Navient required to cancel $1.7 billion in student loans

CNBC reports that Navient, one of the largest student loan servicers, will cancel $1.7 billion in private student loans under a settlement with 39 states. The settlement, announced yesterday, resulted from accusations the lender gave out loans to millions of borrowers who would be unlikely to be able to repay them. The article is here.

Leave a Reply

Your email address will not be published. Required fields are marked *