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Home / News / Navient settles predatory student loan claims for $1.85B

Navient settles predatory student loan claims for $1.85B

Navient, a large student loan servicer, has settled allegations of predatory lending practices for $1.85 billion, New York’s attorney general announced Thursday. The settlement includes $1.7 billion in debt cancellation and $95 million in restitution, New York Attorney General Letitia James said in a news release. “For too long, Navient contributed to the national student debt crisis ...