How This Navient Lawsuit Affects Your Student Loans

How This Navient Lawsuit Affects Your Student Loans

Members of the American Federation of Teachers, the second largest teachers union in the U.S., filed a lawsuit against Navient, one of the the nation’s largest student loan servicers. If you have a student loan, there is a good chance that it may be serviced by Navient. Navient, which spun off from Sallie Mae, has more than 12 million customers and services more than $300 billion of government and private student loans. Here’s what you need to know and the action you can take. Navient Lawsuit: The allegations The lawsuit alleges that Navient…

Read More

Navient lawsuit: What student loan borrowers need to know

Navient lawsuit: What student loan borrowers need to know

Navient Corp., the nation’s largest student loan servicer, is facing three lawsuits alleging that it harmed student loan borrowers throughout the repayment process. The U.S. Consumer Financial Protection Bureau and the Illinois and Washington attorneys general sued Navient in January. Among other things, the CFPB alleges that since at least January 2010, Navient misallocated payments, steered struggling borrowers toward multiple forbearances instead of income-driven repayment plans, and provided unclear information about how to re-enroll in income-driven repayment plans and how to qualify for a co-signer release. The CFPB is asking…

Read More

What The Navient Lawsuit Means For Your Student Loans: Part 2

What The Navient Lawsuit Means For Your Student Loans: Part 2

The lawsuit filed last week against Navient, the largest student loan servicer in the country, hit home with many student loan borrowers who say they have had similar experiences. Lost paperwork. Misapplied payments. Surprise late fees. Processing delays. Overall confusion. (You can read more about the allegations made by the Consumer Financial Protection Bureau (CFPB) and Navient’s response). As a follow up to “What The Navient Lawsuit Means For Your Student Loans,” here are some more action steps that you can take to protect your interests and take control of…

Read More

State, some parents ask court to stop lawsuit challenging Tax Credit Scholarship program

State, some parents ask court to stop lawsuit challenging Tax Credit Scholarship program

TALLAHASSEE — Attorneys for the state and a group of parents asked the Florida Supreme Court this week to reject a lawsuit challenging a program that helps pay for tens of thousands of children to attend private schools. The filings came amid ratcheted-up debate about the Florida Tax Credit Scholarship Program. On Tuesday, House Speaker Richard Corcoran, R-Land O’ Lakes, described the lawsuit, spearheaded by the Florida Education Association teachers union, as “evil.” The union and other plaintiffs went to the Supreme Court after a Leon County circuit judge and…

Read More