Elizabeth Warren is asking a major student-loan company to cancel debt for borrowers with 'decades-old predatory private' loans. Here's how.

Business Insider

Lean Left

Mixed Factuality

Private Equity: Kohlberg Kravis Roberts

Elizabeth Warren is asking a major student-loan company to cancel debt for borrowers with 'decades-old predatory private' loans. Here's how.

Sen. Elizabeth Warren.Evelyn Hockstein-Pool/Getty ImageSen. Elizabeth Warren led a letter urging Navient to cancel predatory private student loans.The letter cited the Holder Rule, which permits relief for borrowers with fraudulent loans.The lawmakers requested this relief happen before Navient outsources its servicing to MOHELA.A major private student-loan company is leaving the servicing industry. But before that happens, a group of Democratic…