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Navient agreed to Thursday’s settlement without admitting any wrongdoing, saying in a press release that the agreement “puts these decade-old issues behind us.” Contact us at letters@time.com .
The settlement is not a first for the company. In 2022, it reached a $1.85 billion accord with 39 states and agreed to cancel about 66,000 student loans to settle claims it engaged in predatory ...
In 2022, Navient offered relief or restitution to select borrowers following a lawsuit by 39 state attorneys general. Eligible borrowers were notified by email in 2022 and received relief ...
In 2015, Navient attracted recognition from 2020 Women on Boards, [13] the Women's Forum of New York, and the New York Stock Exchange Governance Services for gender diversity on its board of directors. [14] The company acquired asset recovery and business process outsourcing firm, Gila LLC, [15] and health care payments firm Xtend Healthcare. [16]
Despite demonstrating this financial hardship to Navient, the company did not enroll the student in an “income-driven plan” to lower payments until 2015, six years after they were first ...
The settlement includes $182 million in debt relief and $16 million cash compensation for impacted borrowers along with help to improve their credit scores as a result of the illegal collections.
2024 South Korean martial law crisis. The Corruption Investigation Office for High-ranking Officials formally requests an arrest warrant for impeached South Korean president Yoon Suk Yeol over his declaration of martial law. 2024 Venezuelan protests. Venezuelan prosecutor general Tarek William Saab announces the release of 413 protesters from ...
The settlement will result in the cancellation of $1.7 billion in student loans. Another $95 million will be distributed in restitution payments.