Course Action Alleges Navient Misled Student Loan Borrowers About FFELP Repayment Alternatives

Course Action Alleges Navient Misled Student Loan Borrowers About FFELP Repayment Alternatives

Navient Corporation is one of the defendants in just one more proposed course action that alleges the business misled education loan borrowers.

The 23-page problem alleges Navient, dealing with an “existential risk” following the passage through of a federal legislation this year that ended the government’s Federal Family Education Loan Program (FFELP), “intentionally misled” borrowers far from government-offered payment choices that will will be in pupils’ interest – that is best but might have triggered a loss in income for Navient. Navient accomplished this, the lawsuit alleges, by, among other so-called tactics, purposely omitting information in conversations with borrowers so as to avoid or wait the people from consolidating their responsibilities through the Department of Education.

First, some history…

Formally filed against Navient Corporation, Navient possibilities, LLC (previously Sallie Mae), and Studebt (an organization the outcome states purports to supply debt consolidation reduction solutions and passes scholar credit card debt relief Group or Student Loan Relief Counselors), the lawsuit starts by explaining that Navient could be the owner for the biggest profile of figuratively speaking guaranteed in full underneath the Federal Family Education Loan Program (FFELP). Continuar lendo Course Action Alleges Navient Misled Student Loan Borrowers About FFELP Repayment Alternatives