The Department of Education engaged Aidvantage Student Loans, a for-profit corporation, to collect federal student loan payments from Navient.
This company’s contract with the Department of Education was recently terminated, and all federal student loans were transferred to Aidvantage. We are discussing a Maximus Education, LLC division that is not owned by Navient.
Enrolling In Repayment Plans
Aidvantage is one of the numerous federal student loan servicers hired by the department to administer its loan portfolio. In addition, they handle additional responsibilities that assist students with their obligations in other areas.
They do assist you in enrolling in repayment plans, which is very helpful if you are struggling to pay the original agreement. This company also helps you postpone your payments through deferments and forbearances, which is a tremendous form of assistance that will alleviate your stress.
Last but not least, I will assist you in monitoring your progress toward income-driven repayment plan forgiveness. You are reading this correctly; loan forgiveness is available through the Aidvantage Student Loans program.
Read more: IRS Deadline Approaching: Convenient Ways To Pay Your Taxes, Avoid Penalties
How To Stop Paying Aidvantage Student Loans?
People will be able to examine their eligibility for loan forgiveness with the aid of this Aidvantage software, which conducts extensive research to determine the best course of action for its clients to qualify for loan forgiveness.
In addition, they are willing to accept monthly payments and offer a number of flexible payment plans that can be tailored to your needs.
In an effort to make your experience as pleasurable as possible, they will also assist you with account change processing and keep you informed. Additionally, Aidvantage will assist you in enrolling in autopay and registering online so that you can access your account from any location. The sole purpose of these services is to make the process of debt repayment as stress-free as feasible.
Read more: How And Why Prolonged Stress Leads To Hair Loss, Heart Disease, And Other Problems