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#Navient settlement

attorneygeneral.gov

Attorney General Josh Shapiro Announces $1.85 Billion Landmark Settlement with Student Loan Servicer Navient

Settlement includes $1.7 billion in debt cancellation and $95 million in restitution; Pennsylvania borrowers will receive over $70 million in relief. HARRISBURG–Attorney General Josh Shapiro announced today that Navient, known as one of the nation’s largest student loan servicers, will provide relief totaling $1.85 billion to resolve allegations of widespread unfair, deceptive, and abusive student loan servicing practices and abuses in originating predatory student loans.
PENNSYLVANIA STATE
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More than 400,000 student loan borrowers will get debt relief from Navient

Washington (CNN) — More than 400,000 student loan borrowers will get some debt relief from Navient, according to a $1.85 billion settlement agreement announced Thursday. The deal will settle litigation brought by several state attorneys general that claimed that Navient, one of the largest student loan servicing companies in the US, engaged in unfair practices and made predatory loans to students who were unlikely to be able to pay them back.
EDUCATION
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Navient reaches a deal to cancel $1.7 billion in student loan debts

The loan servicing giant Navient has agreed to cancel $1.7 billion in student loan debts owed by roughly 66,000 borrowers, as part of a settlement announced Thursday with 39 state attorneys general. The settlement ends a years-long legal fight with states in which Navient faced two serious allegations. First, the...
CREDITS & LOANS
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TRENDING TOPICS

Private student loans canceled for thousands of Ohioans in multi-state, $1.8 billion settlement

COLUMBUS, Ohio (WJW) – One of the country’s largest student loan services has agreed to a $1.85 billion settlement over allegations that it took part in predatory practices. According to claims from Ohio Attorney General Dave Yost, as well as 38 other attorneys general, Navient promised to help borrowers find affordable repayment options. They claim […]
OHIO STATE
WCVB

1,500 Massachusetts student borrowers to share in $1.85B settlement

BOSTON — More than 1,500 borrowers in Massachusetts will see their student loans forgiven as part of a $1.85 billion national settlement 38 states reached with student loan company Navient to resolve allegations that it misled borrowers into entering costly repayment plans that added to their balances. The settlement...
MASSACHUSETTS STATE
ABC7 Chicago

Navient agrees to $1.7 billion student loan settlement

Navient, one of the nation's largest student loan services, agreed Thursday to pay nearly $2 billion to settle claims by 38 states and the District of Columbia it deceived thousands of borrows into costly, long-term, forbearance plans that caused students to pay more than they should have. "They ran a...
COLLEGES
cbs.com

Full Episodes

Navient reaches settlement over student loan practices. Navient, one of the nation's largest student loan companies, has settled allegations of predatory lending practices, agreeing to cancel $1.7 billion in debt for more than 60,000 borrowers. It will also pay out $95 million in restitution to 350,000 borrowers. Air Date: Jan 13, 2022.
ECONOMY
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