Here's how an 86-year-old grandmother got her nearly $32,000 private student loan debt forgiven [CNBC]
Navient Corporation (NAVI)
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Source: CNBC
However, the process is difficult to learn about and to navigate, consumer advocates say. Rebecca Finch couldn't think of a better gift for her 86th birthday. She received a notice in early September from Navient that the lender would forgive the private student loan on which she was a co-signer. “We've waived the remaining balance on your private student loan in the amount of $31,730.76,” the Aug. 29 letter said, in part. Navient had determined that Rebecca qualified for its disability discharge. Rebecca received the news from the lender not long after CNBC wrote about the Finch family's situation But the road to that relief was long, confusing and intensely stressful, said Rebecca's daughter, Sabrina Finch. “Finding out about the forgiveness option was very difficult,” said Sabrina, 53. ‘Transparency is severely lacking' As the cost of higher education swells , the $130 billion private education loan industry has quickly grown. But private student loans come with fe
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