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Hello,
I am hoping for some help.
Here are the points.
2004 My husband and I consolidated our loans into a Spousal Consolidation
2009 We filed 13 but never defaulted and made payments throughout our 5 year plan.
2013 We were discharged and filed to consolidate our 2004 loan with my husbands Masters Loan from fed Loan Servicing. The loan was approved in July of 2014, Fed Loan Servicing took the consolidation and paid ECMC (who was holding our loan during our 13). Our loan was then posted with Fed Loan Servicing.
In September Sallie Mae began calling saying we had loan payments due. I did not know what they were talking about, I then found out, they got the loan back from ECMC. I pulled my husbands credit and logged onto the Loan Data System and saw that sure enough, he had a loan for $135,000 with Sallie Mae and Fed Loan had that loan reported as well.
After two months of phone calls to all three organizations ECMC, Sallie Mae (now Navient) and Fed Loan. I was getting no where. I contacted Obsudmand group and discovered that FED Loan should never of consolidated our Sallie Mae Loan. As of today my husband’s credit shows over 300k in school loan debt. I also found out that our loan with Sallie Mae (Navient) does not qualify for Public Loan Forgiveness. My husband and I are both teachers.
Several things were done wrong: We don’t know what to do from here.