Breaking: Navient, one of the nation’s largest student-loan processors, will cancel the debt of 66,000 borrowers, totaling $1.7 billion, in a deal with several states
, the company said. The loans in question are private loans, meaning they are not guaranteed by the federal government. As part of the settlement, the company will make a one-time payment of approximately $145 million to the states.
All of the loans forgiven in the agreement were in default, and most originated between 2002 and 2010 atNavient has faced numerous lawsuits in recent years that alleged the company engaged in unfair and deceptive conduct against borrowers. Last March, a Seattle-area judge ruled that the company had broken a consumer protection law in a case brought by Washington’s attorney general.
In addition to loan cancellation and some restitution for borrowers with private loans, Navient will pay $95 million to about 350,000 federal loan borrowers—or about $260 each—who were placed into certain types of forbearance programs that caused them to accumulate more debt rather than entering income-based repayment plans, the states said.
As part of the agreement, Navient continued to deny the claims or that the company has harmed any borrowers.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Rob Gronkowski wouldn’t invite Tom Brady to dinner after $1 million bonusTom Brady may have helped Rob Gronkowski increase his bottom line Sunday, but that doesn’t mean it banked him a dinner invite.
続きを読む »
NJ Transit gets $1.6B in aid as ridership drops during omicron surge, feds sayNJ Transit will receive $1.6 billion in federal coronavirus transit aid.
続きを読む »
Citadel Securities takes in $1.15B investment from Sequoia and ParadigmCitadel announced VC investments from a Web3-focused firm, signaling a shift toward crypto.
続きを読む »
$1.3B of Bitcoin Withdrawn from Exchanges as Miners' Reserves Reach Yearly HighBitcoin miners' reserves tapped a new one-year high following massive accumulation, while $1.3 billion in BTC was transferred out of exchanges in a day.
続きを読む »
Golden Beer Can: Budweiser launches Willy Wonka-inspired contest with $1 million prizeBudweiser is giving everyone a chance to feel like Charlie in 'Willy Wonka & the Chocolate Factory' by launching a nationwide contest with a $1 million prize.
続きを読む »
WSJ News Exclusive | Government Losses on Student Debt Climb Above $100 Billion Amid Pause on PaymentsWith costs mounting, congressional Republicans have asked the Education Department to release documents related to how the government calculates projected losses from students defaulting on loans.
続きを読む »