21 votes

Navient reaches $120 million settlement with CFPB for misleading US student loan borrowers

Posted by boxer_dogs_dance
Tags: business, usa, education.higher, loans.student, navient, legal, settlements, consumer financial protection bureau, students, author.annie nova, source.cnbc
https://www.cnbc.com/2024/09/12/navient-reaches-120-million-settlement-with-cfpb-for-misleading-student-loan-borrowers.html

2 comments

  1. [2]
    Sodliddesu
    Link
    Decade old issues? Meaning ten years to gather interest on fraudulently obtained money and the charge is $120M?

    “This agreement puts these decade-old issues behind us,” a Navient spokesperson said in a statement

    Decade old issues? Meaning ten years to gather interest on fraudulently obtained money and the charge is $120M?

    10 votes
    1. Habituallytired
      Link Parent
      Yup. My loan is serviced by Navient in this time frame. I wonder if my account is impacted and if I can get my interest thrown out. I have also failed to get them to lower my payments, even though...

      Yup. My loan is serviced by Navient in this time frame. I wonder if my account is impacted and if I can get my interest thrown out. I have also failed to get them to lower my payments, even though there is proven hardship. They just flat out refuse to do so, and my payments have only been going to interest since I started paying my loan back after college.

      6 votes