Will Navient loans be forgiven?
Borrowers who had loans that originated between 2002 and 2010—and later defaulted—will receive forgiveness, according to Navient. Shapiro said that borrowers were affected by two “deceptive and unfair schemes.”
Is the Navient lawsuit real?
The student loan servicer, Navient, reached a $1.85 billion settlement on Thursday 13 January with various state leaders that will provide over 400,000 loan holders debt relief. The settlement is the result of a suit filed by several state Attorney Generals which accused Navient of unfair and predatory practices.
Is the Navient settlement legit?
Navient is one of the largest student loan servicers in the country, with millions of borrowers using it to repay their federal and private student loans. However, a few lawsuits over the years have alleged harmful and deceptive practices, which could impact your student loans.
Do I qualify for the Navient lawsuit?
To be eligible for this payment, borrowers must have entered repayment on their federal student loans before 2015, have been eligible for an income-driven repayment plan but instead gotten guided to entering forbearance over the phone by a Navient employee, and have kept that forbearance in place for at least two years ...