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,…