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N avient has agreed to pay $120 million as part of a settlement agreement reached with a federal regulator—most of which is expected to go to impacted student loan borrowers.
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 ...
Nearly 66,000 student loan borrowers got some financial relief on Thursday after Navient, one of the country's biggest loan servicing companies, reached a $1.85 billion settlement over predatory ...
An update was recently announced that allows applicants to get credit toward forgiveness through a payment count adjustment. However, this waiver is only available through June 30, 2024 .
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]
The settlement will result in the cancellation of $1.7 billion in student loans. Another $95 million will be distributed in restitution payments.
Navient to announce fourth quarter and year-end 2024 results, host earnings webcast Jan. 29 HERNDON, Va., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) will host an audio webcast to review its 2024 fourth quarter and year-end financial results on Wednesday, Jan. 29, 2025, at 8:00 a.m. Eastern Time.
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