TREMG

News In Progress

January 13, 2022

Financially Free, Life Stuff, TREMG news

Navient Student Loan Processor To Cancel $1.7 Billion In Student Loan Debt

Student loan processor Navient required to cancel $1.7 billion in student loans. The settlement, announced on Thursday, resulted from accusations that the lender gave out loans to millions of borrowers who’d be unlikely to be able to repay them. The agreements resolve all six outstanding state lawsuits against Navient, company officials stated.

.@Navient drove borrowers toward high-cost loans that it expected borrowers to default on “at rates as high as 92 percent.” These doomed loans helped .@Navient build lucrative relationships with colleges—but ruined countless borrowers’ financial futures. https://t.co/GnUWHEN1ZZ
— Student Borrower Protection Center (@theSBPC) January 13, 2022

One response to “Navient Student Loan Processor To Cancel $1.7 Billion In Student Loan Debt”

Biden-Harris Student Debt Relief Update – Protect Yourself From Scams – TREMG

October 6, 2022 at 6:56 am

[…] President Joe Biden’s plan, the Department of Education will cancel up to $10,000 in federal student loan debt for individual borrowers who make below […]

Reply

Leave a Reply Cancel reply

Enter your comment here…

Fill in your details below or click an icon to log in:

Email (required) (Address never made public)

Name (required)

Website

You are commenting using your WordPress.com account. ( Log Out / Change )

You are commenting using your Twitter account. ( Log Out / Change )

You are commenting using your Facebook account. ( Log Out / Change )

Cancel

Connecting to %s

Navient Student Loan Processor To Cancel $1.7 Billion In Student Loan Debt

TELL YO' FRIENDS !

Like this:

One response to “Navient Student Loan Processor To Cancel $1.7 Billion In Student Loan Debt”

Leave a Reply Cancel reply