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Navient was chartered in 1972 as a Government-Sponsored Enterprise (GSE) called Student Loan Marketing Association (nicknamed Sallie Mae). [4] [5] The company was created by Congress to support the student loan program established by the Higher Education Act of 1965. [6]
Navient is barred from federal student loan servicing and has to pay $120 million in fines and compensation to the borrowers harmed by its practices, according to a proposed settlement with the ...
Navient’s student loan portfolio is estimated at about $1.7 trillion, CNBC reported. Navient is the third lender this year to end its relationship with the federal government. The others are ...
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 ...
Riverdale is one of the 77 official community areas of Chicago, Illinois and is located on the city's far south side.. As originally designated by the Social Science Research Committee at the University of Chicago and officially adopted by the City of Chicago, the Riverdale community area extends from 115th Street south to the city boundary at 138th Street and from the Illinois Central ...
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Bridgeport is one of the 77 community areas in Chicago, on the city's South Side, bounded on the north by the South Branch of the Chicago River, on the west by Bubbly Creek, on the south by Pershing Road, on the east by the Union Pacific railroad tracks, and on the northeast by the Dan Ryan Expressway.
State attorneys general in California, Pennsylvania, Illinois and Washington have filed suits against Navient, one of the largest of these servicers. What Student Loan Borrowers Need to Know About ...