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Navient
Navient agreed to a $1.85 billion settlement providing $260 plus debt cancellation for eligible student loan borrowers.
ClosedPennsylvania onlyClaim status: Claim window closedPayout: $260 plus debt cancellationNo longer claimable
About this settlement
Settlement provides cash payments and debt cancellation to eligible borrowers affected by Navient's loan servicing practices.
This $1.85 billion settlement resolves claims against Navient for predatory student loan practices, including restitution for federal loan forbearance steering and cancellation of certain private student loans.
Who qualifies
- Borrowers residing in restitution-participating states as of January 2017 with federal loans in repayment before January 2015 and qualifying for income-driven repayment.
- Borrowers with at least two years of consecutive verbal or administrative forbearance between October 2009 and January 2017 meeting specific conditions.
- Borrowers with private subprime student loans from Sallie Mae/Navient between 2002 and 2014 with over seven months delinquent before June 30, 2021.
- Borrowers with certain private loans for attendance at for-profit schools subject to state or federal enforcement actions.
$260 plus debt cancellation
Claim status: Claim window closed