This blog post focuses on how to make extra payments on Navient student loans.

Navient assistance programs include: Interest Only Program: Reduces the monthly payment amount to just the accrued interest for a one- to four-year period.

Navient’s first move was to take the extra electronic payment I was trying to make and apply it towards my next monthly bill. Consolidation: If you have many federal loans, you may have multiple monthly payments. Can't log into Navient to make payment! Navient’s first move was to take the extra electronic payment I was trying to make and apply it towards my next monthly bill. Honestly, I've been told, when I called in, that there was no fee for paying via credit cards. If the company Navient has serviced your loans, you are probably aware of Navient lawsuit by now and that those loans can be forgiven under certain circumstances. If you have Navient loans and you want to get out of debt faster or reduce your monthly loan payments, you may be able to qualify for a federal loan repayment or forgiveness program. Learn how payments to your Navient federal or private loans are allocated among your loans and applied to interest, fees, and principal. This can make it easier to pay. I can't imagine … Manufactured Spending - How to pay my student loans (navient) using a credit card? When you make your monthly payment, typically the payment is applied in that order. I am a graduate student with a $10k balance on my student loans (all serviced by Navient). If you have a Navient private student loan, pay attention to how your payments are being applied towards your loan and ask questions about your repayment options. You can make your Navient payments in many ways, including Auto Pay and by mail. Assuming you don’t have any late fees or other fees (most … If you’ve taken out federal student loans to finance your education (like I did) and you have Navient as your loan servicer, make sure that you know where you stand in terms of your Navient student loans and learn about your repayment options. That's a reasonable point. Navient and the Navient logo are the service marks of Navient Solutions, Inc. Navient Corporation and its subsidiaries, including Navient Solutions, Inc., are not sponsored by or agencies of the United States of America. You certify that you are the holder of the bank account used to make your electronic payment. Every time you make a payment, it helps pay down your Current Balance. It is vital to comprehend how you and your debt fit in. So, I would pay $1,000, paying off the current month and Navient would reduce the next month’s bill by $314. However, there is a possibility that there could be a system that allows for large payments to be made via credit with a smaller fixed fee. If you have a FFELP loan in an Income-Based Repayment (IBR) plan, the payment goes first to Unpaid Interest, then to Unpaid Fees, and then to Unpaid Principal. When you consolidate your loans, it becomes one big loan. I get more money that way than if I redeemed for cash to myself, but the downside is that the check is mailed directly from the credit card to Navient. Some servicers have started very recently to add something to their online portal to make it easier to make these requests - I don't think Navient has done that yet. I couldn’t believe what I was seeing, but by the time I went in to make a payment, the chimerical drop down was gone. By continuing, you agree that we may use cookies as disclosed in our Privacy Policy . Then move onto the next one. Navient and the Navient logo are registered service marks of Navient Solutions, LLC. Contact Navient's customer service for your federal or private student loans. - Originally Posted by Siberian_Viktorya there's gotta be a catch somewhere.... why does Navient let people pay with credit card without surcharges or fees? Navient’s actions have affected numerous students aiming to pay back their loans. I've tried updating my browser and restarting my computer with no luck fixing it. Navient and the Navient logo are registered service marks of Navient Solutions, LLC. The student loan firm was alleged of engaging in deceptive practices by failing to properly inform borrowers of cheaper payment options. Instead of spreading an extra payment across all loans, focus on one loan and throw every single penny at it until it’s paid off. If you choose Auto Pay , your loan payments will be automatically deducted from your checking or savings account on your due date each month, even if your due date falls on a weekend or holiday. Before you proceed, know that you can choose a payment date that works best for you . However, achieving Navient loan forgiveness might be a challenging process for students and is more problematic than it may sound. Navient Corporation and its subsidiaries, including Navient Solutions, LLC, are not sponsored by or agencies of the United States of America. You are given a new payment due date and only one payment per month. Or there could be a way to pay through Navient directly without a fee. Other logos are trademarks or service marks of their respective owners. According to the lawsuit, Navient added a $23.39 late fee from a previous missed payment to his $0.00 bill.