Navient settles predatory student loan claims for $1.85B
Navient settles predatory student loan claims for $1.85B
By Steve LeBlanc | The Associated Press
Navient, a major student loan collecting company, agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties to settle allegations of abusive lending practices.
The settlement with 39 state attorneys general was announced Thursday.
Navient “engaged in deceptive and abusive practices,…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.