jap Normal Time.

In case you are a world caller, you may name 317-806-0580.

Common mailing handle:

Aidvantage – U.S. Division of Training Mortgage Servicing
P.O. Field 9635
Wilkes-Barre, PA 18773-9635

Mortgage funds handle:

Aidvantage – U.S. Division of Training Mortgage Servicing
P.O. Field 4450
Portland, OR 97208-4450

You can even e-mail the corporate by means of the Assist Middle inside your account.

Trying For Assist Past Aidvantage?

As you make the transition to Aidvantage, contemplate your income-driven reimbursement choices. An IDR plan may assist to alleviate the stress in your price range as pupil mortgage funds resume later this yr.  Or you probably have a robust revenue and credit score rating and also you wish to repay your loans as shortly as attainable, you could wish to contemplate pupil mortgage refinancing

Be aware that you’re going to lose a wide range of advantages if you happen to refinance your federal loans with a non-public lender, together with the power to affix an IDR plan or federal forgiveness applications. However if you happen to’re in a position to qualify for a low sufficient APR, you could be prepared to surrender these choices in change for the cash you may save in curiosity.

In the event you aren’t positive which pupil mortgage reimbursement technique would work finest on your scenario, establishing an appointment with a pupil mortgage advisor may very well be a great first transfer. Pupil Mortgage Planner and StudentLoanAdvice.com by White Coat Investor each have skilled advisors that may allow you to craft a customized pupil mortgage plan.

Last Ideas

There are excessive hopes within the pupil mortgage business that Aidvantage will present extra honest and useful service than Navient ever did. However solely time will inform what sort of servicer Aidvantage seems to be.

In the event you finally really feel dissatisfied with the service that you just obtain from Aidvantage (or some other federal mortgage servicer) know you can file a criticism with the CFPB right here or with the Division of Training right here.

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