Pennsylvania Borrowers to Receive $70 Million in Settlement With Navient

Pennsylvania student loan borrowers will receive over $70 million in relief as part of a national settlement with Navient, one of the nation’s largest student loan servicers.

Attorney General Josh Shapiro said Navient will provide $1.85 billion to resolve allegations of unfair, deceptive, and abusive loan servicing practices dating back more than a decade.

“Navient repeatedly and deliberately put profits ahead of its borrowers – it engaged in deceptive and abusive practices, targeted students who it knew would struggle to pay loans back, and placed an unfair burden on people trying to improve their lives through education,” Shaprio said in a statement.

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Tennessee Attorney General Herb Slatery Announces Settlement with Student Loan Provider

Attorney General Herb Slatery

A bipartisan coalition of state attorney generals, including Tennessee’s Herb Slatery, announced a $1.8 billion settlement with Navient, a large, nationwide student loan provider.

The agreement will dispense millions to residents of the state that were negatively impacted by Navient’s lending practices.

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North Carolina Joins 32 States to Support of Pennsylvania’s Fight Against Student Loan Company Navient

North Carolina Attorney General Josh Stein joined a coalition of 32 attorneys general pushing for the lawsuit filed by the Commonwealth of Pennsylvania against student loan servicer Navient to go forward in the federal courts.

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