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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 ...
The proposed settlements with 39 states require Navient to cancel $1.7 billion in delinquent private student loan debts and pay $95 million in restitution, The New York Times reported.
Select private student loan borrowers may be eligible for student loan forgiveness through former servicer Navient. Plus, more sweeping student loan cancellation was announced for federal ...
Borrowers may still have these kinds of loans if they attended school before then. At the time the CFPB filed its lawsuit against Navient back in 2017, the agency said that Navient was servicing student loans of more than 12 million borrowers, including more than 6 million accounts under its contract with the Education Department.
Navient, formerly part of Sallie Mae, used to be one of the biggest servicers of student loans in the country. But, after Navient became embroiled in several legal and enforcement actions, the ...
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 lending practices. Saturday Sessions: The Heavy ...
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