Navient Corporation, a loan servicer of federal student loans, has been formally served with six lawsuits alleging that they systematically misdirected student loan borrowers toward multiple forbearance programs instead of loan forgiveness programs.
Navient is responsible for managing federally subsidized programs. They are being accused of misleading borrowers. Here is the information that was being witheld from the borrowers.
A 2010 memo that was circulated through Navient uncovered a plan to steer borrowers into forbearance programs rather than forgiveness programs.
Navient chose to shortcut and deceive consumers to save on operating costs. Too many borrowers paid more for their loans because Navient illegally cheated them.
Navient cost borrowers billions by withholding information about income-based repayment programs that would lower their monthly payments.
The Navient Lawsuits show great mismanagement of the Navient Corporation. Many borrowers are unaware that there are programs available that will allow them to move their loans away from Navient Corporation. These programs are sponsored by the Department of Education and have been in place since 2007. If you are interested in these programs and you would like more information on how you might benefit from the Navient lawsuit fill out this short form and a qualified enrollment agent will contact you shortly. Call Now 866-551-0710