Navient Lawsuits: Exactly What Education Loan Borrowers Have To Know

Navient Lawsuits: Exactly What Education Loan Borrowers Have To Know

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Navient Corp., the nation’s largest education loan servicer, is dealing with four legal actions alleging so it harmed education loan borrowers for the payment procedure.

October Pennsylvania’s attorney general was the latest to file a suit, which came in early. The U.S. Customer Financial Protection Bureau together with Illinois and Washington lawyers basic sued Navient in January.

The CFPB alleges that since at least January 2010, Navient misallocated payments, steered struggling borrowers toward multiple forbearances instead of income-driven repayment plans, and provided unclear information about how to re-enroll in income-driven repayment plans and how to qualify for a co-signer release among other things. The CFPB is asking Navient to compensate the borrowers the agency states were harmed. Read More…

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