Navient agreed to big settlement regarding student loans, here's what you need to know:
How to get student loan relief
Student loan borrowers don’t need to take any action to get this student loan relief. Student loan borrowers who will get student loan cancellation will get a notice from Navient by July 2022. Federal loan borrowers who will receive approximately $260 will receive a postcard in the mail from the settlement administrator later this spring. Federal student loan borrowers are encouraged to update their contact information with the U.S. Department of Education through studentaid.gov.
Navient announced it would exit federal student loan servicing for federal student loans, and the U.S. Department of Education will instead work with Maximus to service these federal student loans.
“The company’s decision to resolve these matters, which were based on unfounded claims, allows us to avoid the additional burden, expense, time and distraction to prevail in court,” Navient’s Chief Legal Officer Mark Heleen said. “Navient is and has been continually focused on helping student loan borrowers understand and select the right payment options to fit their needs.
As part of the agreement, Navient expressly denies violating any law, including consumer-protection laws, or causing borrower harm. Navient also has agreed to maintain servicing practices that support borrower success.As a reminder, student loan servicers can be a helpful resource, but you really should do your own research to make sure you understand all your options for student loan repayment. Student loan relief won’t last forever and student loan cancellation isn’t guaranteed.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Navient agrees to $1.7 billion student loan settlementNavient agreed 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.
Lire la suite »
Settlement: Navient agrees to cancel $1.85B in student loan claimsNavient will cancel $1.7 billion in delinquent private student loans for nearly 66,000 borrowers.
Lire la suite »
Jacob Elordi Agrees, Nate Deserved ItJacob Elordi also wants to beat up Nate on Euphoria
Lire la suite »
Settlement: Navient agrees to cancel $1.85B in student loan claimsNavient will cancel $1.7 billion in delinquent private student loans for nearly 66,000 borrowers.
Lire la suite »
Navient agrees to $1.7 billion student loan settlementNavient agreed 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.
Lire la suite »
Navient Settles Predatory Student Loan Claims for $1.85BNavient, a major student loan servicing company, has settled allegations of predatory lending practices for $1.85 billion
Lire la suite »