If you have a student loan with Navient, did you know you may be entitled to compensation or debt relief? Navient – America’s 3rd largest student loan serving company – is the subject of as many as eight individual law suits. We’ll keep you informed on the progress of these lawsuits. Click on the links to each of the lawsuits below to find out more. Navient services $300bn in federal and private student loans and has more than 25 per cent of the total market
Navient, one of the country’s largest student loan servicing providers, is being sued by the Consumer Financial Protection Bureau who allege its practices breach federal and state consumer protection laws and are unfair and deceptive.
Given Navient’s status as the third-largest student loan servicing operator with more than 12 million student loan customers, the CFSB’s Navient lawsuit is one of the most closely watched class action lawsuits in the country’s courts at the moment.
It is early days in this massive lawsuit and too soon to tell if borrowers will wind up with compensation, but we’ll keep you informed on progress.
SETTLEMENT UPDATE JAN ’22: Find out about the settlement of these lawsuits and if you qualify. More here.
The states of California, Illinois, Pennsylvania, Mississippi and Washington have all lodged their own Navient class action lawsuits citing similar allegations against the student loan servicing giant. Check our our page dedicated to these law suits to find out more. We will keep you informed as these courts transition through the courts and key rulings come in – like the recent ruling in favour of the state of Pennsylvania against an attempt from Navient to have this case struck out. That’s paved the way for justice of student loan borrowers in that state and across the country.
Tens of thousands of student loan borrowers with loans through Navient had thought that on declaring bankruptcy that these loans would be discharged automatically. However Navient has continued to apply fees and charges and interest to these borrowers, who have launched legal action that could set a precedent for up to 500,000 student loan borrowers across the country. If successful in court with this lawsuit, there’s a greater chance that they will be entitled to relief and compensation. Check out our Navient loan bankruptcy lawsuit page for more information.
More than 17,000 people subjected to persistent “robocalls” from Navient were ruled to be entitled to share in the proceeds of a $2.5m settlement in a suit filed by Turner Law Offices. The February ruling found that Navient violated the Telephone Consumer Protection Act (TCPA) by using automated dialling machines to obtain information about borrowers from third parties who were not responsible for the loans. To find out more and check your eligibility for a payment, visit our Navient robocall lawsuit page to find out more.
The American Federation of Teachers announced in October 2018 it was bringing a lawsuit against Navient alleging the company steered its members away from debt relief and gave them false information. The lawsuit will examine the whether Navient applied the public service loan forgiveness program, which allows certain not-for-profit and government employees to have their federal student loans canceled after 10 years of on-time payments. The nine plaintiffs are composed of teachers, professors and other public servants. See our Navient forgiveness lawsuit page for more information.