The recent settlement of the lawsuit brought by a range of stadents against Navient (formerly known as Sallie Mae and one of the nation’s largest student loan servicing companies) has direct relevance for student borrowers in New York. Nationally, more than 400,000 student loan holders will have their debts canceled or receive debt relief after … Read more
URGENT UPDATE JAN 17, 2022: NAVIENT HAS AGREED TO PROVIDE $1.7bn TO BORROWERS IN A SETTLEMENT OF A RANGE OF LAWSUITS More than 400,000 student loan holders will have their debts canceled or receive debt relief after the student loan servicing company was forced to reached a settlement with borrowers. Navient’s move to settle came … Read more
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While the lawsuits filed by the federal Consumer Financial Protection Bureau and five state attorneys-general against Navient have attracted most of the recent headlines, few people are aware there are several other lawsuits filed against America’s third-largest student loan servicing company. Check out this blog post for a comprehensive rundown of all these suits to … Read more
Plaintiffs in the the “robocall” lawsuit against Navient will share in $2.5 million after the case alleging violations of the Telephone Consumer Protection Act was settled. As detailed here in insideARM, The 2017 suit alleged that Navient used automatic dialling systems to place calls seeking location information to people’s cell phones with consent. These included, … Read more
