Published 2 years ago

Navient reaches $1.85 billion settlement over student loan practices

Summary by Ground News

Navient will cancel $1.7 billion in debt owed by more than 66,000 borrowers. The company will also pay over $140 million in other penalties. The settlement with 39 state attorneys general was announced Thursday. Navient denied acting illegally, and it did not admit to any wrongdoing.

0 Articles

All

Left

Center

Right

News18 India

Navient Settlement: Indebted Student Borrowers To Benefit

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 student loan collecting company.

2 years ago·India

Read Full Article

The Guardian

Navient reaches $1.85bn settlement over claims of predatory US student loans

Student loan servicer is expected to pay $1.7bn in loan cancellation and $95m in payoutsNavient, one of the largest student loan servicing companies in the US, has made a $1.85bn settlement with a coalition of attorneys general who accused the company of predatory loan practices.The payment, which will go toward the cancellation of certain student loans and payouts, settles a series of lawsuits that date back to 2017. Multiple states accused Nav…

2 years ago·London, United Kingdom

Read Full Article

The Independent

Student loan servicer Navient to cancel $1.7bn in debts following investigation

One of the largest student loan processors in the US will cancel balances for 66,000 borrowers following a multi-state agreement with a bipartisan coalition of 39 attorneys general stemming from a series of lawsuits.

2 years ago·London, United Kingdom

Read Full Article

Reuters

Navient resolves state probes into student loan practices

(Fixes typo in headline) - Navient Corp said on Thursday it agreed to pay $145 million to settle multistate litigation into its student loan practices. The company also said it will cancel loan balances for about 66,000 borrowers with loans that were largely made between 2002 and 2010 and later went into default. Navient said that as part of the settlement, it denied violating any

2 years ago·United Kingdom

Read Full Article

Associated Press News

Navient settlement: Indebted student borrowers to benefit

HARRISBURG, Pa. (AP) — 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 student loan collecting company.

2 years ago·United States

Read Full Article

USA Today

Thousands of student loans to be canceled in $1.85 billion Navient settlement. Many more borrowers can expect $260.

If approved by a federal court, the\u00a0agreement would\u00a0resolve allegations that Navient used unfair and deceptive student loan servicing practices.

2 years ago·United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.