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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 .
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 ...
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 entered into a $1.85 billion settlement over accusations that it had misled borrowers into costly repayment plans and predatory loans. The settlement spanned 39 states and the District of Columbia and included $1.7 billion in loan cancellations and $95 million in payouts. [ 49 ]
Tens of thousands of people who took out student loans over the past 20 years could see their loans canceled or receive a small check as part of a nationwide settlement with Navient, a major ...
Charges for late payments due to delayed processing of those made to the Department of Education (DOE) before the transfer; Failure to process borrowers' forms; Suspension of auto-payment programs; Changes to borrower's selected repayment plan and unwanted forbearances and deferments; Increased payment amounts; Lengthened estimated repayment-dates
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.
Syria says that it hopes to form a "strategic partnership" with Ukraine following a high-level meeting in Damascus, Syria, between Syria's de-facto leader Ahmed al-Sharaa and Ukrainian foreign minister Andrii Sybiha, where the two countries re-established diplomatic relations. Ukraine also vowed to send additional food aid to Syria.