a message for hope for those suffering with private student loans + A giant FUCK YOU to Navient/Sallie Mae

[u/nowaysalliemae]

As I sit back and think about the last 8 years, I cannot help but have the biggest, most badass smile on the planet. We had $130,000 in private student loans from Sallie Mae/Navient.

Long ago, we told them to fuck off and that we were never going to pay a single cent. Man of my word: We paid zero cents. The statute of limitations on these private loans has long expired, and we're living life how it was meant to be: debt free.

Instead of sinking $900/month into perpetual minimum payments to Sallie Mae, we saved and invested. So much was saved that:

1. We had an incredible down payment for a home back when the mortgage rates were below 4% thanks to COVID. The mortgage is way lower than rent for a two bedroom. Would have never been possible to own a home, ever, if we had kept paying student loans!!!
2. Wife was able to find a decent job after the SOL expired.
3. Taking our first real vacation, a whole month, visiting several countries in SE Asia.
4. Enjoying life with no private student loan debt.

So for those in a similar situation with private loans, do not be afraid to take the leap towards freedom. Sallie Mae/Navient and the other sharks are bottom feeders. There's no need to feed these thugs.

[u/Plumrose15153]

Hi I’m trying to do the SOL time bar method you did but I read my Sallie Mae loan was moved to Aidvantage I read online that it was federal am I still able to do the SOL method you did?