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

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

Navient Corporation is amongst the defendants in still another 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 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 have been around in pupils’ best interest – but could have triggered a loss in income for Navient. Read more