Thursday, January 20, 2022

Tag Archives: Aidvantage

Aidvantage Advice Already Dubious

Aidvantage is the new name of Maximus Education that is taking over servicing millions of student loans after Navient said it wanted out. I dropped into the Aidvantage website this morning to see if there are any updates and I was disappointed to see the advice given. We are not off to a great start. Let the spin begin. Aidvantage …

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After a Long Pause, 30 Million Student Borrowers Will Begin Defaulting

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Last year, in response to the COVID pandemic, the Department of Education pressed the pause button on the federal student-loan program. In March 2020, DOE allowed 30 million student borrowers to stop making payments on their student loans with no penalty and no accumulation of interest. DOE also stopped collection actions during this moratorium and stopped garnishing wages of student-loan …

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What to Do When Aidvantage Screws Up Your Student Loan Account

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Aidvantage is the fictitious name of the registered company Maximus Education LLC. It was recently announced Aidvantage would take over the servicing and maintenance of federal student loan accounts currently managed by Navient. Navient currently says, “This winter, Aidvantage will begin servicing your student loans owned by the Department of Education (ED) instead of Navient.” – Source Aidvantage Mission Navient …

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So Who is Maximus Education Taking Over Navient Loans as Aidvantage?

Navient has announced federal student loans they service, well not all of them, will be transferred to a company named Aidvantage that is part of Maximus Education, LLC. Navient says, “Aidvantage is the federal loan servicing unit of Maximus Education, LLC, a company that has one mission – to help you manage the repayment of your federal student loan and …

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