Fri. Jan 21st, 2022

Navient, one of the nation’s largest student loan companies, has settled allegations of predatory lending practices, agreeing to cancel $1.7 billion in debt for more than 60,000 borrowers. It will also pay out $95 million in restitution to 350,000 borrowers.

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By Doloris

7 thoughts on “Navient reaches settlement over student loan practices”
  1. “About 350,000 federal student loan borrowers whom Navient placed in long-term forbearance — which allowed them to temporarily stop making payments — will receive $260 each, totaling $95 million in restitution.” Wow! Those people can finally buy some more Top Ramen with that $260 payout… what a joke.

    1. No it was a plan. Student loan forgiveness without passing student loan forgiveness. Same way they use the legal system to target political opponents, go around the law, etc. The three banners of socialism is in their logo.

  2. No federal banking institution should loan money to low IQ students. If you’re majoring in Community Activism or hope to get a B.S. in Counseling from Peckerhead State College, no one should lend you $50,000. If they do lend to “at risk” students, it should be for people studying in STEM disciplines.

  3. Notice in the logo is the three banners. Symbol of socialism. It’s just not the usual red.

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